27 Sep '11, 4pm

Learning from the Michael Jackson Family Trust

On a side note, Michael Jackson appointed three individuals as co-Executors. He was smart to manage the risk of executors not able to carry out his wishes. He even went into details like ensuring his executors pay life insurance premiums. Whose life insurance premiums was he referring to? These life insurance policies are those owned by his estate. This generally refers to ‘third party’ insurance policies such as those he bought insuring the life of his own children. For non-life insurance, it will be those like fire insurance and third party liability insurance policies required for the deceased’s immovable assets namely real estate and properties. Finally, he made sure a guardian was appointed to take care of his children. He appointed his mother as the preferred guardian but in the event his mother is unable to fulfill this responsibility, he appointed the singer and ac...

Full article: http://www.wilfredling.com/content/view/1561/9/

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Michael Jackson

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Posted via email from Winnilicious @ Posterous This entry was posted on Friday, September 16th, 2011 at 20:06 and is filed...

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