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Read Microsoft Co-Founder Paul Allen’s Last Will and Testament

Paul Allen’s 2018 will directs the estate residue to his living trust and names his sister Jody Allen as personal representative. Read the linked six-page copy and see what it does—and does not—establish.
From TheFinanceBase Team2 min to read
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Read the six-page will linked in SeattlePI/GeekWire’s report. Filed in King County Superior Court on October 24, 2018, the document names Paul Allen’s sister Jody Allen as personal representative and directs the residue of his estate to a separate living trust. It does not spell out the trust’s full terms or say what would happen to Allen’s businesses, sports teams, and other ventures.

Where to read the will

Kurt Schlosser’s SeattlePI/GeekWire report, published November 9, 2018, says the will was signed on July 18 and filed in King County Superior Court on October 24, 2018. The report links to a six-page copy of the document.

The linked copy is hosted on Scribd and identifies itself as the filed “Last Will and Testament of Paul G. Allen.” It is an online copy, not the court’s official case portal. Read the report and its linked document.

What the will says

It sends the remaining estate to a living trust

The will identifies Allen as a Washington resident and revokes his earlier wills and codicils. It directs the residue—the property remaining to be handled under the will—to the trustee of the Paul G. Allen Living Trust, dated December 17, 1993. The trustee is to administer that property under the trust’s provisions, including any amendments or restatements. The will copy does not include the trust’s full distribution terms.

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It names Jody Allen to administer the estate

Paul Allen’s will names his sister Jo Lynn Allen, known as Jody, as personal representative. If she cannot serve, the document says she may designate a successor. If she does not, it lists Nancy B. Peretsman first, followed by Allen D. Israel and Nicholas P. Saggese serving together.

The personal representative is given authority over Allen’s digital assets and accounts, including access, control, handling, distribution, disposal, or termination. The document also permits the representative to engage an agent to assist.

It records Allen’s family circumstances when he made it

The will states that Allen was not married and had no children or descendants when he made it. In the document’s words: “I have no children or descendants.” It identifies his sister Jody and her children as his immediate family.

It includes a specific loan guaranty provision

A clause concerning a Pacific Life guaranty for a construction-to-permanent loan to Washington Builders LLC describes the loan as approximately $100,000,000. That figure belongs to this particular loan provision; it is not an estimate of Allen’s estate.

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What the will does not tell readers

The will does not set out what would happen to Allen’s businesses, sports teams, or other ventures. The contemporaneous SeattlePI/GeekWire report noted that it offered no details about the fate of those ventures. Because the will sends the estate residue to a separate living trust, this document alone does not establish the trust’s beneficiaries or complete distribution plan.

Jody Allen described her role in a statement quoted by the report: “I have been given the great responsibility to steward Paul’s wealth in service of his vision for the future. I will do all that I can to ensure that Paul’s vision is realized, not just for years, but for generations.” The statement expresses her stated aim; the will itself does not provide the trust’s full terms.

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