Andy Rooney's $9 Million Estate and Estate Sale

Andy Rooney, best known for his controversial "60 minutes" segments, passed away in November of last year. Rooney had announced just a month earlier on '60 Minutes' that he would no longer be appearing regularly on the program. Rooney was 92 years old at his passing.

Rooney was best known for his wry, humorous and often cantankerous and contentious television essays and written articles. Rooney had worked in television for over 60 years, with over 30 of them as a commentator on the CBS '60 Minutes' program. Over the years, he has addressed a myriad range of topics, such as: AIDS, drug use, the contents of his own desk drawer, the OJ Simpson trial, Kurt Cobain of Nirvana, God and religion, the war on terrorism and every topic in between. Rooney has also published 16 books through the years.

Recently, Rooney's will was filed in Manhattan Surrogate's Court showing that while the celebrity was known as frugal and reserved financially, he didn't make the wise decision to create an estate plan. This means his estate, valued at over $9 million will likely have to pay the high cost of estate taxes. Also, it means that his assets and information regarding their distribution and the beneficiaries' information will not be kept private, but become public information. This is unfortunate in any situation, but especially so for someone in the public eye.

Rooney's estate contains $8 million in stocks, bonds and cash along with $1 million in property. Rooney owned homes in Manhattan and Rensselaerville, New York as well as Rowayton, Connecticut. Rooney's wife of 62 years passed away in 2004 and he is survived by his 4 children, five grandchildren and two great grandchildren. The estate is set to be divided equally between the four children and an estate sale on his various possessions began on Monday.

What the Attorneys of Morris Hall Can Do For You:
The attorneys at Morris Hall have 100's of years of combined experience ensuring that families' assets are protected from probate, unnecessary taxes, creditors, ex-spouses and Medicaid spend-down. The attorneys also help those in Arizona and New Mexico to apply for and receive Medicaid assistance and Veterans Benefits. Our Arizona offices are located in Phoenix, Mesa, Scottsdale, Tucson, Prescott, Flagstaff and Arrowhead. Our New Mexico offices are located in Albuquerque, Las Cruces and Santa Fe. Contact us today at 888.222.1328 to schedule an appointment!

This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.