Wednesday, March 19, 2008

Heath Ledger's Family Disagree Over Management of Estate

The uncles of actor Heath Ledger are concerned about his father Kim's handling of the actor's assets. The uncles claim that Kim mishandled the management of their grandfather's estate 15 years ago in Australia and had to be removed as executor.

"It plunged into enormous debt," said Mike Ledger, one of Kim's brothers.

Heath died in January of an accidental overdose of prescription drugs. His will pre-dated his relationship with actress Michelle Williams and the arrival of their daughter Matilda and leaves everything to his parents and sisters.

Ledger's uncle Mike goes on to say the family has nothing to gain by removing Kim as executor: "Our only vested interest is to assure that Matilda is well looked after."

The relationship between Kim and his brothers has been strained for more than 15 years. The dispute started when Kim became an executor of their grandfather Sir Frank Ledger's estate, which they estimate was worth about $2 million in the mid 1980s. Kim was eventually removed Kim from overseeing the estate. The brothers have remained estranged since the dispute.

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