What is Hugh Hefner’s Estate Worth?

Hugh Hefner, best known as the founder of Playboy Magazine died on September 27, 2016. The Business Insider reveals that Hefner’s estate is estimated to be worth around $50 million. Yet, they mention that there is research showing that it could actually be worth closer to $100 million. What was he really worth? Who will inherit from his estate? Who are his heirs? What should Hefner’s probate lawyers watch out for?

The media reports that Hefner died leaving behind four children and a 31 year old wife. This could mean that a gigantic probate battle is about to happen. Trust lawyers and probate litigation attorneys frequently encounter estate lawsuits between children and their parent’s second or third spouse. Did Hefner have an estate plan written by an estate planning lawyer? Did he have a will? The article implies that he did. If he did not have a will, and had lived in Florida instead of California, his wealth would pass according to Florida intestate laws.This means that his heirs would inherit. To read more about Hefner’s estate, click here.