The Passing of an American Legend and the Fight for the Estate He Left Behind
Born and raised in the heart of Mississippi on a cotton plantation in the 1920s, B.B. King is more than a legendary musician – he is a legendary American. Over the decades, his emotional performances on his guitar “Lucille” have inspired millions to play the blues, including Jimi Hendrix, Stevie Ray Vaughan and Eric Clapton.
More than anything in the world, King loved to play the blues on his “Lucille,” and you can see it on his face during his performances. In fact, he played and toured well into his late 80s, up until his health prevented him from performing at the level he felt his fans deserved. On May 14, 2015, B.B. King passed away in his Las Vegas home as a result of a series of mini-strokes stemming from his type-2 diabetes.
Unlike some musicians and celebrities, King made wise financial decisions during his lifetime. While he didn’t die a billionaire, he did have a $5 million dollar nest egg saved up, in addition to various forms of revenue through royalty and licensing deals.
- Family members were purposely kept away from King in his final days.
- King was mistreated medically.
- His funds were siphoned off shortly before his death on May 14, 2015.
Two of King’s daughters, Patty King and Karen Williams, have been especially outspoken and claim that LaVerne Toney and B.B. King’s personal assistant, Myron Johnson, were poisoning the blues legend to hasten his death.
Toney and Johnson have denied the allegations, yet an autopsy must be performed to rule out foul play. The two sisters have also enlisted the help of attorney Benjamin Crump, who previously was involved in the Trayvon Martin case.
When planning your estate, it is important that you only name an individual whom you trust with your life to be your power of attorney (POA). The music and entertainment business is rife with stories about artists and performers who give POA to their business managers only to watch their hard-earned fortunes get pilfered away.
While this does not appear to be the case with B.B. King and LaVerne Toney (in fact to the contrary as they appeared to have a great working relationship), by naming a non-family member as the executor of his will, B.B. King ensured hostility from his 11 daughters.
Questions about estate planning? For experienced estate planning guidance in Union or Hunterdon Counties of New Jersey, contact Alec Borenstein, Esq., at firstname.lastname@example.org or call 908-236-6457 today.