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Tuesday, May 26, 2009

"BIG PAYBACK" JAMES BROWN ESTATE IS SETTELED!!

Judge OKs settlement over James Brown estate ,Charitable trust, wife and son, adult children, ERR-BODY each get a share. 2 years after the battle over "The Godfather Of Soul' estate a Judge in SC on Tuesday approved a settlement battle over how to parcel out James Brown’s wealth. The settlement gives nearly half of his assets to a charitable trust, about a quarter to his wife and young son, and the rest to Brown’s adult children. The settlement was a contrast to Brown’s will and trust, which were called into question soon after the Godfather of Soul died of heart failure Christmas Day 2006. His surviving spouse challenged the will when she was left out, and Brown’s children claimed the estate was mismanaged by trustees. Brown’s six adult children bickered with the singer’s widow as each fought for a share of his fortune. No dollar amount has been given.

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