Who gets Paul Walker's millions?

03:38, Feb 05 2014
paul walker
SHARPLY DRESSED: US actor Paul Walker on the catwalk during Sao Paulo Fashion Week in March 2013.
Actors Paul Walker, Vin Diesel and Tyrese Gibson
BIG NIGHT: Actors Paul Walker, Vin Diesel and Tyrese Gibson at the premiere of Fast & Furious 6 in London earlier this year.
Paul walker
Paul Walker: The US actor, 40, is dead following a car crash.
Paul Walker
A girl places flowers at the scene of the car crash where actor Paul Walker was killed in the Santa Clarita area of Los Angeles.
Paul Walker
Firefighters extinguish the fire in the car where actor Paul Walker and his friend Roger Rodas were killed.
Paul Walker
Fans gather and place flowers at the scene of a fiery crash that killed Fast and Furious actor Paul Walker.
Paul Walker
Paul Walker (right) with co-stars Vin Diesel and Elsa Pataky at the premiere of the film Fast and Furious 5.

Paul Walker's teenage daughter is the sole beneficiary of the actor's estate, which is valued at an estimated US$25 million (NZ$27.8 million), court records show.

The star's final will and testament was filed January 28 in Santa Barbara and calls for his father to serve as executor of the estate and for his mother to serve as guardian of the actor's 15-year-old daughter.

The will was prepared and signed in 2001, the same year Walker starred in the first Fast & Furious film that launched the successful film franchise and will continue generating millions for the actor's estate.

Walker, 40, died on November 30 in a fiery car crash in Los Angeles County. He was a passenger in a specialty Porsche driven by friend and financial adviser Roger Rodas that burst into flames after colliding with a light pole and tree.

A coroner's report said investigators found no mechanical problems with the Porsche, which may have been going 100 mph or more before it crashed.

Much of the actor's wealth came from unspecified personal property, which is currently worth US$8 million, and a home worth an estimated US$10 million, court filings show.

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The records show Walker's estate is expected to earn another US$8 million, some of which is likely related to the seventh Fast & Furious film scheduled to be released in April 2015.

Shooting of the film was halfway complete when Walker was killed. Universal Pictures has said Walker will remain in the film but hasn't laid out how it will handle footage that had already been shot. The actor appeared in all but one installment of the popular street racing films.

An initial estate hearing has been scheduled for Febraury 20 in Santa Barbara Superior Court.

The filings call for the actor's father, Paul William Walker III, to have authority to sell or invest estate property as needed. Walker's mother, Cheryl Ann Walker, is named as the guardian of the actor's daughter, Meadow, and also was appointed to oversee her portion of the estate until she reaches adulthood.

Details about the will were first reported Tuesday by celebrity website TMZ.com.

AP