Updated Tuesday, July 29, 2014 as of 10:56 PM ET
Blogs - Trial and Heirs
Monkee Business Surrounding Davy Jones Estate
Tuesday, August 21, 2012

After The Monkees frontman Davy Jones died of a heart attack at age 66 on Feb. 29, his family took the very unusual step of having his will and related probate court documents sealed - perhaps to shield family disharmony from public view.

Wills, unlike living trusts, are public court documents and generally available for the public to read.  Because of this, you can find hundreds of celebrity wills online through simple internet searches (and it sure helped us write our book, Trial & Heirs:  Famous Fortune Fights!).

Davy's family, led by his oldest daughter, Talia Jones - who has been named as the personal representative to administer the estate - asked the judge to seal the file. The request, according to this gossip website that obtained a copy of it, argued that the court should deny public access to his "planning documents and financial affairs as public opinion could have a material effect on his copyrights, royalties and ongoing goodwill."  The request was granted, without opposition.

So what is so unusual about Davy Jones' will and financial status that could negatively impact his estate's royalties and goodwill?  Good question.  Perhaps it has something to do with his widow.

Jessica Pacheco-Jones is the 33-year old widow of Davy. Yes, this Telemundo TV host and former Flamenco dancer is half his age. If you're keeping track, that means she's younger than two of his four daughters (whose ages range from 23 to 43). Jessica was not named in the will, which was dated March 30, 2004 and predated their marriage by more than five years.

When Davy and Jessica wed in August, 2009, it was reported that his four daughters stayed away from the wedding, not being fans of Jessica. Whether that is true or not, Davy did admit to some friction with his daughters caused by Jessica's age. That being the case, it is very odd that Davy did not update his will to address what he wanted to leave Jessica. The couple was married for two-and-a-half years before his passing. So is Jessica left out of his estate completely?

No. She recently filed a request with the probate court to be treated as a "pretermitted spouse." This is a spouse who was married after the will was created and by Florida law is entitled to receive one-half of the estate. The only exceptions would be if a prenuptial agreement provided otherwise for her or if the will had a provision that the spouse would not be included. Because in this case the will was sealed, we don't know what language it may have had about any new wives in the future.

We also don't know Davy's financial condition. It's entirely possible that the secrecy relates to money trouble instead of his wife's relationship with his daughters.

Davy reportedly owned a condo in Fort Lauderdale, Fla. and a ranch in central Florida with 14 horses, plus he clearly received significant royalties from his days as a singer and songwriter with The Monkees. One of the band members said in an interview with The Daily Mail that this would have added up to more than $5 million for Davy.

But, there are signs that his estate was not in strong financial condition. 

While the probate court records themselves have been sealed, the court docket for the estate is still open to the public. It reveals that Davy Jones' estate has received a dozen claims for unpaid bills so far, including a series of claims by friend/co-writer Chris Andrews seeking "50% profit" and royalties from the estate in an undetermined amount. 

There's also a homeowners' association claim for $3,568, sizable medical and credit cards bills, and an oil change company asking for about $740. Even Davy's widow, Jessica, filed two claims totaling more than $7,500, along with her pretermitted spouse petition.

Add it all up and it leads to a lot of interesting questions, made more intriguing by the fact that the family is trying to keep the specifics of his estate quiet. Keeping estates private is a noble goal; in fact, that's why we recommend that most people use living trusts.  When used properly, they avoid probate court entirely and keep everything private.

(3) Comments
Your article raised many interesting details, however it failed to mention Jones' association in his later years with the stock picking website GorillaTrades.com as a company spokesperson.

The fact that he parodied a Monkees' hit song in television commercials by singing, "And then I saw their trades, and now I'm a believer", tells us something about the former-star's financial position. One might say it appears likely he had a need for the compensation which he was presumably provided for doing the television and print ads alongside a mascot in a silly furry brown gorilla suit.

Additionally, if Jones invested any substantial amount of his available funds in stocks but failed to use effective loss-limiting tactics, this may have contributed additional stress.

Posted by Kenneth G | Wednesday, August 22 2012 at 11:35PM ET
Pamięć naprowadza całe demonstracje dodatkowo zastrzeżenia, zezwala w wielu wypowiedziach szefa spostrzec w środku osłoną stare oraz zatrważające esencje - zapisuje w wizy do usa dalszym ciągu Władca. Aczkolwiek egzystuje przeciwnie pewno jedynka uwydatniony adres taktyczny, gdy Kaczyński krytycznie oblicza funkcjonowanie Jarosława Gowina w Ministerstwie Słuszności. Niechybnie, iż zaobserwował w działań dawnego wizy usa ministra niedowolne zagrożenie gwoli PiS...
Posted by misiek m | Tuesday, June 25 2013 at 10:13AM ET
When used properly, they avoid probate court bagażniki rowerowe entirely and keep everything private.
Posted by misiek m | Monday, February 03 2014 at 6:20AM ET
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