Thursday, January 5, 2023

Leonard Cohen’s kids in battle over ‘Hallelujah’ singer’s $48M estate

Leonard cohenLeonard Cohen’s children, Lorca Cohen, and Adam Cohen have been battling in Los Angeles Superior Court for the past year to remove Robert Kory as trustee of the Leonard Cohen Family Trust. Kory was appointed by Leonard before his death to oversee the trust which controls the millions in royalties from Cohen’s archive that include music, poetry, photographs, journals, and novels, which is valued at $48 million.

The children say that in his final days, Cohen came to realize he made a mistake in allowing Kory to take control of virtually every aspect of his finances and legacy. They have also accused Kory of employing his son to archive personal documents and claim to have proof that Kory forged comments in 2005, which contributed to his control of the estate.

Attorney Adam Streisand, the cousin of Barbra Streisand, told reporters that there are two versions of trust documents signed by Cohen before his death. There is a version that benefits his designates and a version that shows Kory as the designated trustee. Kory has vehemently denied any wrongdoing on his part.

For more information see Isabel Vincent and Kathianne Boniello “Leonard Cohen’s kids in battle over ‘Hallelujah’ singer’s $48M estate, New York Post, December 12, 2022.

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2023/01/leonard-cohens-kids-in-battle-over-hallelujah-singers-48m-estate.html

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