Is Elvis' daughter a complete idiot?

Superman · Post by **Superman** » 2004-12-16 06:41pm

http://news.yahoo.com/news?tmpl=story&u ... vis_estate

You would think the estate as an asset would beat any potential lump sum of money.

Petrosjko · Post by **Petrosjko** » 2004-12-16 06:44pm

Answer before even reading the link: Yes.

Answer after reading the link: Meh. Sure. Yes.

Post by **Coyote** » 2004-12-16 06:49pm

She once married Michael Jackson, didn't she? You have to ask?

Korvan · Post by **Korvan** » 2004-12-16 07:21pm

Her marriage to Michael aside, it could be that she is making a good move here. The estate is currently in debt which will get forgiven under the deal, she gets a whack of cash and she still gets to keep an interest in the corp that gets the estate. If that corp is run profitably, then she gets some of that which could be much more than she currently gets.

Montcalm · Post by **Montcalm** » 2004-12-16 11:04pm

Selling the rights to her father's name.....nice dumbass give it away

CmdrWilkens · Post by **CmdrWilkens** » 2004-12-17 02:28pm

The critical part of the transaction is that she gets to keep most of the momentoes of her father including the house (which I would think far more important thant the right to name something after Elvis...christ if I wanted to I can name my kid Elvis Presley it ain't that important). Moreover she gets to keep, as was said, interest in the company executing his recording rights and other merchandising rights which frees her of that burden and places it into a company built for that while still cutting her into potential profits. Really I think its win/win.

jcow79 · Post by **jcow79** » 2004-12-17 05:45pm

From what I recall Elvis had HUGE debt or at least lost most of his money. He was really really bad with money either way. I once read that he let the IRS do his taxes for him...

Death from the Sea · Post by **Death from the Sea** » 2004-12-18 12:28am

after reading the article it looks like she made a smart move, but that is just my opinion. I think the two big factors why she sold are 1) it relieves the debt of the estate and 2) now she doesn't have to worry about being soley responsible for how the estate is marketed.