Tag Archives: Tom Clancy Estate

Tom Clancy Family Estate Dispute Resolved After Years Of Fighting

While the final Tom Clancy estate battle may not have been as exciting as the climactic scenes in The Hunt for Red October or Patriot Games, the struggle between author Tom Clancy’s widow and four adult children over his $86 million estate is now over.  The seven justices on the Maryland Court of Appeals (the highest court in Maryland) were asked to rule about what a key clause in the codicil to Clancy’s will actually meant.  While it was close — four votes to three — the ruling marked a decisive victory for Clancy’s widow.Tom Clancy Estate Dispute

Considering that Tom Clancy is one of the best-selling authors of all time, it is ironic that the fight boiled down to how to interpret a clause in his estate planning documents that was written in an unclear manner.

The dispute centered around a provision in Clancy’s second codicil (which means amendment) to his will.  The will, originally signed in 2007, divided Clancy’s assets into three trusts:  one-third for his wife, another third for Read more...

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Tom Clancy Estate In Family Fight Due To Poor Estate Planning

Anyone who knows who CIA analyst Jack Ryan is likely appreciates the work of late author Tom Clancy.  Called the “father of the techno-thriller,” Clancy’s career took off with his first novel, The Hunt for Red October.  His career — spawning movies such as Patriot Games and Clear and Present Danger — led to more than 100 million copies of his Tom Clancy Estatenovels in print, with 17 books hitting the top spot on the New York Times best-seller list.

Tom Clancy passed away on October 1, 2013 from heart failure, at age 66.  He was survived by his widow, Alexandra Clancy, and their young daughter, as well as four adult children from his first marriage.

Author Tom Clancy Dies At 66 (Oct 1st, 2013)

Tom Clancy Estate Value

The Tom Clancy Estate has been valued, based on probate court filings, at $82 million.  It includes a $65 million ownership stake in the Baltimore Orioles, a rare, working World War II tank, a $7 million mansion overlooking the Chesapeake Bay, and more Read more...

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