The last will and testament of Paul Newman has been admitted to probate. You can see a copy of his last will and codicil here (See “What Will Happen if I Die Without a Will?”). Mr. Newman directed that his race cars and airplanes be sold for fair market value with the proceeds to be passed to the residuary. His Oscars and other awards will pass to Newman’s Own Foundation, and trusts were established to handle his various businesses (Mr. Newman could have avoided the publicity of probate entirely by using a trust – see “Advantages of a Living Trust”). Thanks to Professor Beyer for finding the article.

Filed under: Uncategorized