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DOCUMENT TITLE: Hubbard left more than $26 million in assets
SUBJECT: UPI story on value of Hubbard estate
PARTIES: Norman F. Starkey, Executor of the Estate of L. Ron Hubbard and Trustee of Author's Family Trust; Sherman Lenske as counsel to Starkey during probate of the Will; Sherman Lenske, Stephen Lenske, and Lawrence E. Heller, Special Directors of CST at the time of the Declaration, as "consultants" to Starkey (Trustee of both Author's Family Trust-A and Author's Family Trust-B), and as "Trust Protectors"
BACKGROUND AND NOTES
The obvious interest in this UPI story is the $26.3 million evaluation of the estate, mostly accounted for by intellectual property (copyrights and trademarks), all of which will soon become property of Norman F. Starkey as Trustee of Author's Family Trust-B, only later to be transferred by order of IRS to the corporation known as "Church of Spiritual Technology" (CST).
Norman F. Starkey and his counsel, "Trust Protector," and CST Special Director Sherman D. Lenske, tells an enormous lie that gets circulated by UPI in this story: that "all of Hubbard's copyrighted works will be passed to the Church of Scientology." They both know full well that the copyrighted works are going to CST, and that there is no legal entity known as "Church of Scientology" that can own such property. The only corporation coming close in name is Church of Scientology International, and it decidedly is not receiving any copyrights whatsoever.
The other lie in this account is that the documents were "prepared in Los Angeles by Norman F. Starkey." No, its quite certain that the documents were prepared in Los Angeles by Sherman D. Lenske, handmaiden to IRS's Meade Emory. And if you really want to see the black hand of IRS's dear, loveable golem Meade Emory, note the date is one day after tax day.
United Press International (UPI)
April 16, 1987, Thursday, AM
Hubbard left more than $26 million in assets
SAN LUIS OBISPO, Calif.
Church of Scientology founder L. Ron Hubbard, who died last year, left more than $26 million in assets, a lawyer who filed Hubbard's estate documents said Thursday.
Hubbard's total assets amount to $26,305,706, including $25 million in copyright and trademark materials and $1,305,706 in oil, gas and business investments... .
The documents were prepared in Los Angeles by Norman F. Starkey, executor of Hubbard's estate.
...[T]he listed assets do not include money Hubbard put into trust accounts for his wife, four of his five children and the Church of Spiritual Technology.
A four-inch-thick binder containing lists of Hubbard's copyrighted poems, movies, books, office memos, office rules, music and choreography were among the items filed with the county clerk.
Ownership of all of Hubbard's copyrighted works will be passed to the Church of Scientology.
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