estate

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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...

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
Feb 2, 2010 12:25 PM CST

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...

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