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May 2019 Archives

Tom Petty's Estate Is Causing More Heartbreak

After passing away in October 2017, Tom Petty's estate has seen it's fair share of legal issues. The latest filed by Petty's two daughters, Adria Petty and Annakim Violette, who are beneficiaries under their father's trust. The daughters have now filed suit against Petty's widow, Dana York Petty, who is also the directing trustee of the trust. The claims allege that York Petty is superseding the daughters' right to "equal participation" in making decisions for the late singer's catalog. The daughters claim that the phrase "equal protection" in the trust agreement should be interpreted to mean they have a majority vote representing two-thirds of the parties to handle Petty's assets. 

Legitimate causes for concern in a high-asset divorce

Divorces are typically more complex when they involve a high amount of material wealth. This is simply because there is more to organize and there is more at stake. Divorcing spouses in Texas with a high number of assets should work with the law to protect their possessions and assert their rights.

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