← 4 Steps the King of Pop Took to Secure His Financial Legacy

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By Marcia Wade Talbert | Published June 24, 2010 | Full size is 425 × 283 pixels

Chose the right people to act on behalf of your estate. When it came to his children, Jackson knew his mother, Katherine Jackson, was the right person to care for their physical and emotional well being, but he certainly didn’t trust her to run his finances. It’s not because she is untrustworthy. She's just not an expert. Remember, the person you choose to be a guardian and the person who manages your money doesn’t have to be the same person. Branca and McClain were experienced music industry professionals who had the ability to help his music catalogs earn the most money for his children and his charities (Source: Shahdai Richardson). Further Reading: See “Planning for the End” for more information about estate planning.

Chose the right people to act on behalf of your estate. When it came to…