What to learn from the financial affairs of Michael Jackson
What is the lesson we can learn from the financial affairs of Michael Jackson - other than that superstars always end up spending beyond their means just before they go supernova?
Just as Jade Goody’s death showed the value of protection, Mr Jackson’s demise has highlighted the need for estate planning.
Only three months ago an insurance company’s doctor deemed him fit enough to perform at the O2. Last week he died of a heart attack. Death, sadly, can be all too sudden and unexpected.
A media spotlight has been thrown on his family at this time. Their lives have been made a lot tougher because of a lack of clear instruction as to what the King of Pop wanted to happen to the estate and his children now that he is gone.
As this blog was posted the King of Pop’s mother Katherine had been granted temporary guardianship of his three children - Michael Joseph Jackson Jr, known as Prince Michael, 12, Paris Michael Katherine Jackson, 11, and seven-year-old Prince Michael II - by a court.
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