Grubby Mitts

Can the reputation of the late Simon Monjack sink any lower? Yes! People is reporting that according to Brittany Murphy‘s former business manager and accountant Jeffrey Morgenroth, Monjack was “squandering the late actress’s fortune just before his own sudden death in May from pneumonia and anemia, which also killed Murphy.

“‘There were huge amounts of money in [Brittany's] pension plan and bank account, and all of that’s gone,’ Morgenroth tells People. “I would see it on the statements. There was money being withdrawn by Simon, hundreds of thousands.” Monjack had spent nearly 80 percent of the 32-year-old star’s assets in the months between her death and his own, rattling the financial future of Murphy’s mom,” who technically inherited her daughter’s assets upon her death.

12 thoughts on “Grubby Mitts

  1. Hip Hop Homey on said:

    Any posts about film going up today?

  2. “Monjack had spent nearly 80 percent of the 32-year-old star’s assets in the months between her death and his own, rattling the financial future of Murphy’s mom,” who technically inherited her daughter’s assets upon her death.”

    No. 1 the guy is a complete asshole. But, I tend to doubt your last statement. If Murphy did not have a will, in most jurisdictions, all of her assets would go to her husband. Even if she had a will, any jointly titled assets with right of survivorship would go directly to her husband.

    If she had a will and left everything to her mother, her mother would be entitled to any property that Murphy held in her name alone. Once Murphy died, Monjack would have no access to these assets unless he committed fraud. If he committed fraud and the banks didn’t stop him, Murphy’s mom could still go after the banks to recoup her money.

  3. drbob, just going off of the wording above (and the fact that Murphy was relatively successful and therefore probably had at least one or two smart business managers / attorneys working with her) I wouldn’t be surprised if Murphy had her assets inside a trust naming her mom the beneficiary but her husband the trustee.

    After she passed, it would be douchebag’s responsibility to distribute the assets to her mom (according to the trust document) but instead he decided to spend it on his own. Happens all the time, which is why more often than not a corporate trustee is the way to go.

  4. I’m still in shock that Brittany Murphy died. And I don’t know what she ever saw in this guy in the first place.

  5. The worst part is what he actually spent the money on; 10% in the arm, and then the rest equally invested between hydraulic-fracturing companies and Amish puppy mills.

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