As you may recall, his estate plan called for his music empire to be put into a charitable trust and used to help needy students. Nevertheless, despite the fact that his will contained a no-contest clause that stated that anyone who contested the will could receive nothing, the will has been the source of ongoing challenges since the musician passed away in 2006.
At one point a settlement was brokered by none other than South Carolina’s Attorney General Henry McMaster. However, that settlement was ultimately rejected by the South Carolina Supreme Court.
One of the largest questions remaining is how much is the music empire worth? Documents filed by the current trustee with the IRS valued the estate at $4.7 million, while earlier trustees valued the estate at $100 million. The full details of the dispute were reported by the Herald Independent in “The $95 million question: What's at stake in Brown estate battle?”
The dispute matters greatly because charitable foundations are required to distribute at least 5 percent of their value to charity every year per IRS rules. Thus, there is a very large discrepancy in the total number of students that would be helped each year by the trust depending upon which valuation of the music empire is ultimately accepted by the courts.
Reference: Herald Independent (September 4, 2015) “The $95 million question: What's at stake in Brown estate battle?”