There is no doubt about the greatness of Reverend Martin Luther King, Jr. Unfortunately, his estate planning wasn’t so great. In fact, King made a mistake that too many people make everyday in our country … he procrastinated with his legal planning and died without a will. Though no one can anticipate a tragic assassination like MLK’s, the reality is no one is promised tomorrow. Every adult should have at least a basic will.
In large part because of this, his legacy has been marred by fighting among his children over the handling of his estate, including claims of secrecy, mismanagement and misappropriating assets. Years ago, MLK’s heirs formed a corporation to manage King’s estate, but then they fought over control over the corporation. You can read Trial & Heirs’ coverage of the lawsuit between the King children here. Luckily, the heirs were able to reach a settlement and ended that round of fighting.
But, that doesn’t mean the court battles have ended. The corporation which operates the estate Read more...