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Category Archives: Celebrity Probates
Dead Celebrities Can’t Take It With Them But Still Making Plenty
More evidence that estate executors can be effective business managers. Forbes provides a list of the 15 highest earning dead celebrities. Here’s an excerpt from the report. It’s been two years since Michael Jackson passed away at the age … Continue reading
Posted in Celebrity Probates, Probate
Tagged Celebrities, Celebrity Probates, Cirque du Soleil, Elvis Presley, Executors, George Harrison, John Lennon, Michael Jackson
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Steve Jobs Died Without Owing Estate Tax: A New Urban Legend?
After the death of Steve Jobs last week, opinions started circulating that he was so smart that he even knew how to avoid paying estate taxes better than anyone else. Jobs was smart and he seems to have done … Continue reading
Posted in Celebrity Probates, Charitable Giving, Estate Planning, Federal Estate Taxes, Living Trusts, Trust Funding
Tagged Celebrity Probates, Charitable Giving, Estate Tax, Steve Jobs, Trust Funding, Unlimited Spousal Exemption
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Business Succession Lesson from the Oakland Raiders
The death of renegade owner Al Davis leaves the Raider Nation looking for future direction. A big question is how to pay estate taxes. Family owned businesses can learn from the Raiders’ challenges, even though most are not large … Continue reading
Posted in Celebrity Probates, Estate Planning, Federal Estate Taxes
Tagged Al Davis, Business Succession Planning, Estate Tax, Oakland Raiders
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Nashville Songwriter Discovers Pros and Cons of Conservatorships
The expense of Celebrity Conservatorships is in the news today. The attorneys for Britney Spears’ Conservatorship are reportedly seeking $900,000 in fees. Meanwhile, Nashville songwriter Danny Tate saw his assets dwindle while regaining his rights after recovering from a drug … Continue reading
Posted in Celebrity Probates, Conservatorships, Incapacity Planning
Tagged Celebrity Conservatorships, Conservatorships
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Further Reading for Seminar on Celebrity Probates
I gave a seminar today to the Estate and Financial Planning section of the Sacramento CalCPA chapter. Thanks to Bruce Kajiwara for the invitation. Following are the links to further reading on the celebrity probates discussed in the Seminar: … Continue reading
Posted in Celebrity Probates, Estate Planning, Probate, Seminars
Tagged Celebrity Probates
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Probate Dispute Over Warhol Portrait of Farrah
The estate of Farrah Fawcett is seeing a large amount of legal wrangling. Farrah left her painting collection to the University of Texas. Ryan O’Neal has possession of a famous portrait of Farrah by Andy Warhol. O’Neal claims Warhol gave … Continue reading
Posted in Celebrity Probates, Charitable Giving, Estate Planning, Probate
Tagged Andy Warhol, Celebrity Probates, Charitable Giving, Farrah Fawcett, Personal Property, Probate, University of Texas
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Jackson Estate: $30 Million to Mother, Children & Charities
The Michael Jackson Estate reports that it has earned $310 million since the King of Pop’s death. Here is an excerpt from Forbes: The executors of Michael Jackson’s estate say they will distribute $30 million to the Jackson Family … Continue reading
Posted in Celebrity Probates, Estate Planning, Probate, Wills
Tagged Celebrity Probates, Distributions, Michael Jackson Estate, Probate
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