James Brown's children: Assets mismanaged
James Brown's six adult children believe the soul singer's valuable estate was mismanaged and want the trustees removed, according to court documents.
An emergency petition filed late Wednesday in Aiken County also claimed that some of Brown's assets are in danger of being "lost or dissipated or stolen."
The irrevocable trust, signed in 2000, is said to contain most of Brown's primary assets, including music rights and his 60-acre Beech Island home.
The trust is separate from Brown's will, which was filed separately last week and divided personal possessions such as clothes, jewelry and automobiles among the children.
Trustee Buddy Dallas, also an attorney for Brown, said everything in the trust was handled "appropriately and properly" when the 73-year-old entertainer died December 25.
"I've been Mr. Brown's trusted friend and counsel for 24 years -- a relationship that was built totally on our trust," Dallas said. "And I never violated that trust for 24 years."
A court hearing was scheduled for February 1.
The irrevocable trust, signed in 2000, is said to contain most of Brown's primary assets, including music rights and his 60-acre Beech Island home.
The trust is separate from Brown's will, which was filed separately last week and divided personal possessions such as clothes, jewelry and automobiles among the children.
Trustee Buddy Dallas, also an attorney for Brown, said everything in the trust was handled "appropriately and properly" when the 73-year-old entertainer died December 25.
"I've been Mr. Brown's trusted friend and counsel for 24 years -- a relationship that was built totally on our trust," Dallas said. "And I never violated that trust for 24 years."
A court hearing was scheduled for February 1.
posted by TELLSECRETS at 1:33 PM
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