Pudge wrote:
Wasn't MJ broke, which is what prompted him to go on this tour? I guess he'll get some money from the royalties of his songs being played a lot more over the next year. I'm sure MJ's kids will live a lot better than most people in this country, but I'm not sure they'll be inheriting millions. That estate tax is a killer.
Pudge, haven't you heard? The estate tax is a good thing!
Maybe I dont get it, but how could he have been 'broke'? Unless he was into real estate speculation, that doesnt make sense.
Didn't he own half of the Beatles catalogue? Hell, the PFP royalties on that alone would seem to set him up for life!
Unlike Octomom's kids, these kids should stand to get millions: his stuff is selling like wildfire now. What remains to be seen is how ugly the lawyers are gonna make this. If these kids are handed to a 'guardian' say Diana Ross, and she squanders every cent, ala Macauley Caulkin ( irony alert ) or Gary Coleman, these poor kids are not going to be 'poor', in the fiscal sense. BUt if custody, etc drags on in an ugly legal fight for year, that could cost $$$. But, enough to bankrupt the royalties of MJ?
Having no law degree, or even been in custody disputes, I am at a loss to explain how these kids could ever be broke? Anyone know a good lawyer that could help with these questions?
