James Brown and The Big Payback
Posted Dec 28th 2007 7:47PM by <A href="http:///" deborah-owens? bloggers ? . $GLOBALS[HTTP_HOST]>Deborah Owens
It has been over a year since James Brown died on Christmas Day 2006. How he got that legendary scream to come out of his diminutive body remains a mystery and I'm sure he wants to let out loud noise from the grave watching his family fight over his fortune.
Five of his children want his will to be overturned because all he left them were household items. His wife and former backup singer was kicked out of his house and fighting for half of his assets as well. Who said you couldn't speak from the grave?
Unlike many famous people the Godfather of Soul handled his business and avoided probate by having a will and charitable trusts established which determined how his fortune should be distributed upon his death.That didn't stop the family from acting up because they believed he couldn't possibly want to leave all that money to the less fortunate and needy children of Georgia and South Carolina. It's a dirty crying shame because if they aren't careful the legal fees will have the attorneys laughing all the way to the bank.
James Brown's estate is estimated to be worth 85 million dollars when you account for the royalties the estate will be paid from his hit songs like---Super Bad, Say It Loud, It's a Man's World and the list goes on. The man had a will and the only way it can be contested is if he was either unduly influenced by his advisors or incompetent. According to reports before his death Mr. Brown was still holding it down in front of audiences which will make it difficult to convince a judge otherwise.
This is a prime example of why everyone needs a will. Mr. Brown had attorneys draw up his will however if your estate isn't worth several million you can use a boiler plate template to draw one up and have a witness sign it. Visit Find Forms to see several variations. You can also establish a living trust which will allow you to have your assets administered for your benefit while you are living and the assets distributed upon you death.
I can hear James Brown singing "Papa Don't Take No Mess" right about now.
Five of his children want his will to be overturned because all he left them were household items. His wife and former backup singer was kicked out of his house and fighting for half of his assets as well. Who said you couldn't speak from the grave?Unlike many famous people the Godfather of Soul handled his business and avoided probate by having a will and charitable trusts established which determined how his fortune should be distributed upon his death.That didn't stop the family from acting up because they believed he couldn't possibly want to leave all that money to the less fortunate and needy children of Georgia and South Carolina. It's a dirty crying shame because if they aren't careful the legal fees will have the attorneys laughing all the way to the bank.
James Brown's estate is estimated to be worth 85 million dollars when you account for the royalties the estate will be paid from his hit songs like---Super Bad, Say It Loud, It's a Man's World and the list goes on. The man had a will and the only way it can be contested is if he was either unduly influenced by his advisors or incompetent. According to reports before his death Mr. Brown was still holding it down in front of audiences which will make it difficult to convince a judge otherwise.
This is a prime example of why everyone needs a will. Mr. Brown had attorneys draw up his will however if your estate isn't worth several million you can use a boiler plate template to draw one up and have a witness sign it. Visit Find Forms to see several variations. You can also establish a living trust which will allow you to have your assets administered for your benefit while you are living and the assets distributed upon you death.
I can hear James Brown singing "Papa Don't Take No Mess" right about now.
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