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NY Post
New York Post
6 Nov 2023


NextImg:Matthew Perry’s ‘Friends’ fortune: Where do his yearly $20 million residuals go now?

Matthew Perry tragically died on Oct. 28, leaving questions behind about what happens to his estate, and his “Friends” millions. 

Los Angeles-based entertainment lawyer Tre Lovell told The Post that in the case of a death like Perry’s, there are three options that could happen. 

“There may be a trust, and that would be administered privately, through his trustee. He could have had a will – that would be administered under [probate] court supervision. If he had neither, there’s a statutory framework put in place, where there’s a listing of his heirs that would get his estate.”

Lovell added that if the third option happens, since Perry had no wife or children, and his parents are still alive, “They would split his estate. His siblings would be next in line, after the parents. But, since both of his parents are living, they would get it,” he explained. 

Perry — and his “Friends” costars Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc and David Schwimmer — reportedly make $20 million a year in residuals. The beloved NBC comedy ran for 10 seasons from 1994 to 2004.

Perry, who struggled with addiction and sobriety for years, died of an apparent drowning in a hot tub at his home in the ritzy Pacific Palisades neighborhood of Los Angeles.

Matthew Perry as Chandler Bing, Jennifer Aniston as Rachel Green, David Schwimmer as Ross Geller, Courteney Cox as Monica Geller, Matt LeBlanc as Joey Tribbiani, Lisa Kudrow as Phoebe Buffay on “Friends.”
NBC via Getty Images
Matthew Perry, before his tragic unexpected passing.
Represent.com/MEGA

He’s survived by a large family: his actor father, John Bennett Perry, 82, his mother Suzanne, his famous stepfather, “Dateline’s” Keith Morrison, 76, and his five half-siblings: Caitlin, Emily, Will, and Madeline Morrison (who are Suzanne’s kids with Keith) and Maria Perry (who is John Bennett Perry’s daughter with his second wife, Debbie Boyle). 

Law enforcement sources told TMZ that investigators ran a less-in-depth toxicology test on the actor that revealed Perry did not have fentanyl or methamphetamines in his system at the time of his death.

More tests are currently being conducted as part of the toxicology report. It can take months to establish an official cause of death, which is still “deferred.”

Jennifer Aniston, Courteney Cox, Matthew Perry, Lisa Kudrow, David Schwimmer and Matt Leblanc during a taping of the “Friends: The Reunion” special in 2021.
AP
Matthew Perry talked about his struggles with addiction in his book.
AP

Perry’s friend, Athenna Crosby, 25, who was one of the last people to see the “Friends” star before his death – as the duo dined together just one day before the tragedy – has insisted that he did not relapse

“I think people are speculating that this was a relapse situation. I just want to defend him and say that it was not,” she said, adding that he was “100% sober” and behaving in a way that was “completely normal” during their lunch. 

Matt LeBlanc and Matthew Perry as Joey and Chandler on “Friends.”
Warner Bros
David Schwimmer as Ross Geller, Jennifer Aniston as Rachel Green, Courteney Cox as Monica Geller, Matthew Perry as Chandler Bing, Lisa Kudrow as Phoebe Buffay, Matt LeBlanc as Joey Tribbiani. The cast repordely made $20 million a year in residuals.
Getty Images

Lovell told The Post that if there’s a trust, that information might not be made public, because it’s private. 

“I would be surprised if there wasn’t some type of estate planning. He’s a famous actor, he’s got business managers, agents, lawyers,” he said.  

Regarding residuals from “Friends” from syndication and streaming — through SAG-AFTRA, “You can designate who it can go to,” said Lovell. 

“So, that can be separate from any trust or will. So, there’s a chance he wrote in somebody [to receive that money after his death]. But, we just don’t know.”

Matthew Perry might have designated his hefty “Friends” paycheck to go to an addiction charity, in the event of his death.
NBCUniversal via Getty Images
David Schwimmer and Matthew Perry as Ross and Chandler in “Friends.”
Courtesy Everett Collection

If Perry “wrote in somebody,” it could be a charity, Lovell explained. 

The Canadian actor, who estimated he spent $9 million through the years to get sober, eventually achieved sobriety before his death.

He also formed the Perry House in 2013 in his former Malibu abode, which was a male sober living facility that operated for two years.

Matthew Perry didn’t leave behind a wife or kids, so his money will likely go to his parents, and maybe addiction recovery charities, entertainment lawyer Tre Lovell told The Post.
©Warner Bros/Courtesy Everett Collection
“The Matthew Perry Foundation” has already been established, to aid people battling substance abuse.
©Warner Bros/Courtesy Everett Collection

On Friday, pals close to the late “Friends” star announced that they will establish the Matthew Perry Foundation, to aid those battling substance abuse.

“The Matthew Perry Foundation is the realization of Matthew’s enduring commitment to helping others struggling with the disease of addiction,” officials said in a statement to “Entertainment Tonight.”

“The Matthew Perry Foundation is the realization of Matthew’s enduring commitment to helping others struggling with the disease of addiction,” the statement continued.

“It will honor his legacy and be guided by his own words and experiences and driven by his passion for making a difference in as many lives as possible.”

Lovell pointed out that since, “Recovery was a big part of his life, there’s a lot of speculation that if he did designate anybody to receive the assets, it could be some type of charity or [addiction] recovery organization.”