Legal Documents Reveal REAL Value of Late Linkin Park Frontman Chester Bennington’s Music Amidst Battle Over His Estate
It’s been more than two years since Linkin Park‘s Chester Bennington tragically passed away but it seems like the battle for his estate is still raging.
According to sources, the late rock star’s widow, Talinda Bennington, has filed new documents for Bennington’s estate case. These revealed that the singer’s songwriting credits and music is worth a little more than $8 million.
This amount includes both cash and royalties from the music work he’s done. The largest portion ($5.2 million) of this total, according to a report from The Blast, accounts for the current and future royalties from Bennington’s music. For the unfamiliar, the singer is best known for his work as the lead vocalist of the successful rock band Linkin Park first gaining prominence in 2000.
Meanwhile, other portions of Bennington’s music property include a $1.5 million net share of publishing rights for the Linkin Park songs he performed and another $1.3 million which pertains to performance rights for the songs he wrote for the rock band.
However, sources have noted that the $8 million listed in the new court documents is but a portion of the entire fortune that the musician left behind after he took his own life in 2017 in his California home.
Bennington is survived by his second wife Talinda and six children from his relationships. He has two children (a biological and adopted one) from a relationship with Elka Brand, one son from his first marriage and three from his second.
This isn’t the first time that the affairs of Bennington’s estate made the news though. Earlier in the year, Radar Online reported about how Talinda requested 12 months to finalize matters concerning her late husband’s estate. She also asked for ample time to account for everything that involves the issues that have been raised and close the estate.
According to the same source, concerns over the issues of publishing rights, copyright ownership, and child support, need to be dealt with by multiple parties and not just Talinda. Another issue is that the singer’s original will has been lost as Bennington’s lawyer Alan S. Watenmaker revealed in a 2017 affidavit. Watenmaker was also reportedly the one who prepared the said will back in 2009.
Bennington’s ex-wife Samantha Olit is reportedly fighting for child support for their only child Draven, who was born in 2002. The couple married in the 1990s and separated in 2005. According to Olit, the late singer failed to pay for child support.
Thus, she is demanding back payments from his estate. She’s also claiming to have a share of the singer’s earnings from royalties, publishing rights, and non-touring merchandising income. What more, Olit is seeking part of future earnings from Linkin Park’s creative rights, too.
More in Celeb Justice
If You’re a Millennial Struggling to Make Financial Decisions Without Regret, This Advice is for You!
The Covid-19 pandemic has uprooted many people from their jobs, cut down their paychecks, and caused a financial mess. If you...July 29, 2020
Do You Hate Your Current Job? Learn How to Cope With It Until You Bag Your Dream Job
If you’ve clicked on this article, you’re probably either feeling unappreciated, undervalued, uninspired, or just generally bored with your job. The thought...July 20, 2020
Crossed 50 and Are Now Eager to Join the Workforce Again? We Have Some Amazing Job Search Tips Just For You
The job market has become increasingly saturated now, where hundreds of workers are applying each day for any and every vacancy...July 18, 2020
The Ultimate First Aid Kit You Need to Survive a Financial Crisis
Are you tensed about how to survive the ongoing recession? Are you wondering when it will end? Well, preparing for the...July 16, 2020
How Much Savings Are Enough For Retirement? Keep Yourself In Check With These Key Facts To Prepare For Retirement Age
As soon as you land your first big job, retirement savings start knocking away at your conscience, making you anxious to...July 15, 2020
Meghan Markle Left to the Media Wolves When Pregnant- Now She Bares Her Teeth In Court
The Duchess of Sussex, Meghan Markle, has recently popularized herself as an upholder of equality and justice. Now she has spurred to action...July 8, 2020
Expert Tips On How to Upgrade From Being a Student to a Successful Marketing Agent
Marketing is a major department in almost every college, with thousands of students graduating with a degree in Marketing every year....July 1, 2020
Looking Forward to Relocating? Follow These Tips to Help You Land a Job in a New City
Imagine this- you’ve landed the job of your dreams. Take it a step further, it’s in the city you’ve always wanted to...July 1, 2020
Looking to Safeguard Your Business Internationally? Learn How to File For an International Trademark Today
Entrepreneurs of the 21st century have been granted a unique opportunity in terms of economics. We live in a world that...June 26, 2020