Weinstein & Randisi
Toll free:800-768-1780

Resize the Content Text

Court battle looms over late musician's trust

For New Yorkers who are well-known and wealthy, it is important to keep track of how estate plans can spark a legal dispute among heirs if the document is not crafted properly. Prominent entertainers bring joy to their fans and earn large sums of money for their efforts. After they have died, it is not uncommon for their relatives to disagree about how their legacy will be handled. Unfortunately, this is frequently related to money. When a family member is trying to address a disagreement about a will or a trust, having legal advice from a law firm that is experienced in estate lawsuits and negotiations is vital.

A pending court battle centers around the estate of the late musician Tom Petty. Mr. Petty's widow and his two daughters from a prior relationship are in dispute about the widow's role as the trustee to his estate. According to the widow, the daughters are hindering her attempts to manage the estate. She asks the court to put in place an operating agreement to name a manager who will have authority over any significant decision made regarding the estate's assets. The decisions would need a consensus among the three women so her decisions cannot be overridden.

In addition, the widow says that one daughter was abusive to her and others who worked for Mr. Petty including band members, his recording labels, and his management. Her behavior is said to be preventing several albums from being released. The daughter also filed a petition saying that the widow was preventing the daughters from taking part in decisions regarding the estate. They are at odds over an LLC that was formed to split his artistic properties. The daughter says it was not funded by using trust assets and this is being done intentionally.

Although estate disputes that reach the media and are discussed publicly often center around the wealthy and famous, it can happen to anyone whether they are of significant means or not. Compounding a loved one's death with a legal dispute over their assets and how they will be handled makes the situation worse, but sometimes it is unavoidable. If a court battle between heirs is needed to settle the matter, having legal advice is imperative. An estate planning law firm can help people get through estate litigation and should be called for a consultation on how to proceed.

No Comments

Leave a comment
Comment Information
  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
Awarded Top 50 Estate Planning Blog
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Blog Feed


Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

Toll Free: 800-768-1780
Phone: 585-310-1578
Rochester Law Office Map


Call us now for a free, 100% confidential consultation: