HULK Hogan’s $25 million fortune could spark a family feud as his new wife Sky Daily is set to get at least 30% of the iconic wrestler’s fortune after his death at 71 years old.
The U.S. Sun can exclusively reveal that Hulk did have a trust set up upon his death on Thursday, and due to Florida law, even if he didn’t update it to include Sky, 49, who he married just two years ago, she still automatically would get nearly a third of his massive estate.
Hulk Hogan’s wife of just two years, Sky Daily, stands to inherit at least 30% of the WWE legend’s massive fortune[/caption]
Hulk owned a gigantic Florida estate and several businesses when he died on Thursday[/caption]
Florida estate expert and paralegal, June Fredricksen, at the Shofner Law Firm, explained that the WWE wrestler, movie star, and local business owner likely had “very in-depth estate planning.”
“You set up a trust to protect your assets, so you run everything through the trust,” the expert explained.
“He’s probably got his accounts titled under a trust, he owns property on Clearwater Beach, he owns a couple of businesses in Florida, and all of that is likely titled under his trust.”
Having a trust, the legal expert explained, is going to help avoid probate.
Probate is when a decedent’s estate ends up in court to figure out where assets need to go, and if creditors can collect from it.
Whether or not his new wife, Sky, was included in his trust, she still stands to inherit a large portion of his wealth.
“He married Sky two years ago, so he probably updated the trust so she would get a spousal elective share.
“Even if Sky was left out of his estate and he didn’t update his trust since they married, she would still get a spousal elective share, which she is entitled to 30% in Florida,” the legal expert explained.
According to records examined by The U.S. Sun, Hulk, whose real name was Terry Gene Bollea, had what is called a revocable trust filed.
“His trust will probably help avoid going to probate and his revocable will become irrevocable upon his death, which he just died yesterday,” she further imparted.
June said someone in the trust will be named the trustee and they will do whatever the trust directs as far as the distribution of Hulk’s assets goes.
Things can get dicey however, if his trust wasn’t fully up to date, such as if there were assets that were not rolled into his trust, or importantly, if someone contests what is directed in the trust.
“Just because you have a trust doesn’t mean you’re going to avoid probate,” she said and added that if his estate battle does end up in court, then the assets become “susceptible to creditors, and I’m sure he had some creditors.”
Hulk had notoriously fallen out with his daughter Brooke Hogan.
The two have been estranged for several years, and the WWE star never met his twin grandchildren, Oliver and Molly Gene, who were born in January of this year.
“If Brooke is left out of the will, she can contest it,” and the battle would wind up in probate court, the legal expert explained.
INSIDE HULK’S FORTUNE
Hulk’s estimated net worth is $25 million, according to Celebrity Networth.
As The U.S. Sun exclusively revealed, Hulk owns a massive Clearwater property worth about $11.5 million.
He owned several businesses in Florida, with Hogan’s Beach Shop in 2013 which is still going strong, as well as the restaurant Hogan’s Hangout, which is also still open, in Clearwater Beach.
Hulk has also appeared in a slew of movies beyond his legendary run with the WWE.
SKY’S HEARTBREAKING TRIBUTE
Sky Hogan shared an emotional statement following the sudden passing of her husband, Hulk Hogan, at the age of 71. In her Instagram post, she expressed her devastation and reflected on his health struggles.
“My heart is in pieces,” she began. “I wasn’t ready for this. He had been dealing with some health issues, but I truly believed we would overcome them. I had so much faith in his strength. I thought we still had more time.”
She continued, “This loss is sudden and impossible to process. To the world, he was a legend… but to me, he was my Terry. The man I loved. My partner. My heart.”
Sky also paid tribute to Hulk’s love for his fans: “Hulk loved his fans so much, and despite his growing physical discomfort, he did everything he could to show up, sign autographs, take photos, and connect with the people who supported him through it all. You meant everything to him.”
She concluded by finding solace in his faith: “He was a believer in Christ, and I take comfort knowing his soul is at peace and he’s been welcomed home. Please keep his family and all of us who loved him in your prayers as we try to navigate this new reality.”
HULK HOGAN’S FINAL DAYS
Hogan had been battling significant health challenges in the months leading up to his death. He underwent neck surgery in May, which required a return to the hospital in June after complications.
By mid-year, reports surfaced claiming Hogan was unable to feel his legs or walk without the aid of a cane, with some rumours suggesting he was on his deathbed. However, these claims were denied or downplayed by those close to him.
On Thursday morning, Hogan suffered cardiac arrest at his $11.5 million mansion in Clearwater, Florida. Paramedics arrived following a frantic 911 call and spent 30 minutes attempting to revive him. He was transported to the hospital, where he was pronounced dead.
HULK’S FAMILY
Hogan was married twice before meeting Sky. His first marriage was to Linda Claridge, with whom he shared two children: Brooke, 35, and Nick, 32. The family starred in the reality series Hogan Knows Best, which aired from 2005 to 2007.
Hogan and Claridge were married for 26 years before divorcing in 2009.
The following year, he married makeup artist Jennifer McDaniel, though their marriage ended in divorce in 2021.
Hogan later married Sky in an intimate ceremony in Clearwater, Florida.
Hulk owned this $11.5 million estate in Clearwater Beach, where he went into cardiac arrest on Thursday[/caption]
Hulk also owned several businesses including this restaurant, Hogan’s Hangout[/caption]
Hulk had a fractured relationship with his daughter, Brooke (in white), who had been estranged from the wrestler in recent years[/caption]
