Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Saturday, December 5, 2020

Former Zappos CEO Tony Hsieh Dies Intestate With Reported Net Worth Of $840 Million

HseihTony Hsieh, the former CEO of Zappos, died on Friday after being found unconscious in a house fire in Connecticut. Hseih's family filed court documents in Nevada which revealed that Hseih died intestate and did not leave a will. Hseih's estate is reported to be worth an estimated $840 million. 

 

Hseih's father and brother have asked to be allowed access to Hseih's accounts and his mother and other brother were listed as next of kin. 

A recent report stated,

Documents filed in court in Nevada on Wednesday on behalf of his family said they are ‘unaware of the existence of a fully executed estate plan and have a good faith belief that the Decedent died intestate.’

Hsieh’s father Richard Hsieh and his brother Andrew Hsieh have asked for an order that would allow them to access his accounts and protect his assets. His mother Judy and other brother David were listed as next of kin.

The family’s lawyers wrote that they ‘seek authority to investigate the existence of an estate plan by accessing safe deposit boxes, speaking with the Decedent’s legal counsel and associates, and taking such other reasonable acts to ensure that Decedent’s properly executed testamentary directives are implemented.’

"When a person dies intestate, state law controls the distribution of their estate assets." Since Hseih was a resident of Nevada when he died, Nevada law will control the distribution of his estate. 

See Former Zappos CEO Tony Hsieh Dies Intestate With Reported Net Worth Of $840 Million, Probate Stars, December 4, 2020.

https://lawprofessors.typepad.com/trusts_estates_prof/2020/12/former-zappos-ceo-tony-hsieh-dies-intestate-with-reported-net-worth-of-840-million.html

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