Thursday, June 21, 2012

Anita Mui's Set Up A Trust Fund


October 14 2011

Late Anita Mui’s jewelry auctioned off to pay mother’s living expenses, Brother Mui crashes auction and threatens to call the police



Last week, 43 pieces of jewelry belonging to late Cantopop Queen Anita Mui were auctioned off by the executors of Anita’s estate, bringing in a total of 6 million HKD. During the auction, Anita’s brother Mui Kai Ming unexpectedly showed up at the location and expressed that all of the auction items were Anita’s ‘cherished possessions’ and also threatened to call the police and ‘seek justice’ from those responsible.


Prior to her death from cervical cancer in 2003, Anita Mui had established a trust fund to manage her assets and estate. Last week, the trust fund commissioned a third party company to auction off a collection ofAnita’s jewelries and watches on their behalf. Amongst the 43 items auctioned, the item that sold for the highest price was a necklace and earring set that Anita had worn during her 2003 farewell concert – that item alone sold for 1.58 million HKD. In all, the entire collection sold for a cumulative amount of 6.81 million HKD — the proceeds from the auction will be used by the trust fund to pay the living expensesfor Anita’s mother Mrs. Mui (Tam Mei Kam) in accordance with Anita’s will.

Read more: Anita Mui | AsianCrunch.com


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Anita Mui’s millions to stay in trust fund after mother loses court appeal





Years after Cantopop diva Anita Mui passed away in 2003 from cervical cancer, the legal tussle over her estatefinally came to a close on Monday.
Hong Kong courts dismissed a lawsuit brought by Mui’s mother Tam Mei-Kam and elder brother Peter Mui disputing Mui’s will, which bequeathed the bulk of her estate to a trust fund and only gave Tam a monthly allowance of HK$70,000 (S$12,600).
Mui was reportedly concerned that giving Tam control of her estate would cause her to spend the money unwisely, preferring to ensure Tam would lead a comfortable life by giving her a regular allowance for the rest of her days.
Tam’s allowance was later changed to HK$120,000 (S$21,600) after her numerous court appeals, but Tam, 88, continued to contest Mui’s will, filing a fresh appeal in 2010.
Tam again contended that Mui was not of sound mind when she made her will and wanted full control of her estate.

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