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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: will

will stories: 36 news summaries

1 - 20 of 36 Stories | 1 2 Next >>

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 »

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 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 »

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 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 »

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(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 »

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(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 »

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OPINION

 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
... More »

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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... More »

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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 »

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(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 »

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(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 »

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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 »

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(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... More »

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opinion

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... More »

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Longtime Friend Testifies to Astor's Senility

Author Auchincloss told her son's lawyer she didn't recognize him

(Newser) - A longtime friend of philanthropist Brooke Astor testified yesterday that her faculties were so deteriorated the last time he saw her that she did not recognize him, the New York Daily News reports. Author Louis Auchincloss said the encounter took place 2 years before Astor allegedly changed her will, awarding... More »

Dazed Astor Didn't Recognize Jesse Jackson: Witness 

Her son also convinced her she was going broke

(Newser) - A decade before her death, Brooke Astor was so out of it that she couldn’t recognize Jesse Jackson, a prosecution witness testified today in the fraud trial against Astor’s son, the New York Daily News reports. Anthony Marshall’s defense rides on his mother’s mental state, with... More »

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Son 'Manhandled Astor to Change Will': Prosecutor

Anthony Marshall exploited mom's dementia to funnel fortune to him, says prosecutor.

(Newser) - Brooke Astor's son "dragged" his frail mom from her nurse's arms to a closed-door meeting about her will, which was immediately changed in his favor, according to the prosecutor at the heir's  fraud and grand larceny trial yesterday in New York. Anthony Marshall exploited his vulnerable mother's dementia to... More »

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Latest Astor Battle Restages 1959 Clan Fight

Greed, coercion, and senility apparently
run in the family

(Newser) - New Yorkers can be forgiven for feeling a sense of déjà vu when it comes to the latest scandal involving the storied Astor fortune, the New York Times says. Tomorrow begins the criminal trial of Anthony Marshall, the son of deceased matriarch Brooke Astor whom prosecutors allege exploited her... More »

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1 - 20 of 36 Stories | 1 2 Next >>