In an effort to in his words, "clear his good name", Dexter King has provided the Atlanta Journal Constitution with specific accounting regarding his late mother Coretta's estate as well as disbursements that have be made to her 3 remaining heirs from the estate. Dexter states that the siblings have been estranged for years and that how disbursements have been handled is at the heart of the recent suit filed in Atlanta's Fulton County. He provided the following following info to the AJC:
A third distribution of $477,722.15 went to Dexter King.
"Whenever there's a distribution it has to be equal — that's what really counts, and that's what happened," he said.
The bank statements also show how $535,000 was transferred on that same day — June 20 — from the estate of Coretta Scott King to King Inc.
That $535,000 is apparently at the crux of the argument between the siblings."
"On June 20, the bank statements of King Inc. provided by Dexter King show that $477,772.15 was transferred to Bernice King in connection with their mother's estate and a regular disbursement from the proceeds of King Inc.
Another $377,772.15 went to the account of Martin III — a lesser amount because Martin III apparently borrowed $100,000 from King Inc. a month earlier, according to another document.
A third distribution of $477,722.15 went to Dexter King.
"Whenever there's a distribution it has to be equal — that's what really counts, and that's what happened," he said.
The bank statements also show how $535,000 was transferred on that same day — June 20 — from the estate of Coretta Scott King to King Inc.
That $535,000 is apparently at the crux of the argument between the siblings."
It appears that Dexter is being very forthcoming regarding the family dispute. Let's hope that the siblings will get beyond all of their disputes and become a united family once again. They really owe it to their family's legacy. This truly is a personal family matter that should have remained personal.
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