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Celebrity Legacies: Whitney Houston No Stranger To Estate Trouble

Whitney Houston's fortune bounced from sky-high to significant debt.  What did this mean for her estate?  And was it money — or something else — behind Whitney’s ugly legal battle with her “step-mother”?  Whitney_Houston_performing_on_GMA-300x231

How exactly does Bobby Brown fit into all of this?

This is installment #4 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.

Before Whitney Houston unexpectedly drowned in a Beverly Hills hotel bathtub at age 48, on February 11, 2012, rumors circulated that she was in such financial trouble that she was nearly broke.  She reportedly died $20 million in debt.

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Will Robin Williams' Estate Be Broke?

The initial shock of Robin Williams’ tragic death, apparently from hanging himself, is giving way to reflections of his memory and legacy. Another question many people are asking is what happens next for his family and his estate. He was survived by his third wife, Susan Schneider, to whom he was married for three years, and three adult children from his prior two marriages, whose ages range from 22 to 31. There is a realistic fear that Williams’ death left may have left them in financial distress.   Robin Williams

In an interview with Parade Magazine in 2013, Williams lamented how he was required to change his lifestyle because of how much he lost in his two divorces (reportedly, $30 million). He said he returned to TV because of “bills to pay.” Williams also admitted to listing his Napa Valley estate for sale because he could no longer afford it.

Robin Williams‘ publicist recently said that he was not in financial trouble and his comments were not to be taken seriously. Regardless of whether his publicist is trying to protect his image, or if Williams was being truthful in the interview, Robin Williams family members will be far from destitute.

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Jim Morrison's Estate And Legacy Marred By Probate Fights

Who opened the door to battles over the Jim Morrison Estate?  Who won ... and what did they win when the dust settled?  And does drinking your loved one's blood constitute a valid marriage ceremony?Jim_Morrison

This is installment #2 of our weekly 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.  

Legendary Doors singer Jim Morrison died young at just 27 years of age, in 1971, from a heroin overdose. While his estate had limited cash when Morrison died, the assets in his estate became worth around $80 million.

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Lou Reed's Estate Teaches A Lesson In Trust Planning

I guess we shouldn't be surprised.  After all, Lou Reed was the man who famously crooned, “Hey babe, take a walk on the wild side.” The late lead singer and guitarist of The Velvet Underground -- and of course, a musician and songwriter with a successful solo career -- may have been a bit wild at times. But that doesn't explain why he would be so careless with his estate plan.   Lou-Reed

Recent filings with the Surrogate's Court in Manhattan show that Reed's estate has already earned more than $20 million since he passed away from liver disease at the age of 71, on Oct. 27. This is only the income that Reed's estate has brought in since his death, primarily from royalties.

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Whitney Houston's Family Is Fighting - Is Estate Money To Blame?

Whitney Houston’s family has been through its share of disagreements since the pop diva passed away on February 11, 2012.  Early on, there was trouble at the funeral, sparking concerns of a feud with Bobby Brown.  Recently, however, the trouble has centered around Nick Gordon.  Gordon was raised and treated like a son by Whitney Houston, from the time he was 12 years old. Whitney-houston-bobbi-kristina-brown-148x300

Rather than looking at Whitney Houston's Daughter, Bobbi Kristina Brown, as a sister, Gordon (now age 24) and Bobbi Kristina (who just turned 21) have recently gotten married.  The tabloids are having fun with that relationship!  Whitney’s mother, Cissy Houston, reportedly called the relationship “incestuous” when they were dating.  Now that they are actually married, TMZ says Cissy was furious, but she hasn’t spoken publicly about it since then.

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Access Hollywood Explores Britney Spears Conservatorship

Access Hollywood featured a segment about the Britney Spears Conservatorship. The show examined how the successful entertainer can headline a new multi-million dollar Las Vegas show and mentor young singers as an X Factor Judge, yet not be deemed competent enough to manage her basic life decisions like food, clothing and shelter.

Danielle and Andy Mayoras of Trial & Heirs served as experts for the segment. After watching the segment, what do you think?  Does Britney Spears still need the protection of a conservator — almost six years after the legal proceeding started — or is this all about the money? Watch Access Hollywood‘s segment on the Britney Spears Conservatorship:

 

By Danielle and Andrew Mayoras, co-authors of Trial & Heirs: Famous Fortune Fights!  For the latest celebrity and high-profile cases, with tips to protect yourself, your loved ones, and your clients, click here to subscribe to The Trial & Heirs Update.  You can “like” them on Facebook and follow them on Twitter and Google+.

For legal help in Michigan, visit Danielle and Andy's law firm.


Was The Michael Jackson Jury Verdict Wrong In Ruling For AEG?

Last week's jury verdict sent shock waves through Michael Jackson fans who were hoping to see concert promoter AEG Live held at least partially responsible for Michael Jackson's death.  Many expressed outrage at the verdict.  At first blush, the jury verdict does seem odd.  Michael-jackson

The jury was charged with answering 16 questions, in order, given to them on a jury verdict form.  If they answered any one of the first few questions in the negative, then AEG Live would prevail and there would be no need to answer the remaining questions.

The jury unanimously answered the first question in favor of the Michael Jackson heirs:  AEG Live did hire Dr. Conrad Murray, the jury determined.  This was a hotly disputed issue, with AEG Live arguing that Michael Jackson had hired the doctor himself.  Michael Jackson's legal team cleared that first hurdle.

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