Back


  • Free newsletters - Wealth Advisor, Breaking News and More
  • Earn Free CE Credits
  • Free Seminars and Podcasts from Industry Experts
  • Access our Discussion Boards

BlogsTrial and Heirs

James Brown Squabble Highlights Importance of Proper Estate Planning

By Danielle and Andy Mayoras
August 30, 2011
¦
Advertisement

The so-called “Godfather of Soul” passed away on Christmas Day 2006, and generously left his $100 million fortune to a special trust set up to help poor and needy children. Yet, four-and-a-half years later, not one child has seen a cent. Why?

The court battle over his final wishes has dragged on…and on…and on as court fights often do. While most estate fights are devastating for family members, both emotionally and financially, this one has affected many more -- those that needed help the most. 

How did this happen?

James Brown passed away with at least nine children, three ex-wives and a woman who may or may not have been his widow. This woman, Tomi Rae Hynie, was technically still married to another man when she tied the knot with James Brown (although that marriage was later annulled, reportedly).  

Hynie also had a child named James Brown, II, which may or may not have been fathered by Brown. Further complicating the estate, Brown never updated his will or trust during his five-year marriage to Hynie, so it was unclear if he did or did not want to include Hynie or his new son.

Many feel that Brown’s wishes were clear however, and those wishes did not include his family.

As a recent article in Rolling Stone Magazine pointed out, his former attorney and a former producer who used to work with him both publicly claim that he only wanted his wealth to help needy children, not his own children.  

His widow and adult children feel otherwise, though, so they have been battling to receive a share of his family fortune.

The case seemed to reach a conclusion, designed to prevent a lengthy and expensive fight, back in early 2009. At that time the Attorney General’s office of South Carolina and the family struck a settlement, giving the family a 50% share in the estate. Hynie was to get about one-quarter and another quarter was to pass to all of the children (including James Brown II, who was agreed to be Brown’s son).  

Brown’s charitable intent was slashed in half.

Did that resolve things? Not even close.  

Two of Brown’s former trustees, who had been removed from administering the trust, appealed the probate judge’s decision to approve the settlement, arguing that Brown’s intent was clear and the estate planning documents he signed -- including the trust he established for poor children -- had never been found to be invalid. That appeal is now with the South Carolina Supreme Court.

And one of Brown’s former producers, Jacqueline Hollander, also sued to stop the settlement. She claimed that Brown had created a partnership with her to allow her to manage the trust for needy and poor children. She also alleges that he had assigned all of his assets into the trust.  She says she has undeniable proof, including Brown on videotape affirming his desire to benefit poor children through this trust.  

Hollander permitted the Rolling Stone writer to review all of her evidence, and together they gave a recent radio interview and explained how Brown’s wishes were clear -- he wanted poor children to benefit, not his own children.  

In fact, they pointed out that Brown’s relationship with his children had grown so distant in his final years that they had to schedule an appointment to see him.

Unfortunately for Hollander, her lawsuits haven’t gone well.  

She first sued, twice, in Illinois where she said the partnership was created, but those cases were thrown out. She then tried federal court in California, which also dismissed the case not once but twice, because she sued in the wrong court, the judge ruled. This last dismissal happened just recently and Hollander has already appealed the decision, still fighting desperately to enforce what she believes were Brown’s clear wishes.

It remains to be seen whether Hollander’s efforts, or the appeal in South Carolina which also seeks to have all of Brown’s money pass to charity and not his family, will be successful.  

But what cannot be questioned is that the legal fees, lost time, and court costs expended in these fights mean that if the poor and needy children that Brown wanted to help ever do benefit from his estate, it will be much less -- and much later -- than Brown ever could have imagined.

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to IAG Blogs, please use the form below to login. When completed you will immeditely be directed to post a comment.

Forgot your password?

Not Registered?

You must be registered to post a comment. Click here to register.

Blog Archive

Reese Witherspoon Bigamy Case Serves as Cautionary Tale for Advisors, Clients

Legacy expert attorneys Danielle and Andy Mayoras say advisors can point to the bigamy scandal surrounding actress Reese Witherspoon’s family as yet another example of why it’s so important for clients to have their estate planning and legal affairs in order.

Don't Let Your Wealthiest Clients Overlook Their Estate Planning

Legacy expert attorneys Danielle and Andy Mayoras say even the most savvy and successful entrepreneurs are counting on their financial advisors to protect their life’s work and legacy after they’re gone. Are you up to the task?

How Does Tupac's Hologram Relate To Your Clients' Estate Planning?

Legacy expert attorneys Andy and Danielle Mayoras say your clients have names and reputations that will live on after they’re gone. The estate planning guidance you provide them now will ensure their legacy and wishes are protected for generations to come.

Archie Comics Power Struggle Provides Valuable Succession Planning Lessons

Legacy expert attorneys Danielle and Andy Mayoras say the legal battle between two feuding CEOs provides yet another example of why it’s so important for advisors to make prudent succession planning decisions as their firms grow and evolve.

Amy Winehouse: A Good Lesson to Share With Clients Who Don't Have a Will

Legacy expert attorneys Andy and Danielle Mayoras say that contrary to preliminary reports, British songstress Amy Winehouse did not have a will in place at the time of her death—an estate planning mistake that advisors and their clients can’t afford to make.

Zsa Zsa Gabor Court Fight Spotlights Intrafamily Wealth, Guardianship Battles

Legacy expert attorneys Danielle and Andy Mayoras say planners with clients whose families are involved in this type of legal struggle over an elderly parent should keep in mind that there are two sides (at least) to every story, and allegations of a parent’s care or finances being compromised are not always easy to prove.

Whitney Houston’s Will: A Crying Shame

Legacy expert attorneys Andy and Danielle Mayoras – along with everyone else – have now had a chance to take a look at Whitney Houston’s will. That the deceased music superstar opted for a will rather a living trust points to some shortcomings in her overall estate planning strategy.

Britney Spears' Conservator Did It Again

Legacy expert attorneys Andy and Danielle Mayoras say the pop star's been very busy lately but it remains unclear what – if any – decisions she’s making herself and illustrates the importance of informed legal and estate planning regardless of your station in life.

Whitney Houston's Funeral Suggests Trouble For Her Estate

Legacy expert attorneys Andy and Danielle Mayoras say it won’t be long before the recently deceased pop star’s estate planning efforts – or lack thereof – will come to light.

Can Florida Millionaire Justify Adopting His Girlfriend?

John Goodman's lawyer states that the adoption was done to protect Goodman's children, not to shield assets from the family of the slain driver who is suing him. While Goodman, of Palm Beach, has been bashed across the country for his legal maneuver, it actually makes sense from a probate law perspective.

Broke or Not, Whitney Houston Now Understands Value of Estate Planning

Legacy expert attorneys Andy and Danielle Mayoras say most of music diva Whitney Houston’s purported financial woes could have been averted had she and her family sought out and received professional financial and estate planning advice before things turned sour.

Etta James Saga Illustrates Need for Thoughtful Estate Planning

Legacy expert attorneys Andy and Danielle Mayoras say it’s not too late to help your clients tackle an issue that should be among their most important resolutions in the New Year: estate planning.

Estate of Richard Pratt, Paper Products Billionaire, Defeats Mistress In Court

Legacy expert attorneys Andy and Danielle Mayoras say the billonaire's case serves as a reminder that too many people make the estate planning mistake of relying on verbal or written promises that contradict their will or trust.

Ignored for Years, Rosa Parks' Last Wishes Are Finally Fulfilled

It took years for the great civil right activist’s final wishes to finally be honored, something that legacy expert attorneys Andy and Danielle Mayoras say could have been resolved much sooner had she done a better job – or had better advice and professional assistance – with her estate planning.

Another Lawsuit Brewing Because Martin Luther King Jr. Died Without A Will

Legacy expert attorneys Andy and Danielle Mayoras say there’s no doubting the greatness of Martin Luther King Jr. However, he made a mistake common among millions of Americans: He didn't have a will.

Bob Marley Case Is A Great Reminder to Clients About Need For Estate Planning

Legacy expert attorneys Andy and Danielle Mayoras say events surrounding his estate have been anything but consistent with his musical legacy. In the 30 years since his death, his estate has seen far too many court fights, lawsuits and money-grabs to count. And that legacy of fighting over money doesn’t seem likely to end any time soon.

Huguette Clark Case Illustrates Importance of Proper Estate Planning

Legacy expert attorneys Andy and Danielle Mayoras say the intrigue and legal wrangling surrounding the copper heiress’s $400 million estate serve as a stark reminder that everyone -- wealthy or not -- needs to get proper estate planning advice from their financial advisor before it’s too late.

Al Davis’ Estate Planning Serves as an Important Reminder For Clients

Al Davis, the long-time principal owner and general manager of the Oakland Raiders, died last week at age 82. As legacy expert attorneys Andy and Danielle Mayoras point out, estate taxes are huge concern for NFL owners and it appears that Davis, unlike other professional sports owners, made the necessary arrangements to keep the franchise under his heirs’ control.

Steve Jobs Understood Estate Planning Complexities, Too

Soon after the tragic news of Steve Jobs' death broke, people began wondering what would become of the Apple co-founder and innovator extraordinaire's fortune. Forbes recently estimated Jobs’ wealth at $7 billion. According to legacy expert attorneys Andy and Danielle Mayoras, it appears Jobs had his estate planning act together.

Tony Curtis Case Brings Estate Planning Issues to Forefront

An auction of the deceased actor’s memorabilia, clothes and other property recently garnered more than $1 million but none of his five children, including actress Jamie Lee Curtis, have yet to receive a dime. And, from most indications, that’s exactly the way the “Some Like It Hot” star wanted it.

Five Ways Joint Ownership Can Sabotage Your Clients’ Estate Planning Efforts

Celebrities are not the only ones to make mistakes with their estate planning. It happens to people all across the country on a regular basis. According to legacy expert attorneys Andy and Danielle Mayoras, one of the most common estate planning mistakes that people make is joint ownership.

Why Does Britney Spears Still Have a Conservator?

Now almost 30 years old and seemingly back at the top of her game, why would the pop superstar still need her father to serve as her conservator? One company claims it’s simply a ploy to duck a deposition in a multimillion-dollar lawsuit.

Death of Real Housewives' Russell Armstrong Puts Spotlight on Estate Planning

Russell Armstrong was the 47-year old husband of "Real Housewives of Beverly Hills" cast member Taylor Armstrong. Tragically, Russell committed suicide on Aug. 15, about one month after Taylor had filed for divorce. His untimely death and the subsequent squabbling by surviving relatives highlight the importance of estate planning whether you're famous or not.

Is 94-Year Old Zsa Zsa Gabor Going To Be A New Mother?

Zsa Zsa Gabor has never been one to shy away from the limelight. But when does pursuing fame cross the line for a 94-year-old? That point may have come this week, when her husband of 25 years told CNN that he had started the process of donor matching and blood work so he could turn Zsa Zsa into Ma Ma.

Helping Your Clients Protect Their Family Fortunes

One of the challenges that we have as professionals is motivating our clients to do their estate planning. Our new television special titled "Trial & Heirs: Protect Your Family Fortune!" debuts tonight and we think it will help motivate your clients to take the necessary estate planning steps that many have put off for far too long.

Amy Winehouse Cut Her Ex Out Of Her Estate

It’s shocking how many rich and famous people make mistake and after mistake, which often leads to heirs fighting over inheritances. But, it’s not only the rich. Everyday across the country, people from all walks of life make the exact same mistakes time and time again. The only difference is the dollar amounts that they’re fighting over.

Rosa Parks Trust, Estate Tied Up In Lengthy Court Fight

Civil rights icon Rosa Parks passed away in Detroit at the age of 92 back in 2005. Almost six years later, her legacy is still tied up in a lengthy court battle. The case features allegations of abuse, cronyism and corruption by the probate judge as well as the two lawyers he appointed to oversee the estate and trust.

More Legal Fireworks Involving Farrah Fawcett's Trust

Ryan O'Neal is at it again. He and Craig Nevius, a Hollywood producer who used to work closely with Farrah Fawcett, are in the midst of more legal fighting against one another.

The Dennis Hopper Trust Battle Is Getting Nastier

Celebrity heirs fighting over the estate is far from uncommon but it is unusual when an ugly court battle starts before the celebrity even dies. That certainly has been the case with the Dennis Hopper estate.

The Anna Nicole Smith Case is (Finally) Over

No, it can’t be. Has the 15-year saga started by Anna Nicole Smith, as she tried to get money from the estate of her deceased husband, really come to an end?

Should More of Leona Helmsley's Billion-Dollar Trust Help Dog Charities?

Leona Helmsley, widely regarded as the “Queen of Mean” before she died at age 87 in 2007, left behind a fortune valued by some to be worth $40 to $80 billion. She earmarked twelve million dollars to take care of her dog, Trouble, until the Judge reduced it to a paltry $2 million.

How Can Whitney Houston's Court Battle Provide Valuable Lessons for Clients, Advisors?

While Whitney Houston was recently admitted to rehab, she has one other big concern that she still has to face - her no-holds-barred court fight with her late father’s widow.

Ringling Brothers Circus Heirs Give New Meaning to Family Feud

Irvin Feld was a rock-and-roll promoter who purchased “The Greatest Show on Earth” in 1967. He created a promotion company to manage the Ringling Bros. Circus, along with Disney on Ice and monster truck shows, but none of his shows have been as eventful as what’s happened between his two children the last few years.

Michael Jackson’s Estate Teaches Important Planning Lessons

The Michael Jackson Estate has featured fireworks since very shortly after Michael died on June 25, 2009. His mother, Katherine Jackson, was not happy about non-family members, including attorney John Branca and music executive John McClain, being named as executors of his estate. So she hired lawyers and challenged the executors in probate court. They fought … and fought … and fought.