What becomes of 5150? - Page 2
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  1. #16
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    Default What becomes of 5150?

    Nothing will become of it. Itís on Edís property, itís his. Iím assuming Wolfgang will use it and Iím sure Al can come by anytime he wants and use it. Matt Bruck too. And thatís it.

    Not to mention all the recordings and guitars that are still stored there Iím assuming.
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  3. #17
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    I donít think we can really speculate on what was in the will, but Iím sure Wolfie and Janie have been taken care of just fine. I donít think you need to worry about either. I am very confident Ed was very smart in how things were taken care of before he passed.
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  4. #18
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    Quote Originally Posted by chain View Post
    Wolf mentioned his "home" studio was basically a few guitars and his computer......I would hope Wolf inherits 5150 and most of Ed's assets and Janie gets life use of the house and enough dough to keep her comfortable the rest of her life.

    She seems like a sweet gal and hopefully honors Ed's wishes in whatever arrangement they agreed upon and I assume codified in Ed's will and estate planning. We can only hope for the best.

    Regarding Frank Zappa's estate, what a mess Gail Zappa did with things....To see Dweezil, the one child of Frank's keeping his musical legacy alive, lose Frank's studio to Lady Ga Ga, is a travesty in my opinion. All because of mismanagement and too many siblings in the stew so to speak.....

    Not that Ga Ga won't take care of it and honor what was created there. It's just sad that Dweezil lost not only the studio, but the use of his name and Frank's likeness....Just sad.
    and his childhood home. I hope that if Wolf wanted the house and studio, he can get it. And perhaps Janie will get another home somewhere else in the area that makes her happy. If I recall, the zoning of the studio itself is questionable. Ed got a permit for a racquetball court when he built the studio.

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    Quote Originally Posted by Brett View Post
    I don’t think we can really speculate on what was in the will, but I’m sure Wolfie and Janie have been taken care of just fine. I don’t think you need to worry about either. I am very confident Ed was very smart in how things were taken care of before he passed.
    I just wonder if she wants a fresh start and doesn't want to deal with all the comings and goings of people on the property, etc.

  6. #20
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    Iíd say Wolfie and Janie partly own it, but thatís only assuming. Janie has the house, so sheíd have to have some ownership.
    What is understood need not be discussed

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    That studio is the crown jewel through. Its worth way more than the house.

    I think the zoning is ok. Before Eddie built it, he had to clarify his intensions to city leaders that he was only going to be using it for his own personal home use and not a commercial business.
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  8. #22
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    Quote Originally Posted by rchop84 View Post
    I'd assume he left everything to wolf..no offense to her, but I would
    I would bet everything I own that didnít happen.

    You can bet he left Janie set up for life. Somebody made a great point about the house being a place she might not want to be in the future, i get that. Even if she was left the house, Iím sure she and Wolf would be able to work out something where he buys it. If he wants it.
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    I remember reading a year or so ago that Janie had built her dream (project) home not long ago. I would assume that she would move it to that. Its up on a hill. She posted photo's of it.
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  11. #24
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    Quote Originally Posted by Brett View Post
    I don’t think we can really speculate on what was in the will, but I’m sure Wolfie and Janie have been taken care of just fine. I don’t think you need to worry about either. I am very confident Ed was very smart in how things were taken care of before he passed.
    I agree... Ed also retained some very good Intellectual Property lawyers who, to this day, do an effective job at managing his assets and interests.

    I assume Ed's personal property, IP assets and holdings are all covered under LLC's and trusts with specific distributions and ownership transfers clearly spelled out in the event of his passing... with proper legal/tax protections favoring his beneficiaries.

    Based on health details Wolfgang has shared, the major health battles have been going on for a few years now. They've had time to get things in order.
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    Quote Originally Posted by rchop84 View Post
    I'd assume he left everything to wolf..no offense to her, but I would
    Are you married? Happily?

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    Quote Originally Posted by rchop84 View Post
    I'd assume he left everything to wolf..no offense to her, but I would

    I'm very happily unmarried, I like women and having an active sex life.

    Maybe you have a point. But he probably did leave Janie a chunk of change. But as I said hopefully there was a prenuptial agreement which is effective when a spouse dies, it's an all embracing agreement.

    I would think he probably left Valerie something, it is his son's mother.

    But that's their business.

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    LOL. Of course, she was taken care of.

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  16. #28
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    Janies mother just passed away. Man that woman is dealing with some serious loss right now.
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    Default What becomes of 5150?

    I know itís just harmless discussion but does anybody else find the interest in what Ed left who and if he left Janie any money, just a tad bit creepy?

    The shitís going to go to whoever Ed wanted the shit to go it. Itís really none of our business.

    Not sure why any of that would be on anybodyís mind, but to each their own.


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  18. #30
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    I don't know that anyone is really interested in the details of the estate and who is cashing out or whatever. I hope that Eddie did a better job that many entertainers. Having only one child should have helped make things simple, But it is just that after Prince died intestate and the Tom Petty estate is in a mess, Ric Ocasek cut his wife out of his estate saying she "abandoned" him even tho they were still living together ( she just recently posted about having to move out of their long time house) , Aretha Franklin died without a will, or did she?, Glen Campbell's estate created a fight among the children, and of course the epic mishandling of the Zappa estate and older issues such as James Brown's estate, the Jerry Garcia warring wives, I think there were problems with the Johnny Cash estate as well when his son was favored over daughters from a previous marriage, Dave Grohl and the Kurt Cobain estate, the mess of the Michael Jackson estate

    These kind of estates that combine physical property and intellectual property, business partners ( the estate would be involved on the family's behalf in any kind of negotiations with Sammy or Dave for future releases such as "Best of" or "Live" or whatever") gets complicated

    Of course there is interest in the historic studio, even the LA City Council mentioned it in their recent proclamation/tribute to Eddie, but yes it is a little gauche to talk about someone else's money.

 

 

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