“I have a dream” that my children won’t fight over my estate — MLK Update

Earlier on this blog, I reported that Bernice King and Martin Luther King III claim that their brother, Dexter King, has been plundering funds from the estates of their parents, Rev. Martin Luther King Jr. and Coretta Scott King.

The following additional information is from Errin Haines, Lawsuit exposes growing rift among King children, Yahoo! News, July 19, 2008:

• Dexter King has allegedly failed to provide his siblings with financial records and contracts regarding Mr. King’s estate.
• Dexter King has allegedly converted a significant amount of Mr. King’s estate for his personal use.
• Differences of opinion regarding the sale of The King Center may underlie the current dispute.
• The death of one of Mr. King’s children (Yolanda) in May 2007 exacerbated the dispute.

Special recognition to Paul Caron, editor of the Tax Prof Blog, from which I borrowed the first part of the title of this post.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.