When John Lennon of the Beatles was tragically murdered in 1980, his controversial widow, Yoko Ono, took charge of his legacy and his fortune … but where did that leave his two sons? As arguably the most successful songwriter of all time, what did Lennon leave behind?
And what did the King of Pop have to do with John Lennon’s legacy?
This is installment #5 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts. See other articles in the series here.
He famously sang “All You Need Is Love.” When it came to leaving money for his first-born son, John Lennon must have had that song in mind, because he apparently didn’t believe that Julian needed money. In fact, according to Lennon’s first wife, Julian’s mother Cynthia, the man known as the “cool” Beatle was a cruel negotiator during their divorce. Cynthia says he refused to give more than 75,000 Read more...
Only a very few pop artists enjoyed careers as diverse, colorful, and successful as David Bowie. He remained fascinating and on the cutting-edge, up until the very end, in ways that extended far beyond making music.
Bowie, whose real name was David Robert Jones (and who didn’t want to be confused with Davy Jones), passed away from liver cancer a mere two days after the release of his latest album, Blackstar, on his 69th birthday. Knowing that his cancer was terminable, many people believe Bowie intended his last album — featuring lyrics about mortality — to be a farewell. In fact, the tract, Lazurus, begins with the line, “Look up here, I’m in heaven,” and ends with, “Oh, I’ll be free … Just like that bluebird … Oh, I’ll be free … Ain’t that just like me?”
It’s fair to say there was no one else like David Bowie. He was truly one-of-a-kind, from his iconic music, various personas, and his ever-adapting image, to his finances.
David Read more...
We all know about the estates of Michael Jackson and Anna Nicole Smith, right? But what about Elizabeth Taylor, John Lennon, Marilyn Monroe, Heath Ledger, Elvis Presley, and John F. Kennedy, Jr.? This week, the Reelz Channel premiered a new television series called Celebrity Legacies. The documentary series explores a different celebrity each week, discussing their legacies, estates, and what they left behind: Feuding heirs? Mounting debt? Or a golden legacy glittered with fame and fortune?
The premiere episode delved into James Gandolfini. The late Soprano’s star died shockingly in 2013, leaving behind two young children — from two different marriages — and an estate plan that was, well, not exactly perfect.
We appear on each of the 26 episodes of Celebrity Legacies, providing legal and financial commentary and analysis. On the premiere, we talked about how James Gandolfini’s will was initially done as a Band-Aid measure, after his daughter was born. Instead of using a revocable living trust to keep his affairs private and outside of probate Read more...