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All assets are given to the (pre-existing) Michael Jackson Family Trust (amended March 22, 2002), [2] the details of which have not been made public. The Associated Press reported that, in 2007, Jackson had a net worth of $236.6 million: $567.6 million in assets, which included Neverland Ranch and his 50% share of Sony/ATV Music Publishing ...
Cheltenham's Gallagher Retail Park and Warwick's Leamington Shopping Park are owned 50/50 through "The Gibraltar Limited Partnership" with The Hercules Unit Trust, a Jersey-based property unit trust. The estate recently purchased the new Rushden Lakes site in Northamptonshire from its developers.
According to him, the real owner of the mansion was a family trust established for the financial future of his two daughters. [9] The house remained empty since the purchase. [10] Due to years of divorce proceedings, in which all the property of Rybolovlev, including the house, was arrested, Maison de L'Amitié could not be used.
Essentially, an irrevocable trust allows the grantor to still use their assets, while legally making them the property of the trust. For estate planning purposes, it can be beneficial to reduce ...
The current residences are owned by the Crown, by the Duchy of Cornwall, and privately by members of the royal family; all the official residences are owned by the Crown. [ 1 ] [ 2 ] Some official residences, such as the Palace of Holyroodhouse and Hillsborough Castle , serve primarily ceremonial functions and are rarely used residentially.
An inheritance trust – also known as a family or testamentary trust – is a legal arrangement designed to manage and protect assets for the benefit of heirs or beneficiaries after the grantor ...