All posts containing the tag: "property"
Posted Nov 22nd 2009 8:10AM by TMZ Staff
Jon and Kate Gosselin's divorce is heading to a conclusion, after a contentious day Saturday at the arbitration table. We've learned even Jon isn't contesting that Kate should get primary custody and a decision on who gets what in the money department will be handed down within 30 days.
Sources tell us the two issues on the battlefield are the distribution of assets and child support. In Pennsylvania, the courts award "equitable" distribution when it comes to property, but that doesn't necessarily mean 50/50.
Sources tell us neither party asked for spousal support.
We're told Jon and Kate actually agreed to the amounts certain items were worth, but they were far apart on issues relating to how the assets should be distributed.
The arbitration was supposed to last two days -- today and Monday -- but it all got handled on Saturday.
Both Jon and Kate testified in the arbitration. The decision of the arbitration is binding on both of them.
Filed under: Dirty Divorces, Jon & Kate, Exclusives
Tags: arbitration, child support, ChildSupport, divorce, jon and kate, jon and kate plus 8, jon gosselin, jon kate plus 8, JonAndKate, JonAndKatePlus8, JonGosselin, JonKatePlus8, kate gosselin, KateGosselin, property
Posted Oct 5th 2009 2:39PM by TMZ Staff
Paper work is always a bitch -- and now DJ AM's estate is correcting a minor error that accidentally made the guy out to be one hell of a real estate tycoon!
It's all over papers filed in L.A. County Superior Court last month, which stated AM's real estate property generated $3.5 million PER YEAR.
But the estate now claims they goofed a little bit -- and should've stated that the total value of his real estate property was $3.5 mil.
The estate also noted that AM had a serious debt -- $2.9 million.
But on top of his real estate, AM had another $400,000 in "personal property." So after all of the math, the value of AM's estate stands at a cool $1,000,000.
Filed under: Exclusives, DJ AM
Tags: dead, death, DJ AM, dj am estate, DjAm, DjAmEstate, estate, personal property, PersonalProperty, property, real property, RealProperty
Posted Sep 2nd 2009 2:22PM by TMZ Staff
DJ AM's mother wants to be named as special administrator of his estate, so she can sell her son's house in Los Angeles.
In documents just filed in L.A. County Superior Court, Andrea Gross says AM had already hired a real estate broker to sell his house, and that her son was about to "accept an offer at the time of his death."
Andrea wants the court to allow her to finalize the sale. The two bedroom, two bathroom house -- pictured above -- is on the market for $699,000.
AM's mother also wants the court to allow her to negotiate settlements of the lawsuits he filed after the 2008 airplane crash he survived along with Travis Barker.
UPDATE: A judge has granted Andrea's requests.
Filed under: Photo Galleries, Exclusives, DJ AM
Tags: andrea gross, AndreaGross, deal, dj am, DjAm, house, lawsuits, property, real estate, RealEstate, sell, travis barker, TravisBarker
Posted Sep 2nd 2009 6:55AM by TMZ Staff
The auction items Michael Jackson fought to have returned to him before he died are still not in his estate's possession ... and it's all because MJ's former manager won't let the auction house give the stuff back.
The drama began back in May, when Julien's Auction House filed documents saying they couldn't return the property to Michael because someone else was trying to claim it too: Dr. Tohme Tohme.
In new documents filed by Julien's, they say Dr. Tohme² still hasn't signed release papers for the property -- which is the final step in returning Michael's stuff to its rightful owner.
We spoke to Jerry Hawxhurst -- a lawyer for Julien's -- who said Tohme has had the papers for nearly a month. Jerry said if Tohme doesn't sign the papers within the next few weeks, he'll have to take MJ's estate and Tohme to court.
Jerry said this would be "completely unnecessary" and a waste of time and money.
Filed under: Michael Jackson, Photo Galleries, Exclusives
Tags: dr. tohme tohme, Dr.TohmeTohme, estate, juliens auctions, JuliensAuctions, michael jackson, MichaelJackson, property
Posted Aug 4th 2009 9:14PM by TMZ Staff
The new documents in the Michael Jackson estate case show the special administrators of the estate expect to haul in money in the "high eight figures" for merchandising and other Jackson-related stuff.
The docs mention the $5.5 million the special administrators already collected from Dr. Tohme Tohme. In addition, the administrators have collected "millions of dollars of tangible personal property throughout the country, including memorabilia and art."
The docs say the special administrators are deep in negotiations to market all things Jackson.
The docs claim the special administrators have resolved three lawsuits.
Filed under: Michael Jackson, Exclusives
Tags: art, memorabilia, merchandise, michael jackson, MichaelJackson, property, tohme tohme, TohmeTohme
Posted Jul 1st 2009 1:47PM by TMZ Staff
UPDATE: The judge in the case has ruled Katherine will remain as temporary administrator for the rest of the week. The judge said it wasn't urgent to change things up immediately -- that the matter will be heard Monday.
There's a hearing underway over Michael Jackson's will.
Here's the problem. On Monday, Katherine's lawyers got an order from the judge making Katherine the temporary administrator of her son's estate, based on her belief that no will existed.
Now that a will has been filed, the named executors want to make sure they have control over the assets and are asking the judge to nullify Katherine's power to move assets around -- even temporarily.
We're told there isn't a conflict between Katherine and the new executors -- it's just to button things up.
Filed under: Michael Jackson
Tags: assets, court, estate, executors, john blanca, john mcclain, JohnBlanca, JohnMcclain, katherine jackson, KatherineJackson, Michael Jackson, MichaelJackson, property, will
Posted Feb 11th 2009 5:19PM by TMZ Staff
They say good fences make good neighbors -- but what happens when your neighbor knocks down your fence, cuts down your trees and builds a wall on your property?
That's what Michael Bay is dealing with, at least according to a lawsuit filed today in L.A. Superior Court. He claims his neighbors took down a fence that helped separate their properties. Then they built a wall that crosses over onto his property. And finally, he also alleges his neighbors hired tree trimmers to hack down trees on his property -- twice!
He is seeking unspecified damages.
Filed under: Celebrity Justice
Tags: fence, Michael Bay, MichaelBay, neighbor, property
