Can Laeticia Hallyday spend what is in the trust?



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This morning, the TGI of Paris seized in summary by David Hallyday and Laura Smet had to examine the question of moral rights in the image and work of Johnny Hallyday. The last will established in California in 2014 designated Laeticia Hallyday as the sole beneficiary.

⋙ Inheritance of Johnny Hallyday: Moral Rights Hearing Remanded Due to Last Minute Information? (update)

Each lawyer has made known his arguments. On the Laeticia side, we keep the same course of action: Johnny Hallyday American resident has taken care to create a trust in the United States that collect all his property and income. This for a double purpose presumably: to shelter Laeticia and their two daughters (Jade and Joy) by selling them all her assets; and this, benefiting from tax conditions significantly more advantageous than in France. So on this side, we do not understand the interest of this recourse in summary with the TGI of Paris.

⋙ Johnny Hallyday's legacy: David and Laura's lawyers fight to freeze Laeticia Hallyday's royalties

As for record companies, we also comply with the latest wishes of the rocker who had signed various contracts. The royalties generated by the sale of albums (especially the last one) must be transferred to Johnny's American trust.

⋙ Johnny Hallyday's legacy: first round win by David Hallyday and Laura Smet

On the other side (in the clan of David and Laura) the referral this morning was primarily a conservatory goal: freeze these same royalties time that the TGI Nanterre must resume hearings in March on the validity or not of the will of Johnny Hallyday. Because for the lawyers of the two oldest, if the royalties leave in the United States, they will not come back!

⋙ Johnny Hallyday's legacy: Laura Smet and David Hallyday could pay their father's tax debts!

One of Laeticia Hallyday's lawyers has therefore counter-attacked by being more explicit about the famous trust that is often referred to "A trust is made to protect the children, Jade and Joy are the secondary beneficiaries" he explained "The trustee may object to Laeticia selling or spending assets if it considers that this makes the contents of the trust lose value, so David and Laura can be reassured." Clearly, the widow of the trustee can not go to draw at will in the "American safe" what this financial structure represents. Not sure that's enough …

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