Life's Third Act

Life's Third Act


Tom Petty’s Estate Mistakes: How to Protect Your Legacy – Part 2 – EP. 165 – Life’s Third Act

March 26, 2025

In part two of the Tom Petty story, Life’s Third Act host Joe Cordell and co-host Sherry Farmer explore the Petty estate and the legal challenges that arose after his death in 2017. Following a $5 million lawsuit filed by Petty’s daughters against his second wife, Dana, the family eventually reached a settlement. This high-profile estate dispute highlights key estate planning lessons, including the importance of clear wills, trusts, and strategies to avoid family conflict. Learn how proper estate planning can protect your legacy in this latest episode of Life’s Third Act!


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