“David Cassidy‘s son stands to inherit much more than he may have originally expected.”
According to court documents obtained by The Blast, the late actor and musician David Cassidy left his son Beau the bulk of his estate.
That estate was originally valued at just $150,000, minus some substantial debts. However, Cassidy’s estate is now estimated at about $230,000, after debt expenses are paid. However, there’s more.
People’s recent article, “David Cassidy's Son to Receive Upwards of $1.68 Million—More Than 10 Times Initial Estimate,” reports that Cassidy had a retirement plan which has already paid out $450,000 to Beau. His son will also receive $1 million in life insurance policy proceeds, since he was the sole beneficiary.
When it’s all added up, Beau Cassidy will inherit roughly $1.68 million—which is more than 10 times what the sum was initially reported to be his when his father, the former Partridge Family star, passed away at the age of 67 from organ failure in late 2017.
His daughter Katie Cassidy was omitted from his will. David claimed he was no more than a biological father to her. Cassidy told People several months before his death, “I’ve never had a relationship with her. I wasn’t her father. I was her biological father but I didn’t raise her.”
Nonetheless, Katie was one of the family members who joined to mourn his loss, after he succumbed to his struggles with liver and kidney failure. She credits him with giving her valuable advice about spending a life in the limelight.
“He left me with really great advice. He was like: ‘Don’t ever stop going to class. That’s where you should put your money,’” she told People. “And that’s what I do, and I’ve been able to go from nothing to where I am today and it’s built confidence and self-esteem.”
The actress also admitted to being quite impacted by her father’s final words, writing on Twitter, “My father’s last words were ‘So much wasted time.’ This will be a daily reminder for me to share my gratitude with those I love as to never waste another minute.”
Reference: People (July 18, 2018) “David Cassidy's Son to Receive Upwards of $1.68 Million — More Than 10 Times Initial Estimate”