Friday, June 15, 2012

Paterno family releases will of PSU coach

BELLEFONTE, Pa. (AP) -- Joe Paterno's will left his personal property to his wife, Sue, and established a trust for the remainder of his estate.

The documents released by the family Thursday to The Associated Press include the original seven-page will filed in 1997. The material did not state how much Paterno or his estate were worth.

The Hall of Fame football coach died of cancer in January at age 85, less than three months after being ousted by university trustees in November as part of the fallout over the arrest of retired defensive coordinator Jerry Sandusky on child sex abuse charges. The family released the will the same day Sandusky's trial wrapped up its first week in Centre County court.

The (Wilkes-Barre) Citizens' Voice reported Sunday that Paterno's will had been sealed by a county judge in April upon request of the estate.

"The request was entirely appropriate and totally consistent with the actions of other prominent individuals," the family said in a statement issued through a spokesman. "The only objective was to preserve a measure of privacy for Sue Paterno, their five children, 17 grandchildren and other family members.

"In an effort to ensure maximum transparency and eliminate unfounded speculation, the family has decided to make the will publicly available," the family added. They said they would petition the court to unseal all future filings.

Sue Paterno was named "personal representative" of the will. The family also released a two-page codicil -- or amendment -- filed in 2010 that named the Paternos' daughters Mary Kay and Diana, in that order, as the personal representatives if their mother was unable to do so.

Paterno began working at Penn State as an assistant coach in 1950 before being promoted to head coach in 1966. He held Division I records for head-coaching tenure at one school and career victories, with 409.

He typically shied away from media questions about his salary and compensation. But the university was compelled to release his salary in 2007 after losing an open records lawsuit.

The school's 2011 filing valued Paterno's compensation at just more than $1 million.

Paterno's family last month released details of his state pension, valued at $13.4 million for his 61-year career at Penn State. At the same time, the family also said last month it planned to donate $1.5 million to Penn State-related and State College-area charities.

The university in April announced it had agreed to provide millions in payments and benefits to Paterno's estate and family under the late coach's employment contract. Included were four checks worth a total of more than $3 million to cover the season, bowl game and entire career, the university said. Despite the payout, the Paternos did not sign away their right to sue, the family's lawyer said.

(Copyright (c) 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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