estate

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One of Vanderbilt's Sons Said to Get Bulk of Her Fortune

She is survived by 3 sons

(Newser) - Gloria Vanderbilt is survived by three sons. And the New York Post reports one of them is getting nearly everything she had. According to a will filed Monday in Manhattan surrogate court, Anderson Cooper will inherit the bulk of her estate. Her eldest son, Leopold "Stan" Stokowski, will get...

Handwritten Will by Aretha Reveals a Surprise

The father of her first child wasn't who everyone thought

(Newser) - When Aretha Franklin died, the initial word was that she didn't leave a will . That changed in a big way with the discovery of not one, not two, but three handwritten wills in her home. The big questions now are whether they're real and, if so, whether they'...

When Someone Dies Alone, They Don Hazmats, Go In
When Someone Dies Alone,
They Don Hazmats, Go In
longform

When Someone Dies Alone, They Don Hazmats, Go In

The story of 2 public administrators, Eugene Brown, and his millions

(Newser) - "The Mystery of the Millionaire Hermit" is a story with three main sets of characters: the man who died alone in his 90s in his Corning, Calif., home in 2015; the two public administrators tasked with tracking down his will and heirs; and the heir-finding company that got in...

Tom Petty's Kids, Widow Embroiled in Court Fight

Dana York Petty battling it out with Adria and Annakim Petty over control of estate

(Newser) - It's been a year and a half since Tom Petty died , and while Variety reports a couple of his music compilations have since made their way to the public, a family feud may hold up further releases. Per court documents obtained by the Blast , Petty's widow, Dana York...

Michael Jackson Estate Now in Major Damage-Control Mode

Sony's $250M bet on Jackson now looks risky

(Newser) - The headline of an op-ed published by Bloomberg reads "Stop Listening to Michael Jackson." The piece by Ramesh Ponnuru is exactly what Jackson's estate had been hoping to avoid following HBO's Leaving Neverland documentary, in which Wade Robson and James Safechuck claim Jackson sexually abused them...

Millionaire's Family Sues When Heir Turns Out Not to Be Man's Son

Paternity test revealed no biological connection

(Newser) - What happens when a self-made millionaire leaves most of his fortune to his supposed son, only for a paternity test to reveal there was no biological relation between the two men? A lawsuit in British Columbia's Supreme Court that airs a lot of family secrets, per the CBC . Elis...

Seattle Man's Long-Planned Last Act Shocks, Delights

Alan Naiman left most of an $11M estate to children's charities

(Newser) - Alan Naiman was known for an unabashed thriftiness that veered into the comical, but even those closest to him had no inkling of the fortune that he quietly amassed and the last act that he had long planned. The Washington state social worker died of cancer this year at age...

Judge Has Bad News for Hawaiian Princess

Abigail Kawananakoa is deemed mentally incapable of managing her trust

(Newser) - A judge ruled this week that Hawaiian "princess" Abigail Kawananakoa isn't mentally capable of handling her $215 million fortune—the latest development in a saga of aging royalty and alleged abuse, the Guardian reports. Kawananakoa, 92, who descends from the royal family that once ruled the Hawaiian kingdom,...

Inventor of Voicemail Says Everything Must Go

Scott Jones is throwing a serious estate sale

(Newser) - Tech titan Scott Jones, best known for inventing voicemail and founding the search engine ChaCha, is moving on. The Indiana native has spent most of the past two years in Hawaii, and now he's decided to sell the Indiana house, which he has been renting out on Airbnb, for...

Most Money From Madoff's Sons' Estates Will Go to Victims

Estates reach $23M deal with government

(Newser) - Victims of Bernie Madoff's Ponzi scheme will divvy up $23 million from the estates of his two sons. The estates of Mark Madoff, who killed himself in 2010, and Andrew Madoff, who died of cancer in 2014, reached a deal with the US government—eight years in the making—...

There's No Will for Prince's Estimated $200M Estate

Which means it will likely be split among all of his siblings

(Newser) - It's not really a surprise that Prince was worth a whole lot of money when he died in April, but now there's a number on it. The singer's estate is estimated to be worth $200 million, per a court filing, which is about half of what David...

Prince's Paisley Park: Future Tourist Attraction?

Trustees hiring 'monetization' experts

(Newser) - Prince is dead, but his estate is "a dynamic, wide-ranging business enterprise," a lawyer for the trust overseeing his assets declared at a court hearing in Minnesota Wednesday. The judge granted the Bremer Trust permission to hire entertainment and "monetization" experts to look at ways to keep...

Seattle Couple Leaves Entire Fortune to 'America'

Perhaps they wanted to say 'thank you' with their $847K gift

(Newser) - The US government is $847,215.57 richer thanks to an extraordinary gift from an immigrant couple. Peter Petrasek escaped Czechoslovakia during World War II and met and married his wife Joan, an Irish immigrant, in Canada. The pair made Seattle their home in the late 1950s. Joan died in...

Negotiations Over Reclusive Heiress' Estate Collapse

Will of Huguette Clark set to go to trial

(Newser) - A settlement was said to be near in the matter of Huguette Clark's $300 million estate , but negotiations have broken down, according to some of the 60 lawyers involved. That means the fate of the reclusive heiress' fortune will likely be determined at a jury trial starting a week...

Poisoned Lotto Winner's Family Fighting Over Check

Court documents reveal dispute around Urooj Khan's estate

(Newser) - The plot has thickened in the case of poisoned lottery winner Urooj Khan. Court documents reviewed by the AP reveal that Khan's death has led to a bitter fight amongst his survivors over his estate—including his still uncashed $425,000 lotto check. Because Khan died without a will,...

TMZ: Janet Called Paris a 'Spoiled Bitch'

Michael Jackson's kids refuse to leave grandma's home

(Newser) - We know police came to Katherine Jackson's California home to investigate a reported assault . Now there's video of a confrontation between family members—and it's not pretty. Janet and 14-year-old Paris Jackson go at it outside the Calabasas home, with Janet making a grab for Paris' cell...

William's 30th Birthday Present: $16M

He can access princely sum from mom next month

(Newser) - Life will soon be even sweeter for Prince William and his popular Princess Kate. Wills is about to inherit as much as $16 million from the estate of his late mother. "It will be quite a handy sum if he wants to buy his and Kate’s first family...

Whitney Leaves It All to Daughter

Money to be placed in trust for Bobbi Kristina

(Newser) - Whitney Houston left her entire estate to her 19-year-old daughter. An undisclosed amount of money will be placed in trust until Bobbi Kristina Brown turns 21. She'll receive a portion of the inheritance then, more at the age of 25, and the rest at 30. The trust administrator—the...

Reclusive Heiress' Estate Mess Gets Messier

Huguette Clark's attorney, accountant suspended from administering estate

(Newser) - Reclusive heiress Huguette Clark's life was shrouded in mystery—and now, more intrigue. A New York City judge yesterday suspended her lawyer and accountant from administering her $400 million estate —taking away the $8 million payday they'd each receive as executors. Though both deny wrongdoing, the surrogate...

Einstein Grandkid Seeks Bobblehead Profits

University sucking up millions in tchotchkes, not sharing

(Newser) - There's nothing relative about it: Albert Einstein's granddaughter is sick and tired of being cut out of the profits from postcards, Halloween masks, and crazy-haired bobblehead dolls of the famous genius. Einstein left the literary rights to more than 75,000 papers and other items to the Hebrew University of...

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