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James Brown Estate Faces Debt as Settlement Talks Stalled
Two years after James Brown's death the estate struggles with unpaid debts and misappropriation claims. Attorneys describe a complex value tied to future income from movies, royalties, and likeness rights. A proposed settlement would allocate 50 percent to a charitable trust, 25 percent to a surviving spouse claimant and her son, and 25 percent to several adult children, while tax returns and trustee confidentiality delay filing. Debts include payments to a former limo driver and legal fees to Strom Thurmond Jr. and associates. Judge to rule on tax documents. some assets from a July auction raise over 850000 to cover taxes.
MENTIONED IN THIS ARTICLE
James Brown
Brown
Louis Levenson
Robert Rosen
Singer
James Brown II
Levenson
Adele Pope
Robert Buchanan
Strom Thurmond Jr
Jack Early
Early