Lindstrom had also petitioned the court to be an administrator of his estate — estimated to be worth around $1 million — as had the late rapper’s older daughters, Sasha Simmons and Jada Oden.
Herbert Nass, the trusts and and estates attorney for Xavier, Tacoma and Sean Simmons, said, “Judge Blackwood appointed Xavier, Tacoma and Sean as the temporary administrators of the estate.
“The next big thing is to determine who are the rightful heirs. The estate is going to ask everyone to prove paternity through DNA testing. All the legal children of DMX will be entitled to an equal share of his estate.”
Despite selling more than 74 million albums and building a successful career in both music and movies, DMX left behind an estate estimated to be in debt.
Nass continued, “We need to collect assets and pay debts and administration costs. We don’t have a lot of information about his income streams, but now the temporary administrators have been appointed, we can ask questions and expect answers.”
Nass said the lack of a will from DMX had further complicated setting up the estate. “I want to point out that when a person dies without a will, a surety bond needs to be posted, and obtaining a bond is difficult.
“We spoke to a number of surety companies and it was only Thomas Whittemore at Executive Bond who was able to get it done.”
Share this article:
Source: Read Full Article