Showing posts with label Estate Planning. Show all posts
Showing posts with label Estate Planning. Show all posts

Wednesday, May 23, 2007

On the Jimi Hendrix Vodka Issue



Jimi Hendrix Electric Vodka










This is a post I contributed to the most repected online community for John Mayer fans, My Stupid Mouth(MSM), of which I have been a member for nearly five years. It is titled after one of his first very popular and defining songs.

John did a piece last year on one of his blogs about his take on Jimi Hendrix vodka and many of his fans followed suit by responding to his views on the subject. Quite frankly, myself an avid Hendrix fan, having had eyewitness account of his influence on a generation as a youth coming of age in the late 60's through mid 70's(I had every record Hendrix ever cut...unsuccessfully lobbied my Dad to go to Woodstock,underage at the time,etc) ,I was appalled that the Hendrix family would let something like this happen to such a tremendous rock music legend,arguably the greatest guitar player that has ever lived. But my further research revealed a family torn apart for years by a long standing court battle over control of Jimi Hendrix's estate.

I had been made aware of it by the bits and pieces of information gleaned from various news sources over the years. John's blog brought attention to not only the vodka issue,but that reality as well. It provided invaluable food for thought for musicians and other entertainers who don't make estate planning and money management a priority. It also provided an example of just how easily a pop image in our culture can be cheapened or lessened out of a real financial need or a serious lack of financial planning.His piece inspired a litany, as usual, of responses from his fan base across the internet and on my blog at Creativessel.com. as well.

I, and I'm sure its safe to say others, would much rather Hendrix be remembered by future generations for his guitar playing prowess and not his alleged fondness for vodka.His influence is still being felt some thirty-seven (37) years after his death.

Ironically and probably to the delight of many fans, Hendrix's family just recently filed a law suit against a Seattle businessman for the use of Jimi Hendrix's name on the vodka.

The following is my response to Mayer's entry on his blog at Honeyee.com last year,which was posted on MSM on 12/30/06:

Thanks to John for bringing this to the forefront and for topping that RS article on Hendrix...a quality piece.I agree,among his finer ones.

If there was to be a drink named after Jimi Hendrix,I would have much rather preferred an organic juice or purple colored lemonade.Something that sort of crackles and sizzles in your mouth simultaneously while inducing "healthy" audio-visual hallucinations or holographic experiences of a medley of memorable Hendrix Tunes with "Purple Haze" as the intro.But,of course,I'm biased because I am not now, nor do I ever forsee myself as an enthusiastic, or otherwise, vodka drinker.My experimental "screwdriver" phase is long past.


As for the "banking" issue, the "quality" of family and friends(that would include their judgment) ,and to a lesser extent, the wishes of Hendrix, would be the deciding factors here. Unfortunately,and I have learned this from hard experience,it is not always the "will" or "trust" instrument that ultimately governs when people disagree over money and property rights.This is even moreso when a person dies intestate i.e.,leaving no will,as in Hendrix's case.

"Greed" and "fair share" are archrivals,in which case,it is those who have the stamina and drive to fight it out in court, the market place or the ring of public opinion to the bitter end that either win, or lose.Now, if all players could get together and work out a consent agreement to their mutual benefit,they might save a few bucks in court costs and legal fees. And,perhaps avoid such "vodka debacles" to the Hendrix image and legacy,which,of course, is extreme wishful thinking on my part. The numbers are too high ($80 million--estimated estate value)and the divide apparently too wide(non-blood relative now ostensibly controls assets to the exclusion of blood relatives).


Jimi did not play a role in this. Albeit, his death was caused ironically by asphyxiation induced from a lethal combination of alcohol(wine) and sleeping pills.


Well, there is one brand of vodka I won't be buying or promoting...no,not even as a keepsake. I almost feel like creating a slogan worthy of the occasion a la "Denounce the 40 Ounce" when the homies got out of hand with the Malt Liquor.

Now,if they make a very limited release of it for a brief period certain,just to right the books or to benefit a private or public charity, never ever to appear again,I might just be persuaded. But even that is very iffy...I still cringe at the thought.

In the meantime,

Ugh...

Peace,

Cynthia

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