Godfather of Soul

[The extremely complicated afterlife of James Brown, and James Brown’s money. -egg]

 

James Brown was not expecting to die when he did. He was 73 years old, with a wheezing chest and swollen feet, but the man wasn’t ready to retire. He was going back on the road: New Year’s Eve at B. B. King’s place in Manhattan, then up to Ontario, west to British Columbia, down to Anaheim in February. Before the tour, in late December, he went to get a new set of bottom teeth screwed into his jaw, but a doctor heard that wheeze and sent him to the hospital. Thirty-six hours later, before dawn broke Christmas morning, his heart petered out.

Yet Mr. Brown was not wholly unprepared to die, either. Several years earlier, in August 2000, he’d drawn up a will in which he bequeathed his “personal and household effects”—his linens and china and such—to six adult children from two ex-wives and two other women. He was very clear, too, that those were the only heirs he intended to favor. “I have intentionally failed to provide for any other relatives or other persons,” he wrote in the will. “Such failure is intentional and not occasioned by accident or mistake.”

Everything else he owned, including his sixty-acre estate in Beech Island, South Carolina, and his catalog of 800 or so songs, was to remain in a trust, which in turn was divided into two funds: one to educate his grandchildren (seven among those six named children, plus the daughter of his son Teddy, who died in 1973) and a much larger one to pay tuition for “financially needy” students who attend school in South Carolina or Georgia. How much is that trust worth? Hard to say, because Mr. Brown’s best assets are of a sort that can be marketed and managed in perpetuity as opposed to simply liquidated for cash. But the lowball estimate is $20 million, which, with proper promotion, could be multiplied many times over for many years to come. Elvis has been dead for three decades, after all, and he’s still pulling eight figures annually.

In other words, Mr. Brown left a fortune to poor strangers.

Fifteen months later, none of those poor strangers have seen a nickel. Nor will they for months, and more likely years, to come, by which point there may be little left, after the creditors and the lawyers are paid. The first attorney was hired barely thirty-six hours after Mr. Brown died, and the first legal challenge was initiated less than two weeks after that. The lawsuits and lawyers rapidly multiplied—there are now more than thirty lawyers suing in three different courts—which has had the predictable result of resolving…precisely nothing.

via James Brown Profile – Godfather of Soul.