Matthew Perry's Estate Executor Set To Release 7-Figure Sum To Family After Offsetting His Debts
By Afouda Bamidele on October 17, 2024 at 8:15 PM EDT
Financial drama has been ruled out as Matthew Perry's estate executor hands over his assets to his family.
The late actor's manager, Lisa Ferguson, the appointed executor to his estate, has reportedly settled all debts connected to the actor. Now, his family gets to share the rest of the money.
Matthew Perry was declared dead after he was found unconscious in the hot tub at his Los Angeles home last October.
Matthew Perry's Debt Records Are Squeaky Clean Almost A Year After His Death
Lisa Ferguson, appointed as the late actor's estate executor and longtime business partner, provided a final accounting report in Perry's probate case.
Ferguson declared that the actor left behind a total of $1,596,914.47 in assets, adding that: "there have been no creditor's claims filed and no unpaid creditor's claims, which meant the estate is solvent.
In Touch gathered from the executor's report that she received written demands for all the payments and all the debts were handled without the need for the court's intervention.
The actor reportedly created the will in 2009, alongside The Alvy Singer Living Trust, where he placed most of his assets. After his demise, He asked that Ferguson and Robin Ruzan run the trust.
The Executor Is Also Up To Date On All Perry's Taxes
Perry's business partner stated in the report that "an extension for filing the federal estate tax return has been timely filed, and Petitioner has made sufficient payments for the estate taxes estimated to be due."
Ferguson noted that as the executor, she will pay any additional estate taxes determined to be due in her capacity as Trustee of the Alvy Singer Living Trust dated June 2, 1999, as amended.
She continued that all personal, income, and other taxes owed have been paid, and none of Perry's physical and financial assets have been sold to sort the payments.
Perry's father and mother, John Perry and Suzanne Morrison, his former partner Rachel Dunn, half-sisters Emily Morrison, Caitlin Morrison, Madeline Morrison, Maria Perry, and William Morrison will all benefit from his estate.
Ferguson requested that the court sign off on the final report and close the probate case. She then demanded a payment of $28,000 for services rendered.
Perry's Physician Pled Guilty To Playing A Major Role In The Actor's Death
Dr. Chavez pleaded guilty to the charges accusing him of illegally distributing ketamine at the U.S. District Court in Los Angeles earlier in the month. The medic faces up to 10 years in prison and will know his fate next April.
The Blast noted that he also admitted to obtaining ketamine through illegal means, identifying his sources as his former clinic and a wholesale distributor by tendering a fake doctor's prescription.
Chavez's attorney, Matthew Binninger, acknowledged his client's deep remorse over his actions, noting that "he's trying to do everything in his power to right the wrong that happened here. He didn't accept responsibility today, but only because it wasn't on the calendar."
Binninger described the nature of Perry's passing as a shame and a tragedy for the case of the actor who was "universally beloved."
The 'Friends' Actor's Former Personal Assistant Pleaded Guilty To Causing His Death
Kenneth Iwamasa, who lives with the actor in his Los Angeles home, was reportedly the one who found him dead, and it was not his first time as he confessed to having found him unconscious at his residence "on at least two occasions" before he passed.
The personal assistant allegedly gave him the last deadly dosage that eventually led to his death. Iwamasa explained that he injected him with ketamine around 8:30 am and 12:45 pm on the day he died.
He added that the actor ordered him to prepare his jacuzzi and "shoot him up with a big one" 40 minutes after the last dosage. Iwamasa then went on an errand and met Perry's lifeless body on his arrival.
He pled guilty to one count of conspiracy to "distribute ketamine causing death" and currently faces up to 15 years in prison when sentenced.
Matthew Perry Died Of Overdose In Ruling By Examiner
The autopsy report, which was released after his death, declared that his death was caused by ketamine overdose with other contributory factors, including coronary artery disease, drowning, and the effects of buprenorphine.
The TV star was reportedly on ketamine infusion therapy before his death due to his depression and other health problems. However, at the time of his death, the amount of ketamine in his body exceeded the accepted limit. Thus, it played an active role in his death.
Aside from Chavez and Iwamasa, police also picked up Erik Fleming, Dr. Salvador Plasencia, and Jasveen Sangha, known as the "Ketamine Queen."
