Details of Keith Floyd’s estate revealed
Details of Keith Floyd's estate revealed.
The details of the late Keith Floyd's estate have been revealed, showing that the chef managed to leave only £7,500 of his English estate to his children, Patrick and Poppy.
Sadly, this is another case which resembles that of the late film director, Michael Winner. In this instance, Floyd's extravagant lifestyle, combined with his lack of business knowledge, led to financial difficulties, and he was forced to declare bankruptcy for a second time in 1996 – 13 years before his death at 65, caused by a heart attack.
During his years as a TV celebrity, Floyd had to sell his three restaurants in Bristol, in order to pay off outstanding debts. In addition, he also faced financial problems with his restaurant in Provence and his pub in Devon.
Amazingly, he did not even draw up an English will until ten months before his death.
Living out his final years in Provence, Floyd will undoubtedly also have a French will, but the contents of his French estate are unknown and according to French probate law, may not be revealed publicly.
Having worked so hard throughout his life – firstly as a journalist, then an army officer and finally a celebrity chef, it is tragic that Keith Floyd never took the time to invest his money wisely and through careful estate planning, ensure that his beneficiaries would benefit as much as possible from the wealth he amassed during his lifetime.