estate

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Death Turns Jackson From Bust to Boom

'Tasteful yet profitable' marketing of singer's death rakes in $1B

(Newser) - Estate of Elvis Presley, watch out: You may yet be eclipsed by Michael Jackson. Jackson died on the brink of financial collapse, but a year later his estate is booming. Last year he sold 8.3 million albums in the US—more than any other artist—and the posthumously released...

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...

Fortune of Asia's Richest Woman Goes to Charity
Fortune of
Asia's Richest Woman Goes
to Charity
crazy court battles

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...

Beach Boy Wilson to Complete Gershwin Songs

Project a 'weird dream come true' for fans of 2 seminal American composers

(Newser) - Beach Boys songster Brian Wilson will put a gloss on unfinished tunes by revered Jazz Age composer George Gershwin. Gershwin’s estate tells the Los Angeles Times that dozens of fragments, from “a few bars to some almost finished songs and everything in between,” have been in limbo...

FBI Investigated Anna Nicole in Murder Plot

Smith questioned over murder-for-hire plot during J. Howard Marshall estate fight

(Newser) - When Anna Nicole Smith’s rich-but-ancient husband died, she publicly fought his son for his estimated $550 million fortune—and the AP just obtained records showing the FBI investigated Smith for possibly trying to have that son killed. During the 2000-2001 investigation, a gun, a knife, and—inexplicably—a black...

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...

Judge OKs Jackson Merchandising Deal

(Newser) - A judge has approved a deal that will bring more Michael Jackson merchandise to store shelves. The judge heard from attorneys for Jackson's mother, Katherine, the current administrators of Jackson's estate and a newly appointed attorney for the singer's three young children. The merchandise agreement allows for items such as...

Jackson On Course to Out-Earn Elvis

(Newser) - Michael Jackson's estate is bigger and healthier than it's ever been, the New York Times reports. A little over six weeks after his death, the late singer has raked in $100 million through merchandising and movie deals, and will likely earn another $100 million more before the end of the...

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...

Farrah Left It All to Redmond

(Newser) - Farrah Fawcett left the vast bulk of her estate to her troubled 24-year-old son, Redmond, and nothing to Ryan O'Neal, sources have told KTLA-TV. Most of her $6 million estate was left in trust to Redmond in the will, which Fawcett updated in 2007. The fund will be controlled by...

Jacko Estate Worth Millions After All

Recovered cash can put food on family's table: executors

(Newser) - Michael Jackson's estate is $5.5 million richer than previously thought and may remain solvent despite $400 million in debt, E! Online reports. Recovered from Jacko's former advisers, the cash and "tangible personal property"—along with new deals worth "tens of millions of dollars"—can pay...

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
...

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...

Defense Lawyer Fights Back With Astor Jewels

Pal accepted gifts of bling from woman she says was senile

(Newser) - When it comes to bling, “Brooke Astor makes Ludacris look like a rank amateur,” writes Joanna Molloy of the New York Daily News. Defense lawyer Ken Warner put those jewels center stage yesterday, questioning Annette de la Renta, a key prosecution witness, on why she accepted a $100,...

Astor Pal Gives Jurors a Taste of the High Life
Astor Pal Gives Jurors a Taste
of the High Life
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 thought...

New Site Helps Control Your Digital Legacy

(Newser) - How much is your digital self worth to you? At least one new website is betting it’s enough that you might want to pass on that value after you die, Mashable reports. Legacy Locker, which launches today, allows you to designate caretakers to take control of your YouTube videos,...

Jade's Funeral Date Set
 Jade's Funeral Date Set 
GOSSIP ROUNDUP

Jade's Funeral Date Set

Plus, Rihanna house hunts, and more

(Newser) - The funeral for Jade Goody, the British reality star who died of cervical cancer, will be held April 4, the BBC reports. A funeral procession will go from her house to a nearby church. Elsewhere:
  • Rihanna was spotted house-hunting yesterday in the Hollywood Hills, the Sun reports.
  • Struggling-for-cash Lindsay Lohan
...

MLK's Kids Fight Over Letters
 MLK's Kids Fight Over Letters 

MLK's Kids Fight Over Letters

Judge orders Bernice to bring unpublished papers to court

(Newser) - Legal battles among Martin Luther King Jr's children drag on, this time over who gets mom and dad's unpublished correspondence. Yesterday, a judge ordered youngest daughter Bernice, the administrator of Coretta Scott King's estate, to bring to court letters and photos that sit at the heart of a disputed $1....

MLK Children: Lawsuit Defends Dad's Legacy

Accusations fly as estranged siblings take dispute public

(Newser) - Martin Luther King's children are blaming each other for the uncharacteristically public standoff that led two of them to sue the third over management of their father's estate, the Atlanta Journal-Constitution reports. The deaths of the family peacekeepers, mother Coretta and sister Yolanda, helped expose the rift. "Strong parents...

Medical Bracelet With Soul Sells for $32K

James Brown's goods sell for $850K at controversial auction

(Newser) - The personal belongings of James Brown sold for $850,000 at a bittersweet Christie's auction yesterday, E! Online reports. Letterman bandleader Paul Shaffer provided the day's surprise by shelling out $32,500 for the medical bracelet Brown was wearing before he died on Christmas Day in 2006; the estimate had...

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