Wills, Trusts, Business, Real Estate, and Probate Blog
What's new in estate planning, business, and real estate law.
Our major media has been placing so much focus on the "will" of Michael Jackson. This reminds me how many people, including our media, do not really understand the role of a will in a complete estate plan. I have read his will and it has a minor role. Fox News made headlines indicating that the will excludes his ex-wife (Link to Fox News Article) while CNN explores the fact that Paul McCartney was not awarded rights to The Beatles music (Link to CNN article). As a matter of fact I would have been surprised to have either of these issues addressed in his will - and it doesn't. It is his trust that will control the ultimate transfer of Michael Jackson’s wealth. It is the terms of his trust that will determine if his ex-wife is