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Spending His Son's Money

Filed under: Australiastic > Heath Ledger

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Seems all is not well in the Ledger family. Since the death of Heath Ledger back in January, his father, Kim Ledger, has been managing the millions his son left behind.

Now, Heath's uncles are speaking publicly against Kim and his handling of Heath's fortune.

Heath's uncles claim that Kim has a very bad track record with managing finances and estates. In fact, 15 years ago, Kim so poorly managed the estate their grandfather, a well respected engineer, had left them that he had to be removed as executor.

It is estimated that the estate was worth more than $2 million back in the '80s. Kim was removed from the estate by the Supreme Court due to a ruling that stated Kim's handling of the estate "placed the assets at risk."

Mike Ledger, one of Heath's uncles, stated that their grandfather's estated "plunged into enormous debt." He also claims that the family has no gain in removing Kim as executor, but their main focus is that Heath's daughter, Matilda, will be taken care of, despite a statement from Kim stating he would help.

Uncle Mike says on behalf of some of the family, "Our only vested interest is to assure that Matilda is well looked after. When you are talking about large sums of money like this, it should be an independent executor, but Kim hasn't chosen that way."

Money always gets in the way! They couldn't resolve this issue within the family????

One defender for Kim is Robert John Collins, the executor of Heath's will, who has known the family for over 30 years. He said the claims by Mike and the others were "rubbish".

Reports are that Kim and his brothers have been estranged since he almost ruined their grandfather's estate. So much so, that 17 family members weren't even invited to Heath's memorial and funeral.

To that Mike says, "I'm his godfather. We didn't even have the ability or the opportunity to pay our last respects to Heath. And I tell you, that is terrible – that is so sad."

Sad. Such drama and all over money.

[Image via WENN.]

    Posted: Mar 19, 2008 at 1:10 pm / Email this  »
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    70 comments to “Spending His Son's Money”

    1. brandeen says – reply to this


      1

      first

    2. K says – reply to this


      2

      shame shame

    3. ANDY27 says – reply to this


      3

      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!
      I WANT BRAD PITT TO PISS DOWN MY THROAT!!!!

    4. nicki says – reply to this


      4

      sad.

    5. frog of zebrithofan says – reply to this


      5

      maybe the frog is 3rd?

    6. mya says – reply to this


      6

      That is very sad. I hope everything works out.

    7. WHO CARES I HAVE 500 DOLLARS IN MY BANK ACCOUNT says – reply to this


      7

      Why do we even care about this? I have 500.00 in my bank account, gas prices are rising super fast and most people are struggling just to keep things going. Boo f'ing hoo

    8. amfober says – reply to this


      8

      am i the only one who believes someone should fight to get that money for Matilda ONLY!! That is her fucking money and if she wants to share when she gets older, ok. But damn, it ain't right that the money went to his parents and sis even if there is a will. That money belongs to his little girl.

    9. ny_emerald says – reply to this


      9

      this is too bad

    10. ANDY27 says – reply to this


      10

      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!
      I WANT TO EAT THE FUNKY SWEAT OFF OF BRAD PITT'S ASSHOLE!!!!

    11. first says – reply to this


      11

      FUCK

    12. mana says – reply to this


      12

      2ND!

    13. Blubb says – reply to this


      13

      It should be mathildas money, so they shouldnt even touch it, none of them

    14. kit says – reply to this


      14

      Heath should have updated his will. I'm confused, though. I thought I read that Heath actually didn't have much in assets and people were shocked by that.

    15. Amy says – reply to this


      15

      Another day…. another story stolen from T M Z hours after they posted it. Great job, Perez. Really earning that $50k a day, aren't we? I could do that. I should start my own blog called "Shit I stole from T M Z . c o m"

    16. greylister says – reply to this


      16

      I'm sorry but i think some of the money should go to Michelle Williams, she seems to be the only one out there who cares about him!!!
      we here at thegreylist.com think that the whole fiasco needs some respect &time before we start discussing skrilla.

    17. Nik says – reply to this


      17

      Dear ol' dad must have had dollar signs in his eyes when he heard of his son's death. Like he won the lottery. Sad.

    18. cbc says – reply to this


      18

      first!!!!!!!!!!!!!!!!!

    19. stacey says – reply to this


      19

      uncle mike needs to chill out and let heaths parents grieve! this isn't about the uncle………. hes ridiculous!

    20. just sad says – reply to this


      20

      How sad, he hasn't even been dead that long and the battle begins. Unfortunately I'm sure Heath never thought he was going to die so young and never even gave his Will a 2nd thought. A trust for Matilda needs to be set up and everything needs to go into that. his parents, siblings, etc. can take a hike, Matilda should get it all.

    21. beauty says – reply to this


      21

      looks like there havin a problem with the green eyed beast… GREED

    22. encogneeto1 says – reply to this


      22

      Seems like they could have NOT released this family business to the press and maintained some level of dignity for the family.

    23. Confessions of a Paparazzi says – reply to this


      23

      **********
      It doesn't matter what the uncle says, it wasn't his son who died. Plus the mother and sisters got the money too.

      ******
      Confessions of a Paparazzi

    24. just sad says – reply to this


      24

      Re: ANDY27 –
      OK dude, we get the point, enough already.

    25. Katie says – reply to this


      25

      Money is the root of all evil.. My gosh Heath hasnt even been dead 6 months and people are sticking their hand out.. They should ALL be ashamed of themselves. Bastards.

    26. Obsessed says – reply to this


      26

      They absolutely should get an independent executor, that is ridiculous, we are not talking about chump change here

    27. kkk says – reply to this


      27

      Re: ANDY27 – Dude your a fucking douche bag. Get the hell off this site and go fuck yourself

    28. RK says – reply to this


      28

      They should have an independent executor looking after the child's money.

    29. 123 says – reply to this


      29

      with all that money you'd think someone would hire an accountant! Geez

    30. Mich says – reply to this


      30

      Give it all to Matilda. Heath like every dad out there, would've given her everything. His dad has no right to the money. Yeah the initial will of $125,000 he should keep it. But all the money that Heath made after Matilda was conceived is rightfully hers. They should just stop fighting over money and let Matilda be at least taken care of financially by her dad.

    31. Val says – reply to this


      31

      if an independent administrator or executor is appointed, poor matilda will be left with nothing but a bill for services. these appointed administrators are trained to legally drain every penny from the estate til there is nothing left. something average joe doesn't realize.

    32. smorf says – reply to this


      32

      what do they care it is not their money

    33. DayDreamBeliever says – reply to this


      33

      First of all there is no substance to the uncles claims…just a disgruntled relative.

      Heaths family has appeared to act with dignity and grace during such a horrible time in their lives and certainly opened their arms completely to Michelle and Matilda…To ASSume and speculate as to how his Dad and sibs will handle the $20,000,000 estate Heath left them is petty and quite frankly, no ones fucking business. However, that being said I bet you a fucking dollah that from his estate is a nice little trust fund for his beloved daughter.

    34. jjb009 says – reply to this


      34

      PEREZ IS A FAT MOTHERFUCKER

    35. Poor Matilda says – reply to this


      35

      Heath Ledger was a loser - he could make time to make sure he got prescriptions for the medications he abused, but couldn't make time to have a will drawn up taking care of his little girl in case something happened to him? What an irresponsible and selfish jerk! His Dad and siblings should get none of that money - it belongs to Matilda. She needs an attorney to represent her - the will that was drawn up before her birth should be null and void. Michelle should get child support annually and the rest should go in a trust for Matilda and overseen by an independent party. If Heath had been responsible none of this would be happening…

    36. Michael Jackson says – reply to this


      36

      No need to worry. My advisors and I have taken over and everything is under control.

    37. who knows the thruth says – reply to this


      37

      Uncle story yeah.He must be right.Kim is Heath Father he raised him for abt 18 yrs so what if he will manage his money or spend it or whatever he is his father.
      I am sure Matilda will be well taken care of.Michell is working she has her own money so what's so bad.Uncle can get lost.Period.

    38. JS says – reply to this


      38

      If Kim had good intentions he would just give the entire estate to Michelle to help raise Matilda. Why does Kim feel the need to have the money and be in control if he wasn't looking out for himself and himself only.

    39. Kat says – reply to this


      39

      Has anyone stopped to think that just maybe Heath had a trust set up for Matilda and Michelle. Heath was a very smart business man. He wasn't just a wonerful actor .Most people with a lot of money and children set up trusts as opposed to a will. Trusts are not public record like a will . And I don't feel this is any of the publics business. Matilda still has her Mother who you can tell loves her very much will take wonderful care of her. Not to sould like Chris Crocker but Leave Heath alone. His death is a tragedy now can he rest in peace. Love you forever Heath !!!!

    40. Summer says – reply to this


      40

      Who's worried about money here? His famiy or you exploiting someones death for entertainment?

    41. m sorinsen says – reply to this


      41

      Says a lot about Heath's family. Says a lot about why Heath was so isolated and withdrawn and fame seeking. His family's bitterness and materialism really affected him. Sad that it continues after he's gone. His family needs to set up a trust for Matilda and let Heath rest in peace. Michelle is a working actress and she is not entitled to support she was never his wife and they were not together at the time of his death. RIP Heath.

    42. paige says – reply to this


      42

      If his father is that irresponsible with money the estate should be taken out of his control. I'm sure Heath would want that money to be there for his daughter's future, not get blown on hair brained schemes of his Dad's. Don't get me wrong, I feel sorry for Keith's Dad, but if he blew his own father's estate that does not bode well for Heath's estate. It should be in the hands of a court supervised, independent executor.

    43. laura says – reply to this


      43

      It is a shame this drug addict left nothing behind for his daughter………….her grandfather will blow it all.

      On another note, Perez please get rid of the disgusting "comments" that have nothing to do with the topic at hand. You need a little policing of the website. Love you, thank you.

    44. Vultures says – reply to this


      44

      Why can't "family" mind their own fukking business? If Heath left his estate to his family and put his dad in charge, then so be it. I'm sure they'll make certain that Matilda is well looked after. If I were to inherit a large amount of money I sure to hell wouldn't want anyone breathing down my neck and telling me how to manage it. What is it about death that brings out all the "expert" vultures?

    45. GENA says – reply to this


      45

      THAT'S SO SAD, IT SHOULD JUST GO TO HIS CHILD …

    46. Sweetli says – reply to this


      46

      I say give it to Mary Kate!

    47. off the property says – reply to this


      47

      Mike wants a Ferrari and Kim wants a Lambourghini.

    48. oscar says – reply to this


      48

      Regarding Maltida….I seriously think she will be just fine without ANY of Heath's money. Lets not forget who her mother is!

    49. Jenna says – reply to this


      49

      The family's just pissed they weren't included in the funeral. They are just looking for their 15 minutes of fame. Can't pick your family and everyone's got gold diggers somewhere in the family tree.

    50. whoops says – reply to this


      50

      I say it's HIS son's money. He should be able to do with it, whatever he wants. Now, should he set some aside for Matilda, absolutely. However, I don't understand why his brothers are getting into the middle of this, it really isn't any of their business.

    51. heather says – reply to this


      51

      what is with people putting his business in the press?
      ignorant.

    52. ms libby says – reply to this


      52

      4 the 1st time, let's not go there….leave this family alone!!!perez, be better than that!!!!!!!!!!!!

    53. newnan says – reply to this


      53

      That news is so last week! Why has it taken this long to get it out there Perez? Are you loosing your edge????????

    54. sam says – reply to this


      54

      Re: Kat – If he set up a trust fund for his daughter, don't you think he would have had the common sense to change his will? If the media reported that she was omitted from the will, don't you think they would have reported that she had a trust fund? Do you realize that the will is much more important for a child? Or, are you just making excuses for this poor excuse of a father?

    55. Anonymous says – reply to this


      55

      Thank goodness Michelle is a successful actress in her own right….I dont think Matilda is going to starve anytime soon. But Heath really should have adjusted his will when his daughter was born…c'mon

    56. Poor Matilda says – reply to this


      56

      This story is pretty old. Anyhow, Heath's father seems like a bastard who wants all the money. There's talk of a second Will that gave everything to Matilda, but Heath never got around to signing it. Their saying the father will contest it. Regardless of what her mother makes, Matilda is entitled to EVERYTHING, she doesn't need to be taken care off by the Ledgers.

    57. Kat says – reply to this


      57

      Re: sam –
      A trust is not public information like a will beacsue IT'S NONE OF OUR BUSINESS .. Why change a will if you have a trust ? A trust can not be contested and if you have a lot of money thats where you put it. Poor excuse of a Father ? What would have made Heath a poor excuse of a Father ?

    58. Kat says – reply to this


      58

      Re: sam –
      And Matilda was not omitted from the will. She wasn't born when Heath had drawn up his will .

    59. MomV4 says – reply to this


      59

      This is obviously why the boy took drugs to drown his pain. He's in Heaven, I think.

    60. huh? says – reply to this


      60

      Don't see that it is any of the uncle's business….if heath didn't have his will updated, too bad. Why in the hell do you think they call it "Last Will and Testament", not "Last Will and Testament But If Somebody Thinks They Deserve Something, Just Take WTF You Want".

      It happens everyday…I haven't updated mine and have changed my mind about a couple of things in it. I guess if I croak tomorrow, somebody I don't like will get something I don't want them to have. Shit happens!

    61. Jan says – reply to this


      61

      Makes me sick. No wonder Heath escaped to drugland. Fishy story anyway, there are laws to protect families from Executors mishandling inheritances. They don't get to do whatever they want.

    62. Vivian says – reply to this


      62

      Mike doesn't tell the true story and everyone down here knows it. Uncle needs to STFU. Heath hasn't had anything to do with him for years and now you all know why.

    63. sydneygirl says – reply to this


      63

      perez please use updated info- this story was in australian papers weeks ago. kim ledger asked that the family be left alone and he was upset that his own brothers would go to the press with false accusations. he is matilda's grandad and would never cut her out of a will! this family is heatbroken.. please leave them alone!!!!!

    64. Kat says – reply to this


      64

      Re: sydneygirl –
      Wll said My Friend !!!!!

    65. SiliconDoc says – reply to this


      65

      Oh yesss…. yessss.. yesssss… it's all for the child. Err…children… oh wait, uhh… for the estate… umm…. no because proper capitalism is good… uhh..
      Whatever.
      Maybe we should just let all the psychos who can do everything better than anyone else when it isn't theirs to begin with handle the whole deal… oh wait- we already have that don't we…
      Not sure what flavor of marxism it is, but it sounds like everyone owns nothing except the psychotic wannabes or the courts. Ahh hell, make it community property so it can do the most good for the most cheeeeeeeldren.

    66. puddintang says – reply to this


      66

      update your will after having children, people! I really hope the Grandfather does the right thing and takes care of Matilda with that money and also sets up a trust fund for her. If worse comes to worse, Michelle can sue the estate for child support to make sure Matilda sees some of (what should be) her inheritance.

    67. Jan says – reply to this


      67

      Let this me a lesson learned by everyone. No matter how young you are, get your finances in order in the event you die and make sure your loved ones are protected. Heath should have had an updated will and a trust should have been in place for Matilda. This is Heath's fault.

    68. Resident Jerk says – reply to this


      68

      I DIDN'T WANT BRAD PITT TO DO NOTHING!!!!!

      http://tonalddrump.wordpress.com/

    69. shona says – reply to this


      69

      Why no leave all the money in a trust fund for his daughter to get when she's 18 or 21 something like that. Its her daddy's money. If Big Daddy ledger want to live off his son's earnings i hope he manages to look in the mirror every day!

    70. cvexfobyp bjilgef says – reply to this


      70

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