By : Good Morning America
The three children of Robin Williams could stand to inherit millions from the late comedian's estate, including an extensive Napa Valley winery that his real estate agent confirmed is still listed for sale at $29.9 million, though his debts are not known.
Though the actor, 63, admitted in interviews over the years that he had
lost a significant amount of money from his divorces in 1998 and 2008,
he still had significant assets.
When asked if he lost all his money from the separations, Williams told Parade Magazine
in Sept. 2013, “Well, not all. Lost enough. Divorce is expensive. I
used to joke they were going to call it ‘all the money,’ but they
changed it to ‘alimony.’ It’s ripping your heart out through your
wallet. Are things good with my exes? Yes. But do I need that lifestyle?
No.”
Danielle Mayoras, attorney and co-author with her husband of the book Trial & Heirs: Famous Fortune Fights, said Williams had to get on his feet financially after payouts that were reportedly in the tens of millions of dollars.
Among his real estate holdings is the home in Tiburon, California, where
he was discovered on Monday. He purchased the six-bedroom house in Dec.
2008 for more than $4 million, according to real estate records. With
stunning views of the San Francisco Bay, the 6,500-square foot home was
located on the water and had a three-car garage, according to a past
listing on Zillow.com.
His Napa Valley estate has been listed since April 2014 for $29.9
million and the actor's tragic death will most likely not complicate the
sale, his realtor Cyd Greer told ABC News today. Williams previously
listed the property in 2012 for $35 million, but it failed to sell. The
650-acre ranch is on six parcels and includes a seven-stall horse barn,
tennis court and four-bedroom guest house. The estate is dubbed Villa Sorriso, or "Villa of Smiles."
"He did have significant real estate holdings, but it appears that he
was cash poor," Mayoras said, adding that Williams may have had hefty
life insurance policies that would increase the estate's wealth upon his
death, not to mention his ongoing royalties. The actor had appeared in
over 80 movies as well as TV series and productions, Broadway, and
voice-over work.
When asked about whether life insurance pays out in suicide, Andrew
Mayoras, husband of Danielle Mayoras and co-author of Trial and Heirs,
told ABC News, “Typically, yes, if the suicide happened more than two
years after the date the policy was issued. Otherwise, no, only the
premiums would be refunded, but it wouldn’t pay out.”
The details of the divorce agreements were private, though the press reported some details of the separations. People
reported that Williams' second wife, Marsha, filed a divorce petition
to end their 19-year marriage in March 2008, and she stayed in their San
Francisco home while he moved out. The divorce was finalized two years
later in 2010, US Weekly reports.
Commenting on how long it took to finalize the divorce, which was not
covered in his book, Andrew Mayoras said: “It is an indication that the
divorce, amount of alimony, and property settlement took them awhile to
come to reach an agreement. In other words, this was most likely not an
amicable divorce.”
Williams married graphic designer Susan Schneider in Oct. 2011 in St.
Helena, California. It's not clear what, if anything, she will inherit
from the estate.
Back in September, Williams explained why he was returning to television
for the first time in about 30 years with CBS' "The Crazy Ones,"
alongside actress Sarah Michelle Gellar.
“The idea of having a steady job is appealing," he told Parade. "I have
two [other] choices: go on the road doing stand-up, or do small,
independent movies working almost for scale [minimum union pay]. The
movies are good, but a lot of times they don’t even have distribution.
There are bills to pay. My life has downsized, in a good way. I’m
selling the ranch up in Napa. I just can’t afford it anymore.”
The show was cancelled after one season.
A call to Williams' publicist seeking comment about the estate wasn't immediately returned.
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