Rita Marley loses control of Bob's $32-million estate
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This is a digitised version of an article from The Cayman Compass's print archive. Occasionally, the digitisation process introduces transcription errors, or other problems.
See the article in its original context from February 1987.
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An attorney, who declined to identified by name, said the first step in that direction came Tuesday when the island court officlly ordered Mrs. Rita Marley, the star's widow, be removed as one of three administrators of the $32 million (US) estate. He said another petition had been filed in the New York Supreme Court to end the administration of Marley's U.S. assets in New York City, believed to be about $30 million.
The control of assets in New York is in direct violation of how the estate should be administered, the attorney said.
Both court moves are the result of an investigation launched last July by two of the estate administrators, Mutual Security Bank Trust Company, Ltd., of Kingston, and George Desnoes, a Kingston attorney.
The estate, with three administrators, was formed after Marley died of cancer at the age of 36 in Miami, Fla., on May 11, 1981. Marley was survived by his widow and her four children and seven other children mothered by seven other women.
Mrs. Marley agreed to step down as one of the estate's administrators last September and the Supreme Court order Tuesday made it official. According to the order, any U.S. property that may have been managed by other interests had to be accounted for and that part of the estate would be impounded until an audit could be completed. Most of Marley's estate about $30 million, wa tied up in investments in the United States. Th remainder, $1.068 million was in Jamaica and th British Virgin Islands. Hi property here include the Tuff Gong recording studio and the Bob Marley Museum in Kingston and a home 50 miles east of Kingston.
