Even though Michael Jackson’s father was not included as a beneficiary in his will or trust, it hasn’t stopped Joe Jackson from trying to intercede in the legal proceedings surrounding the estate. First, he asked the judge to remove estate executors John Branca and John McClain.
The probate judge dismissed his claims, saying he lacked “standing” in the estate because he was not a beneficiary. In other words, he did not have enough of a financial interest in the estate to be able to legally complain about who was in charge.
Recently, Joe Jackson filed an appeal of that decision, arguing that he was financially dependent on his son while he was alive, so he did have enough of an interest to attack the executors.
This argument is a long shot, at best. Joe Jackson requested an allowance from the estate initially, but he recently withdrew that request. More importantly, Michael did not choose to leave any of his assets to his father, so even if he supported his Read more...
We are consulting for a new television pilot called “Estate Wars,” which involves families fighting or in conflict over personal effects (antiques, coin collections or jewelry) after a loved one passes away. The goal of the show is to have the conflict resolved with the help of an appraiser and mediator.
If you know any families involved in a conflict like this that would be interested in being on TV, please have them contact us at email@example.com
as soon as possible. The pilot is being produced for a top-ranked national cable station by the Emmy Award winning production company behind “Storm Chasers”, “The Rachel Zoe Project”, and “LA Ink”.
By Andrew W. Mayoras and Danielle B. Mayoras, co-authors of Trial & Heirs: Famous Fortune Fights! and husband-and-wife legacy expert attorneys. As educators across the United States through speaking engagements, print, broadcast, and social media, Danielle and Andrew consistently draw rave reviews and are in high demand. Email them at firstname.lastname@example.org. Find us on Facebook!
It’s been a relatively-quiet couple of months in the Gary Coleman estate, after the two weeks of craziness that followed his sudden death on May 28, 2010. It looks like that’s about to change.
A short recap: Coleman’s ex-wife, Shannon Price, used her medical power of attorney document to terminate Coleman’s life support, which upset his estranged parents. They then filed to open his estate, saying he died without a will, and stopped Price from planning his funeral.
But there was a will. Coleman’s ex-manager, Dion Mial, came forward with a 1999 will naming him as the executor in charge. But wait!
There was a later will, in 2005, naming Coleman’s female friend and former companion, Anna Gray as the one to be in charge of his estate. So she’s in control, right? No!
Price says she has a handwritten amendment to the will, from 2007, naming her as the executor and the beneficiary. She claims Coleman actually wanted her to inherit everything, even though they were divorced in 2008. Read more...
Dr. Albert Barnes built one of the most impressive art collections ever owned by a private individual. Its value was estimated to be more than 25 billion dollars. The controversy surrounding the collection decades after Dr. Barnes died rocked the art world.
This is the second installment of a two-part series covering the controversy. You can read Part I here to learn how Dr. Barnes’ detailed wishes to safeguard the collection in a building he chose, as expressed in his trust document, were completely thwarted by Philadelphia’s art “elite”, whom Dr. Barnes despised until he unexpectedly died in 1951.
Many current and former students and teachers of the Barnes Foundation, along with neighbors and the local township and county governments, banded together to try to protect Dr. Barnes’ vision. They formed the Friends of the Barnes Foundation (which has a very informative website).
The Friends of the Barnes Foundation were determined to stop the trustees of the charitable trust from ignoring Dr. Barnes’ wishes and moving his prized art Read more...
The powerful story surrounding the legacy of Dr. Albert C. Barnes and his historic art collection was captured in a documentary released on DVD last week, called The Art of the Steal.
While this isn’t the typical way we track down stories, it certainly was highly entertaining. The Art of the Steal is a must-watch; it’s not only moving and compelling, it is thoroughly enjoyable.
So who was Dr. Albert Barnes? Raised in a Philadelphia working-class family, he found extraordinary wealth by inventing a new antiseptic medicine to treat and prevent venereal diseases at the start of the 20th Century. He used his wealth to build what is widely considered to be the greatest collection of post-impressionist art ever assembled. It includes hundreds of works by masters like Renoir, Cezanne, Matisse, Monet, Picasso, Van Gogh . . . and on and on. The collection has been valued at 25 to 30 billion dollars, at least.
Dr. Barnes was certainly anything but conventional. He deeply disliked the art community Read more...