Democratic forum to focus on education
The York County Democratic Party will hold a daytime forum at 12:30 p.m. Tuesday at Firebonz All American Barbecue and Grill, 2445 Cherry Road, Rock Hill. Discussion will be "Why Public Education Matters."
-- Mary Jo Balasco
James Brown estate said to be in financial decline
Sign Up and Save
Get six months of free digital access to The Herald
AIKEN -- Nearly two years after James Brown's death, claims of unpaid debts, inadequate accounting and misappropriated funds continue to throw into turmoil the late soul singer's estate -- the value of which is unknown.
Attorneys involved in the lengthy legal battle had hoped to announce a long-awaited settlement Thursday over how to parcel out Brown's estate between his last wife and child, his other children, and his charitable trust. Instead, several debtors testified in court they are owed money from the estate.
What remains to be seen is how quickly Brown's estate can emerge from debt: Lawyers say the late soul singer's accounts have little money in them. The future income -- from movies, royalties and the sale of Brown's likeness -- is what's really at stake, attorneys say.
"In an estate of this complexity, the value isn't what's in a bank account," said Louis Levenson, an attorney for some of Brown's adult children. "The value in an estate like this is the kinds of business opportunities it can generate in the future."
The estate will receive little income until a settlement is filed, said Robert Rosen, an attorney for the woman claiming to be Brown's surviving spouse.
"The longer this litigation goes on the more it hurts the James Brown estate -- it hurts the value of the estate," he said. "For people who want to use his likeness and make movies now, it's hard to know who to deal with."