The co-trustees of a family trust created by the late composer of the scores for the films “Titanic” and “Avatar” have filed court papers asking that the trust be modified to protect the interests of his surviving daughter.
Sara Horner, widow of James Horner, and co-trustee Matthew Fishburn say the current provisions of the trust do not operate to the benefit of Emily Horner, who “does not have any experience in dealing with financial matters.”
Emily Horner recognizes her lack of sophistication in managing money and has agreed to make all distributions to her discretionary with the co-trustees, according to the petition filed Monday. The composer’s other daughter, Rebecca, died July 14 and had no children.
The value of the Horner family trust is “considerably larger” than James and Sara Horner anticipated when they created it in 1997, mainly because of the “enormous success” of the “Titanic” and “Avatar” films directed by James Cameron, the petition states.
James Horner, 61, died when the plane he was piloting crashed in the Los Padres National Forest in Ventura County in June 2015.
A hearing on the petition is scheduled for Dec. 6.
–City News Service