Jackson Estate Opposes Allowance for Joe Jackson

The estate of late singer Michael Jackson has opposed a bid from his father Joe Jackson to receive a monthly allowance, stating that it would take money away from Michael Jackson's three children. Joe Jackson is seeking to get more than $15,000 each month from his son's estate. The papers that were filed fail to show that Micheal supported him while he was alive and that Michael omitted his father as a beneficiary in his will and trust. Joe filed for the monthly stipend in November claiming that he had very little income and relied on his son to help him with his living costs. He wants $1,200 per month for rent for his Las Vegas home, $2,500 to eat out, $1,000 for entertainment expenses, gifts, and vacations, $2,000 for air travel, and $3,000 for hotel expenses.

Any money that would be paid to Joe would reduce the estate's assets that are for Micheal's mother and his children. The beneficiaries of the estate are Michael's children, his mother, and various unnamed charities. Micheal's mother, Katherine Jackson, and his children are receiving more than $86,000 per month and administrators want to increase the monthly stipends.

Fight Over Steve McNair's Estate

The is currently a battle over deceased NFL star Steve McNair's estate. He did not have a will when he died and his wife Mechelle was named administrator of his estate. Steve McNair had two sons from a previous relationship and neither of the children is listed as an heir. Under Tennessee law, Mechelle suppose to get 1/3 of the estate and 2/3 suppose to be split evenly among his children. There have been reports stating that Mechelle believes that his children from the previous relationship may not biologically be his.

Singer Michael Jackson Leaves Nothing in Will To Father

The singer Michael Jackson left nothing in his will to his father Joe Jackson. Jackson left his estate, worth approximately $1 billion, to his mother, his three children, and one or more charities. The attorney John Branca currently has the will, which was signed in 2002, and has 30 days from the day that Jackson died to file it with the court.

Michael Jackson Gives Up Neverland Ranch

The singer Micheal Jackson has decided to give up the title to his Neverland ranch and transfer the deed to a company that he partly controls. He filed a grant deed on Monday on the ranch that would make the new owner an entity called the Sycamore Valley Ranch Co. Sycamore Valley Ranch Co. is a joint venture between Jackson and an affiliate of Colony Capital LLC.

Earlier this year, Jackson went into default on the $24.5 million that he owes on the property and Colony Capital bailed him out. Colony Capital is a Los Angeles-based real estate investment company that is ran by the billionaire Tom Barrack. The company also owns several properties in Las Vegas, including the Las Vegas Hilton. Neverland Ranch was called Sycamore Valley Ranch before Jackson bought it in 1988 and turned it into a miniature amusement park where thousands of children were invited to the property.

Jackson has been struggling to pay his debts to the ranch since his arrest in 2003 where he was accused of molesting a 13 year boy at the ranch. He has not been to the property since being acquitted of the charges.

Late Singer Isaac Hayes Leaves Part of Estate to Foundation in Will

In his will, the late singer Isaac Hayes left his estate to his wife, his children, and the Isaac Hayes Foundation, which supports literacy, music, and nutrition. Last week, the will was filed in Probate Court. The Commercial Appeal in Memphis reported the value and the contents of the estate haven’t been filed. Isaac Hayes died on August 10th at his Memphis home.

James Brown’s Possessions Auctioned

James Brown’s possessions are set to be appraised and auctioned to pay for taxes that his estate owes. It is not clear which items will be auctioned yet or how much the items are worth. Brown died in Atlanta in December of 2006 and his will stated that he wanted his possessions to be divided between his six adult children. His fourth wife, Toni Rae Hynie, contested the will and claims that she is entitled to half of the estate. His children are also contesting the will, which was signed 10 months before Brown died. Trustees have asked Brown’s children and Hynie to make a list of the items that they don’t want to be auctioned.

Items to Be Sold From Luther Vandross Estate

Some items from the Luther Vandross Estate will go up for auction on December 5^th and 6^th. The singer died in 2005 at the age of 54. Items that are going up for auction include a Picasso charcoal drawing, mink coats, crystal vases, his handwritten lyrics to “Love Forgot,” his army green thermoses that he drank hot tea from during his concerts, designer loafers and boots, glasses, and doorknobs. The Items come from his previous homes in Beverley Hills, Greenwich, New York City, and his tours. The worth of all of the items auctioned is between $600,000 and $800,000.