The estate of the late director Tony Scott has a current appraised value of more than $5.5 million, most of it made up of earnings generated from film receipts and residuals, according to newly filed court documents.
Scott’s estate was sued last June 5 in Santa Monica Superior Court by Creative Artists Agency, which claims it is owned more than $1 million by the estate, the new court papers state.
The 68-year-old Top Gun director jumped to his death off the Vincent Thomas Bridge in San Pedro on Aug. 19, 2012. An inventory and appraisal of the estate was prepared by probate court referee Catherine Palermo and filed in Los Angeles Superior Court on Thursday by attorney R. Dennis Luderer, the Scott estate’s executor.
Of the $5.5 million, $3.2 million is community property Scott held with his wife, Donna Scott, according to the estate’s court papers. Together they held more than $1.9 million in film bonus money and he also had another $800,000 in separate property from the same income source, according to the court documents.
The referee’s report also shows the estate has another $1.54 million in separate property assets from RSA Films, the production company Scott created along with brother Ridley Scott, the estate’s court documents show.
Other community property assets consist of furnishings and fine art worth $665,685 and numerous vehicles and water pleasure craft, including two Hummers, a Lincoln Navigator, two 1989 Porsche 911 models, a 1968 Ford Mustang convertible and several motorcycles and jet skis.
“Although (the estate) is undertaking reasonable efforts to settle the pending litigation, the lawsuit is likely to remain open for at least another year while discovery and settlement activities continue,” the estate’s new court papers state.
Scott and his wife had twin sons, Max and Frank Scott, who are now 13 years old.
In addition to Top Gun, Scott also directed Beverly Hills Cop II, Days of Thunder, Crimson Tide, Spy Game, and Man on Fire, among others.
