In light of the current situation, we are offering our clients the opportunity to meet with us virtually, rather than in-person. Please click here to contact us or call 800-756-5596 to schedule your appointment
Our phone lines are currently down, please use 323-391-4162 as an alternative number. Thank you.

Make Informed Decisions
About Your & Your Loved Ones' Futures
Based On Experienced Advice


Hutchence’s Daughter May Still Inherit Millions

| Aug 18, 2017 | Uncategorized |

INXS lead singer was reported to be nearly penniless when he died.

INXS lead singer Michael Hutchence died in 1997 leaving behind a trust fund that was believed to be unfunded, yet family members now think his daughter will inherit millions when she turns 21, according to the Daily Mail in “Michael Hutchence’s daughter Tiger Lily is set to ‘inherit millions’ on her 21st birthday next week through a trust fund set up by her INXS musician father.”

When Hutchence committed suicide in 1997, it was learned he had almost no assets, except for a couple of nearly empty bank accounts. It was not clear what happened to the rights to his music.

However, his family now thinks that Hutchence’s daughter, known as Tiger Lily, could inherit millions, when she turns 21 in the next few weeks.

It is not entirely clear why the family has this belief, since many details about the trust are not public and the family does not control the trust. It could be that the rights to Hutchence’s music were placed into the trust, which would give it a regular income that could be given to beneficiaries.

Similar things can happen anytime an estate has a valuable asset that can earn a continual income.

For these types of estates, it is important to make sure the people in charge of them know how to maximize the potential of the assets, in order to get the most income out of them.