Arnold Palmer’s $875 Million Estate
As we all know, golf legend, Arnold Palmer, died last year on September 25,2016. According to a May 31,2017 Golf Week article, he earned $875 million during his life as both a successful business man and golfer. In fact, he apparently made $42 million in 2015 alone. The article reveals that he did have a will. Who will inherit from his massive estate?
According to the article, Palmer’s wife will receive $10 million. In addition, Palmer’s charity foundation, “Arnie’s Army Charitable Foundation,” filed a claim to his estate for nearly $10 million so that they can continue operating as usual. But what will happen to the bulk of his estate? His will leaves the majority of everything, including multiple houses and golf courses, to his two daughters. Will an estate battle emerge? Will his widow fight his daughters for more of a “fair share” of the estate? Who are his probate lawyers? Will the charity continue to get funded by his estate forever? To read the entire article, click here.