‘She has a dream – to make a quick buck’: Martin Luther King Jr.’s daughter says family wants to SELL his Nobel Peace Prize

estate planning, bernice kingThis story makes you realize how important it is to have guidelines for specific pieces of your estate that you may not want your heirs to be able to sell or dispose of.

The estate of Martin Luther King Jr. is asking a judge to force the civil rights icon’s daughter to relinquish her father’s Nobel Peace Prize and ‘traveling’ Bible.

The complaint against Bernice King was filed in February in an Atlanta court by her father’s estate, which is controlled by her brothers, Martin Luther King III and Dexter King.

The lawsuit says Martin Luther King Jr.’s heirs in 1995 assigned their rights to property inherited from the civil rights icon to the Estate of Martin Luther King Jr. Inc.

Appalled: Bernice King claims her family wants to sell Martin Luther King Jr.’s Noble Peace Prize and ‘traveling’ Bible

The lawsuit says Bernice King has ‘secreted and sequestered’ the medal and Bible in violation of that agreement.

Bernice King says in a statement that her brothers want to sell the medal and Bible to a private buyer and that she opposes that.

‘In my opinion, there is no justification for selling either of these sacred items. They are priceless and should never be exchanged for money in the marketplace,’ King wrote.

‘While I love my brothers dearly, this latest decision by them is extremely troubling. Not only am I appalled and utterly ashamed, I am frankly disappointed that they would even

Opponents: Dexter Scott King has gone to court over his father’s legacy before, with his3-25-14_She_has_a_dream_2 siblings charging him with financial mismanagement

entertain the thought of selling these precious items. It reveals a desperation beyond comprehension.

‘As Mark 8:36 teaches, ‘For what does it profit a man to gain the whole world and forfeit his soul?’ Our Father MUST be turning in his grave.’

Legacy: Martin Luther King III wants his sister to turn over their father’s achievements

3-25-14_She_has_a_dream_3Neither Martin Luther King III or Dexter King have responded, but Atlanta news outlets such as My Fox Atlanta report that such a statement is expected soon.

The siblings are no strangers to Atlanta’s courts. In 2009, the trio took 15 hours to reach a settlement regarding who would run King Inc., the corporation that controls the use of their father’s intellectual property. That deal temporarily placed a third party in charge. 

That settlement was the result of Bernice and Martin filing suit against Dexter, who’s financial mistakes they claimed were hurting the family’s legacy, according to the Atlanta Journal-Constitution

Source:  By Daily Mail Reporter and Associated Press Reporter  Click here for entire article.

Patricia Annino is a sought after speaker and nationally recognized authority on women and estate planning.  She educates and empowers women to value themselves and their contributions in order to ACCOMPLISH GREAT THINGS in the world – and in so doing PROTECT THEMSELVES, those they love, and the organizations they care about.  Annino recently released an updated version of her successful book, Women and Money: A Practical Guide to Estate Planning to include recent changes in the laws that govern how we protect our assets during and beyond our lifetime.  To download Annino’s FREE eBook, Estate Planning 101 visit, http://www.patriciaannino.com.

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