Fast & Furious Star Paul Walker’s $25 Million Estate Goes to Daughter — how will daughter deal with inheriting vast wealth ?

With the untimely death of Paul Walker, the star of The Fast and The Furious, http://www.thefastandthefurious.com/  attention has focused to his $25 million estate.

Walker evidently had a   $10 million home   and a #Will which left his entire estate to his  minor daughter.

Media sources report that Walker named his father as his #EstateAdministrator , what some may call me     #executor of his estate,  or, as they call it in #FloridaProbateLaw, the #personalrepresentative.

He appointed his mother to be the #guardian of his minor daughter.

It’s not clear just yet whether Walker’s father will be managing the #EstateInheritance    by some type of    #FamilyTrust    or whether the #guardian of the daughter will also be the #guardian of that property.

Many   wealthy families   face the hurdle of #WealthAdministration.    Many wealthy families wonder how their children, and grandchildren will spend,   or mis-spend, their #inheritance.   Will the #estate money be used for good, and educational purposes, to make a better life, or will the  #FamilyWealth  be misspent and misused?

Many wealthy individuals use  a   #RevocableTrust    in their #EstatePlan for situations just like this.    In #FloridaEstatePlanning circles,   #RevocableTrusts, also called #LivingTrusts, are very common along with #LastWills, #PowersOfAttorney and #LivingWills.