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Texas Tech Univ. School of Law

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Saturday, December 14, 2013

Storm Brewing Over Thunders Estate

Johnnythunders

The children of New York Dolls guitarist Johnny Thunders are currently batting over his estate.

After Thunders’ death in 1991, he left a paltry $4,000 inheritance.  However, savvy investments by his sister and estate administrator Mariann Bracken grew the inheritance to at least several hundred thousand dollars.  Bracken was making twice yearly payments to his two sons and half-Swedish daughter.  The payments ceased in 2009 when Bracken died.  His daughter Jamie Michelle Susanne Genzale, 26, was set to take over as administrator but could not afford the $75,000 bond required to oversee the payments of the remaining $160,000.

Genzale wants to team up with the band’s manager to collect royalties on the hit song “Personality Crisis,” which recently landed at No. 271 on Rolling Stone’s top 500 songs of all time.  But now, Thunders’ sons, Vito, 36, and Dino, 34, who both have long rap sheets, are suing to bar her from controlling the estate funds. 

See Julia Marsh, New York Dolls Estate Fight, New York Post, Dec. 9, 2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/12/storm-brewing-over-thunders-estate.html

Current Affairs, Estate Administration, Music | Permalink

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