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Italian Leaves Home— and Pets—to Boston

But locals plan grab for $700K estate

(Newser) - Boston just got a new piece of real estate—in Italy. An Italian man whose mother and aunt lived in Boston left his estate to the city, the Boston Globe reports. But if Beantown wants it, it's going to have to do some petsitting. “The City of Boston, MA,... More »

Hairdresser Must Return $600K Tip

Family has will of eccentric sisters overturned in court

(Newser) - It was almost one of the greatest tips of all time. A judge has ruled that a UK hairdresser must return the approximately $600,000 she inherited from two elderly sisters who were customers. The sisters' family successfully challenged the validity of the will, which had been revised by the... More »

Chihuahua at Center of $29M Estate Battle

Did Gail Posner really love her dog—or was she manipulated?

(Newser) - A dying heiress leaves her $8.3 million mansion and a $3 million trust fund to her chihuahua, so little Conchita can continue to live in the diamond-wearing, spa-going manner to which she is accustomed. Sounds like just another tale of the eccentric rich, right? But Gail Posner's son thinks... More »

Fortune of Asia's Richest Woman Goes to Charity

Billions go to trust, not her feng shui lover

(Newser) - Following a twisted series of sometimes bizarre court battles dating back to the '90s, a Hong Kong court today ruled that the $4.2 billion estate of Asia's richest woman will go to a charitable trust—and not to her feng shui master lover. Tony Chan claimed Nina Wang carried... More »

The Strange Story of Jack Kerouac's Estate

A mama's boy, a will that's a forgery, and '100 Greek relatives'

(Newser) - When Jack Kerouac died, wallowing in alcohol and obscurity, the bank estimated his estate’s value at $1. He left everything to his mother, and when she died, she left it to Kerouac’s third wife, Stella Sampas—or so everyone believed. Recently a Florida court ruled Gabrielle Kerouac's will... More »

Jackson's Mom Gets $86K a Month

Estate awards allowance while singer's affairs are settled

(Newser) - Michael Jackson’s estate pays his mother $86,804 every month, the LA Times reports. Estate administrators set up the allowance because the pop singer’s estate—worth an estimated $500 million—is so vast that settling it in court could take years. The allowance pays Katherine Jackson $26,804... More »

DJ AM Left $1M, No Will

Late DJ's mother asks to be named as sole heir

(Newser) - DJ AM died without leaving a will or any instructions on what should be done with his fortune, E! Online reports. The late DJ's mother has asked a court to name her as his sole heir, since he had no spouse or children. The 36-year-old DJ died with assets... More »

The Astor Trial So Far: High Society, Low Class

(Newser) - Meryl Gordon has a plum seat at the so-called Brooke Astor trial, in which her son, Anthony Marshall, stands accused of thievery. Complete with the crème de la crème of New York society recounting terrible things and scathing Astorisms, Gordon writes in Vanity Fair, it’s a “... More »

Cronkite Will Leaves Gal Pal High and Dry

Money goes to kids, CBS staff; daughter: 'it was about my mother'

(Newser) - Walter Cronkite left nada in his will for his opera star girlfriend, reports the New York Post. The 2005 document, written before he and singer Joanna Simon became attached at the hip, divides Cronkite's estate among his three kids and his CBS staff. The newsman’s daughter says Cronkite never... More »

Jacko Autopsy Results Under Wraps, Kids Get Biz Guardian

(Newser) - Michael Jackson's autopsy has been completed, but authorities won't release the results until after their investigation into his death has been completed, reports CNN. Detectives are investigating what role the anesthetic propofol—administered by Dr. Conrad Murphy—played in the singer's death, according to sources. Meanwhile, Jackson's three children are... More »

Daughter-in-Law Scolded Astor for Breaking Hip

Charlene Marshall berated 101-year-old in hospital: witness

(Newser) - Brooke Astor’s daughter-in-law berated the 101-year-old socialite for breaking her hip in 2003, the New York Post reports. “We had to cancel our trip to London all because of you!” Charlene Marshall groused to the hospitalized Astor, according to testimony from housekeeper Angela Moore. Anthony Marshall is... More »

In Estate Planning, Take a Lesson From MJ

He knew what he was doing—and we should follow his example

(Newser) - Michael Jackson wasn't known for his financial prudence, but he got one thing right: his estate planning, writes Jane Bennett Clark for Kiplinger. Here’s how to follow his good example:
  • Write a will: Two-thirds of Americans don’t. Jackson’s is concrete: His kids get 40% of his
... More »

Jackson's Mom Loses Court Battle Over Will

Judge sides with executors named in 2002 will

(Newser) - An LA judge shot down Katherine Jackson’s request to keep control of her son’s estate today, handing the keys instead to the executors named in Michael’s 2002 will, the LA Times reports. Katherine Jackson said she wasn’t challenging the will’s legitimacy, but argued that a... More »

Jackson Estate Goes to Family Trust: Will

Singer named Diana Ross as backup guardian for children

(AP) - Michael Jackson's 7-year-old will was filed today in a Los Angeles court, giving his entire estate to a family trust. His mother, Katherine Jackson, is named as a beneficiary of the trust and the guardian of Jackson's three young children, who are named in the will. The will names Diana... More »

Jacko's Will: His Mom Gets Kids

Family expected to file it in court today; assets going into trust

(Newser) - Michael Jackson's will calls for his mother to take custody of his three children, People reports. The family is currently reviewing the document—its very existence had been in doubt even a day ago—and is expected to file it in court today, adds TMZ. It includes no numbers, but... More »

Jackson's Public Viewing Set for Friday

(Newser) - Michael Jackson’s body will be taken to his Neverland Ranch on Thursday for a public viewing the next day at the California site, CNN reports. A private memorial service will follow Sunday. Where the singer will be buried remains unknown, though the mayor of Jackson’s hometown of Gary,... More »

Janet, Grim Joe Appear at BET's Jacko Tribute

(Newser) - The BET awards last night were turned into a  star-studded tribute to Michael Jackson, with host Jamie Foxx donning a red leather "Billie Jean" jacket and Beyonce calling Jackson "my teacher and hero." Joe Jackson, wearing a hat and sunglasses, expressed anger about the singer's death. "... More »

Jackson Finance Mess Will Take Years to Untangle

Singer left behind perplexing jumble of assets and debts

(Newser) - Michael Jackson's death has left Sony execs groaning over the jumbled state of the singer's finances, the New York Times reports. Jackson was a shrewd investor and negotiator but was prone to wild spending sprees, according to some of the many financial advisers he hired and fired. Sorting out the... More »

Battle Over Hong Kong Billionaire's Will Turns Bizarre

(Newser) - The legal battle over the fortune of late billionaire Nina “Little Sweetie” Wang has gotten a little… odd, the Wall Street Journal reports. Tony Chan, a bartender-turned-feng shui master, says he carried on a passionate 15-year-affair with the pigtailed tycoon, and that she left him everything—including her pigtails.... More »

Astor Pal Gives Jurors a Taste of the High Life

Socialite takes stand, leads 'tour' of heiress' $29M apartment

(Newser) - Socialite Annette de la Renta—clad in a cashmere dress probably designed by hubby Oscar—gave jurors in the Anthony Marshall trial a virtual tour of Brooke Astor's properties yesterday, which sparked the imagination of Joanna Molloy of the New York Daily News. "You could just read their thought... More »

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