Blues great B.B. King, who is now 89 years old and suffers from diabetes and other health problems, is the subject of a bitter dispute over management of his care and assets. The battle pits his longtime business manager, Laverne Toney, against a handful of his 11 surviving children.
King fathered and adopted a total of 15 children, from several different marriages, but four had previously died. Three recently went to court in Las Vegas trying to combat Toney in what they allege is a case of elder abuse.
Karen Williams, Rita Washington, and Patty King say that Toney is not providing proper medical care to their father, is restricting his children and friends from visiting, and that there are large amounts of money missing from King’s bank account. In fact, the family says it cannot account for more than one million dollars. The three children are seeking the appointment of an independent guardian for their father to begin making his decisions and protect him.
Toney’s legal team called the Read more...
It began with an anonymous court filing pitting “John Doe” against “Jane Doe.” It didn’t take long for Jane and John to be identified publicly as Modern Family‘s Sofia Vergara and creator of the Onion Crunch, Nick Loeb. Formerly engaged to be married, the ex-couple now is heading to court battling against each other over what could be a drawn-out debate involving the fundamental question: When does life begin?
Loeb’s attorney vows that he is committed to the battle, which may become “the first test case for Pro-Parenthood.” Vergara seeks to defend her honor and wants nothing more to do with her ex. Her lawyer said Loeb’s claims are “uncredible and hold no merit.”
What’s at stake? Control over two female frozen embryos, held in a Beverly Hills fertility center. When Sofia Vergara and Nick Loeb were engaged, they decided to use in vitro fertilization and a gestational surrogate to have a baby. Their first efforts failed when two prior embryos did not successfully implant in the Read more...
There’s nothing like a hit song to keep heirs dancing down the road to the bank — even when that song wasn’t written, composed, or sung by the celebrity singer who died.
The heirs of Marvin Gaye hit it big with a judgment against Robin Thicke and Pharrell Williams for copyright infringement based on their chart-topping song Blurred Lines … but will the victory stand up on appeal? And what exactly does this mean for the Marvin Gaye Estate?
This is installment #13 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.
The Court Gets Involved With Marvin Gaye’s Estate
Marvin Gaye’s life ended in tragedy. Then the courts got involved.
Posted by ReelzChannel on Wednesday, April 1, 2015
Marvin Gaye was shot and killed by his own father in 1984, at only 44 years of age. He left behind a golden Read more...
Marilyn Monroe left a legacy that seems to grow brighter each year. Monroe’s image and likeness were so valuable that a multi-million dollar lawsuit over her publicity rights raged on, more than fifty years after she died, until it was finally resolved by a federal court of appeals.
The second wife of Marilyn Monroe’s acting coach was in the center of it. Why did she — whom Monroe barely even knew — have control of the image and legacy of one of Hollywood’s most beloved stars ever?
This is installment #10 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.
Marilyn Monroe, whose real name was Norma Jean Baker, had a difficult childhood. Her mother struggled with mental illness, and Monroe didn’t know for sure who her father was, much less have a relationship with him. She was raised in a series of Read more...
When someone mentions Farrah Fawcett, most people think of her looks. But what about her brains — her financial savvy in particular? The actress and model who rose to fame as one of Charlie’s Angels planned well to protect her troubled son, Redmond, after she passed away. Yet all was not angelic when it came to her financial legacy.
This is installment #9 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.
Farrah Fawcett was far from the stereotypical blonde model when it came to finances. She was hired to do five seasons of Charlie’s Angels, by Aaron Spelling’s production company. After the first season hit it big, Fawcett re-negotiated for more money. Relying on the fact that she never actually signed the contract, she was able to secure an increase in per-episode salary from $5,000 to $100,000.
Fawcett’s savvy definitely came Read more...
When Robin Williams tragically committed suicide six months ago, he left behind three children from his first two marriages (ages 23 to 31) and a widow of less than three years, Susan Schneider Williams. Unlike many celebrities, Robin Williams took the time to create thoughtful and detailed estate plan, including various trusts to benefit both Susan and his three children. The trust established for his wife, called the Susan Trust, referred to and was consistent with a prenuptial agreement the couple signed in 2011 when they were married.
Because Robin Williams’ estate plan was carefully crafted, it initially appeared that his heirs would avoid the bitter family squabbles that affect many mixed-marriage families (in Hollywood and around the country). After all, it is his wishes that matter, and because those wishes were seemingly captured through the proper estate planning documents, there should be nothing left to fight about, right?
Not so fast. Within the past 24 hours, the news broke that the Williams family will not be so lucky. Susan, Read more...
Sure the holidays are a fun time for families to sit around talking about what happened on the latest episode of The Walking Dead or how granddaughter Mary is doing in dance class. But they are also a great time to have the important — yet often difficult — conversations about estate planning. What happens when Mom dies? Does anyone know where Dad kept his will? Did they ever transfer the investment accounts into their revocable living trust like they were supposed to?
Many families don’t ask these tough questions … especially when dynamics are strained, like in many second-marriage families or when siblings don’t get along well. It certainly isn’t easy to blurt out after passing the gravy, “Hey Dad, does your will put me or your wife in charge of your estate?”
But these conversations are important. When the proper estate planning isn’t done, it’s the family members left behind who pay the price, often with bitter, ugly, and costly probate court battles. They happen to families all Read more...
It has been more than twenty years since Kurt Cobain, the lead singer of Nirvana, died from a shotgun blast to his head, at age 27. His talent, passion, and creativity launched a new movement for not only rock music, but American culture itself.
Cobain was a game-changer who burned too bright — brighter than he could handle. Kurt Cobain suicide note summarized it well: “I don’t have the passion anymore, and so remember, it’s better to burn out than to fade away.”
Cobain’s death may have epitomized the burning out of a flame that grew too hot, but it sparked something else — court fights and ugly battles over his legacy that continued for almost 20 years.
This is installment #7 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.
Kurt Cobain Estate – Celebrity Legacies
His widow, Courtney Love, has been Read more...
Elvis Presley earned more than one billion dollars during his career … so why was his estate worth only about ten million dollars when he died? How did things get even worse for his heirs afterwards?
And what would Elvis Presley say about appearing as a hologram?
This is installment #6 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.
There can be no doubt that Elvis Presley truly earned his nickname as the King of Rock ‘n’ Roll. His lifetime earnings topped one billion dollars over his 25-year career — especially impressive considering this came in the 50’s, 60’s, and 70’s.
Celebrity Legacies Preview On The Elvis Presley Estate
Some of Elvis’ financial success is attributed to his manager and promoter, Colonel Tom Parker. He helped Elvis secure unprecedented movie deals — paying him top dollar Read more...
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...