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To: nickcarraway

$500 million will?

didn’t he OWE about that much??

What planet was he living on anyway?


5 posted on 07/02/2009 8:58:33 AM PDT by GeronL (http://libertyfic.proboards.com <----go there now,----> tyrannysentinel.blogspot.com)
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To: GeronL
$500 million will?

didn’t he OWE about that much??

Yep... in most states, legatees take on the debts and the assets - or they waive their portion of the assets in order to avoid having the debt attach to them.

Even with Jackson's death provoking a surge in sales of his music, half a Billion dollars is one heck of a hole to climb out of. Naturally, the family will try to continue milking their cash cow, even post-mortem.

15 posted on 07/02/2009 9:13:37 AM PDT by Charles Martel ("Endeavor to persevere...")
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