Michael Hutchence's daughter won't receive inheritance
Michael Hutchence's daughter Tiger Lily Hutchence Geldof is set to receive little to no inheritance from his estate as he appears to have been worth much less than originally thought.
Michael Hutchence's daughter is set to receive little to no inheritance from her father's estate.
The INXS frontman was believed to be worth millions when he died in 1997 but 18-year-old Tiger Lily Hutchence Geldof - who was adopted by her mother Paula Yates' ex-husband Bob Geldof following Paula's death in 2000 - is reportedly entitled to very little financial support from him.
Michael's brother Rhett Hutchence told New Idea magazine: ''He would have hated this outcome to his will. He wanted his family to have his hard-earned wealth.
''Michael thought he had control of his assets but in the end, it only worked with Michael still alive. On his death he owned little or nothing.''
Michael's lawyer and executor of his will Andrew Paul has claimed that legal arrangements designed to protect his income means his assets are tied up in private trusts to which his family now have no access.
And it was claimed in 2005 that properties in London, the south of France, Indonesia and on Australia's Gold Coast, which Michael's family thought he owned, were actually not his.
Publishing rights and royalties from his music and record sales were also not included in his estate.
Latest Photo Galleries on xinmsn
asia celebrity buzz
Nick Cannon was presented an award from Toni Braxton at the Lucky for Lupus Celebrity Poker Tournament, as many other stars like Michael B. Jordan, Ver... More Nick Cannon was presented an award from Toni Braxton at the Lucky for Lupus Celebrity Poker Tournament, as many other stars like Michael B. Jordan, Verne Troyer, Shannon Elizabeth and Tito Ortiz all tossed in chips to fund a good cause.
Date 19/9/14, Duration 1:30, Views 593