Tag Archives: executor

Michael Jackson living trust revealed

With so much exposure and scrutiny on everything that’s happened to Michael Jackson’s estate since he died, it should probably come as no surprise that his living trust has been leaked to the media and made public.  Wills are public documents and available for everyone to read (once they are filed with the probate court after someone dies).  Accordingly, the Michael Jackson will has been floating around for months.Michael Jackson Trial and Heirs

Trusts, however, are another matter.  Living trusts are intended to be private documents, operating outside of the court process (unless there is a dispute or challenge).

Someone decided to sneak a copy of Michael Jackson’s living trust document to the press, and a British website has the complete document online for your reading pleasure.  Click here to read the Michael Jackson Family Trust.

Note that the website mistakenly refers to this document as his “Will” — it’s actually his trust, not his will.

So what does the King of Pop’s trust reveal?

First, consistent with prior media reports, charity gets

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NY Times has interesting feature about Mark Twain’s will

Yesterday marked the 100th anniversary of the death of Samuel L. Clemens, better known as Mark Twain.  The New York Times commemorated his passing with an interesting article about his final wishes.  The reporter dug up a copy of his handwritten will from the dusty archives of the probate court in Redding, Connecticut, which Twain called home until he died.  

The Times also published copies of other probate records from his estate, including a detailed inventory that listed the property he owned at death.  The executors reported his assets to be worth $541,136.07 (give or take a few cents) as of the date of his passing.  Not a bad sum for a man who found himself broke late in life and rebuilt his fortune in the ten years before he passed.

His largest asset was “50 shares of the capital stock of the Mark Twain Company” valued at $200,000.  He owned a great deal of other stock, a 230-acre homestead, some automobiles, three horses and a cow.  The court documents

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The Redd Foxx Estate mess

There was an interesting article recently in AOL News about the Redd Foxx Estate.  The successful comedian and star of Sanford and Son (whose real name was John Elroy Sanford) died October 11, 1991.  Apparently, the Estate has no assets.  Even if it did, there’s an outstanding tax bill owed that’s a bit hefty — a whopping $3.6 million as of the day he died.  Redd Foxx estate

But the court-appointed executor for the estate is trying to change all that.  John Cahill, who is a public administrator in Las Vegas (where the estate is pending) was put in charge in 2007.  The prior administrator was Debraca Foxx, Foxx’s daughter, who was removed from her position in 2006.  Apparently, she failed to comply with a court order to account for what she had done with royalties and other monies the estate brought in under her watch.

In fact, Foxx’s widow (and fourth wife), Ka Ho Foxx, accused Debraca of stealing the money instead of paying down the tax debt.

Since Cahill took over,

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