Family Wealth and Estate Planning News You Can Use

June 30, 2015

Battle to control Jackson's fortune begins

His mother took the first step Monday when she petitioned the Superior Court of California to be named the administrator of the late singer's estate. Katherine Jackson said in the filing she was acting to ensure Michael Jackson's three children are the beneficiaries.

June 29, 2009

Legal Expert and Best Selling Author Says Michael Jackson's Estate and Children Are in Trouble

Nationally known estate planning expert and best-selling author, Alexis Martin Neely, fears Michael Jackson's children may face a similar fate to Anna Nicole's daughter after learning both mothers signed away rights to the children and Michael was deep in debt at the time of his death.

June 29, 2009

LA Court Awards Katherine Jackson Temporary Custody of Michael's Kids

LOS ANGELES, California (CNN) -- A Los Angeles judge granted temporary guardianship of Michael Jackson's three children to Jackson's mother, a court official said.

June 29, 2009

Parents File Papers to Adminster Jackson's Estate

LOS ANGELES (AP) — Katherine Jackson has filed to a petition become the administrator of Michael Jackson's estate to ensure his three children are its beneficiaries.

June 29, 2009

Sale of Jackson Memorabilia May Pull Estate out of Debt

The King of Pop is dead, and now begins what could turn into a legal battle over the custody of his three children — and what remains of his once-vast fortune.

June 29, 2009

Battle over Michael Jackson’s Children, Estate is Wakeup Call for Unprepared Parents by Alexis Martin Neely

If anything good can come out of Michael Jackson’s untimely death, it would have to be the universal wake-up call to parents around the globe screaming, “You must name guardians for your children in the event of your death of incapacity!”

December 12, 2008

Surrogate Family Win 10m Widow's Inheritance

Judge rules woman knew what she was doing · Restaurant owner says life will go on as normal­ The will of a wealthy widow who left more than £10m to the owners of a Chinese restaurant who became...

January 09, 2008

Tax Secrets of the Wealthy: The sooner the better - wealth transfer shouldn't wait

Maybe I’m getting’ older, but the audiences at my tax-saving seminars seem to be getting younger.

January 09, 2008

Man who killed mother wins inheritance ruling

The Associated Press Published: January 4th, 2008 01:00 AM A King County Superior Court judge will determine whether a man found not guilty by reason of insanity after killing his mother and his brother should profit from their...

January 08, 2008

A year after his death, James Brown's estate not yet on the good foot

A year after music legend James Brown died in an Atlanta hospital, the people who surrounded him in life continue to fight over the future of his fortune and legacy. People claiming to be Brown’s relatives have entered the fray. And none of what’s become a tragicomic saga looks to be resolved anytime soon.

January 08, 2008

Rich Kid Syndrome

America's burgeoning money culture is producing a record number of heirs—but handing down values is harder than handing down wealth.

January 08, 2008

Death of 'Kiddie Tax' disappointing for parents

Many parents establish custodial investment accounts for their children. Typically, these funds are intended to be used for college. Alternatively, when the child reaches college age some parents transfer appreciated securities to the child and have the child sell the newly gifted asset in order to have that gain taxed at the child's lower tax rates. In the past there has been a potentially large tax advantage to these shifting techniques.

January 08, 2008

Paris Hilton could lose inheritance

Paris Hilton could lose out after her billionaire grandfather announced he is leaving the bulk of his money to charity.

January 08, 2008

A Burden of Wealth: Family-Office Hunting

Family offices are supposed to make life easier for the very wealthy. But these days, choosing a family office is anything but easy.

January 08, 2008

Judge will not stand down in James Brown case

AIKEN, S.C. (AP) — A judge handling James Brown’s contested fortune refused Friday to remove himself from the case despite an argument from the late soul singer’s former trustees that he forced them to resign.

January 08, 2008

Teach kids about investing, teamwork

"The first time children make decisions together about significant wealth, it is usually some time around settling the parents' estate," said Rogerson, the director of family wealth services at BNY Mellon Wealth Management. "That is a bad time for siblings to learn about making decisions as a group."

January 04, 2008

Man upset over inheritance arrested for breaking into aunt's house, assaulting gardener

ATLANTA --Police have charged a 20-year-old Virginia man with breaking into his aunt's Atlanta home after his dead father's estate was willed solely to her. Investigators say Michael Amsie - carrying a sawed-off shotgun and a knife and wearing a disguise - was trying to get his father's money and property back from Eleanor Barton, who is in her 70s, and her husband, Charles Barton, who is in his 80s.

January 04, 2008

Poor little rich girl—Paris' Misfortune

It's painfully difficult not to make easy jokes about Paris Hilton's "The Simple Life" -- or maybe her pop song "Screwed."

January 04, 2008

James Brown's Children Challenge Will

AIKEN, S.C. - Five of James Brown’s children say their late father’s will should be invalidated because his former advisers used undue influence to get him to create charitable trusts that the advisers would profit from, according to court documents filed this week.

December 21, 2007

Inheritance scam hits

The Frederick News-Post December 07, 2007By Gina Gallucci News-Post Staff   Are you getting letters from Spain regarding a distant relative’s will?The lawyer claims your relative died without a will and left $14.8 million behind. All you have to...