Spelling fortune touches off family feud
At stake: legendary TV producer's half-billion estate
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Family feud July 6: CNBC’s Jane Wells looks at Tori Spelling’s family feud with her mother over her father's death and reports that their family home, valued at $150 million, is for sale. On the Money air weeknights at 7pm and 11pm ET CNBC |
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At stake: her Dad’s estate worth an estimated half billion dollars. Aaron Spelling died leaving a widow and two kids, but Tori, the most famous of those heirs, went very high profile with an interview in US Weekly claiming that she saw her dad for the first time in nine months two weeks before he died.
She also said that her mother did not update her on his health, that mom was spending time with a male friend, that she found out her father died only when a friend blackberryed her, and that her mother and brother left her name off the family statement after Spelling’s death.
That set off a public fight between mother and daughter like something out of Dynasty. Widow Candy Spelling calls the comments “mean spirited and hurtful”. And then there’s the money. Aaron Spelling’s rags-to-riches story was something his daughter never had to suffer. The son of immigrants tried his hand at acting, a career his daughter pursued. But, Spelling senior made is fortune producing the original ‘Must See TV’, helping him build the biggest house in LA – 56,000 square feet.
Soon, there may be no room to rent. Candy Spelling is reportedly trying to sell the house for $150 million dollars. Later this month Spelling’s will is to be filed. How will it all end?
“I’m told that Candy Spelling will be the executor of the estate. Tori will get some money, but when it comes to discretionary money, Tori’s mother is cutting her out and Tori is very upset about it”, said US Weekly’s Ken Baker.
Whatever happens, it will end up in the tabloids, maybe even in the courts. In a story Aaron Spelling might have loved to produce.
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