Everyone knows that Michael Jackson lead an extravagant lifestyle, with his Neverland ranch, etc. With his recent passing, one of the questions many people are now asking is just how much will his estate be worth, if anything?
In a recent article by Ethan Smith at the WSJ, one estimate of his debt is around $500 million. On the other hand, he also had some huge assets, including a 50% ownership interest in the music publishing catalog that includes over 250 Beatles' songs.
You can read more of the WSJ Blog Wealth Report article on the topic at : What is Michael Jackson's Estate Worth?
Regardless of the size, it will be interesting to see how this all plays out, especially since there probably will be quite a bit of court involvement if there are no trust or estate planning documents that surface.
-Christopher J. Berry, Esq., a Michigan Wills and Trusts Attorney, is a Partner with Witzke Berry PLLC, which practices in the areas of Estate Planning, Elder Law, and Probate.
