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Michael Douglas and Catherine Zeta-Jones Buy Country Estate

Country Charm
When you’re Hollywood royalty, it’s only appropriate you live in a palace. Michael Douglas and Catherine Zeta-Jones’ recently purchased 19th-century Bedford, New York, estate is certainly worthy of the title. The $11.25 million property boasts a tennis court, swimming pool, greenhouse, guest cottage, and a horse barn. Click through to see where these two Oscar winners spend their downtime.
The colossal colonial-style compound consists of 8 bedrooms and 9 bathrooms.

Grand Estate The 15,000-square-foot residence, built in 1895, is situated on over thirteen lush acres

Start Slideshow Grand Estate
(Source: Houlihan Lawrence)

Warm Welcome Arriving guests are greeted by a dazzling chandelier suspended near the front door and a formal foyer trimmed in stately molding.

Feast Your Eyes The dining room is sheathed in rich wood paneling, and features an ornately detailed for fireplaces for cold Upstate winters. Two refined light fixtures hover above a formal table, which can seat up to sixteen guests.

Cozy Den Another impressive fireplace faces a presidential sized desk in the home office. The old-world furnishings include a tufted leather wing chair and antique steamer trunk.

Country Charm A cream-colored kitchen island contrasts with the surrounding dark wood cabinetry.

Sensual Spa A sizable jacuzzi is nestled in the corner of the home spa, where a sauna and steam room are just around the corner.

Classic Construction – Michael Douglas and Catherine Zeta-Jones Buy Country Estate – Lonny

This really looks like a home his father would buy.

Heidi Klum Is Selling Her Palatial Los Angeles Estate For $25 Million

[IMG]https://static1.businessinsider.com/image/53b17846ecad04da2d86766a-1200/check-out-the-library-which-has-back-lit-book****ves-and-gorgeous-wooden-detailing.jpg[/IMG]

https://www.businessinsider.com/heidi…on-2014-6?op=1

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Michael Jackson Estate Targeted by IRS Shocking Tax-Cheating Allegations

The Michael Jackson Estate is in the crosshairs of the IRS for allegedly cheating taxpayers out of a fortune … and now the taxman wants the Estate to pay the piper — to the tune of more than $700 million.

The Allegations are stunning. According to legal docs — obtained by the L.A. Times — when Michael died the executors told the IRS his net worth was around $7 million. The IRS now says MJ’s net worth was actually $1.125 BILLION!

And in a HIGHLY unusual move, the IRS claimed executors so grossly misled the agency, it doubled the tax penalty — from 20 – 40%. So the IRS claims the Estate didn’t pay $505 million worth of taxes, and when you add the 40% it comes to more than $702 Million.

As for what the agency says was under-reported:

— The Estate valued MJ’s likeness at $2,105. The IRS says the value is actually more than $434 million.
— The Estate valued Michael’s interest in a trust that owns songs by MJ and the Beatles at ZERO! The IRS says its more like $469 million.
— There’s another MJ trust the Estate claims is worth $2.2 mil. The IRS says it’s worth $60.6 mil.
— The Estate valued the Jackson 5 master recordings at $11.2 mil. The IRS says $45.5 Mil.

It’s pretty clear the Estate will fight this like crazy, but worst case scenario the taxes could wipe out what the Estate has made since MJ’s death … which could be devastating for Michael’s kids.

We contacted a rep for the Estate. So far no word back.

Michael Jackson estate slams new molestation claim

10:00 A.M. PDT — Howard Weitzman — attorney for Jackson’s estate — tells TMZ Safechuck has denied many times over the past 25 years that Michael ever did anything inappropriate to him … but is "now demanding money from Michael’s estate by claiming he suddenly recalls life differently." Weitzman says Michael is no longer able to defend himself, but "we believe these ***** and scurrilous allegations will not prevail."

A new sexual molestation claim has been filed against the estate of Michael Jackson by a man who claims the singer sexually abused him from the time he was 10 until he was around 15 … this according to a new report.

This latest claim was added on to the lawsuit filed by Wade Robson last year, so says The Daily Beast. The filing is sealed, but the site reports the claims are being made by James Safechuck, who appeared as a child alongside Jackson in a 1987 commercial for Pepsi (see below).

According to the report, Safechuck had long denied being sexually abused by Jackson, but decided to come forward after Robson made his claims public.

There were rumors about Jackson’s relationship with Safechuck in the late 80s … the singer was often seen with the young boy following their commercial together … including the opening performance of "The Phantom of the Opera" with Liza Minnelli (see above).

The estate has already objected to Robson’s claim because it was both suspicious and filed too late.

The lawyer for the latest Michael Jackson sexual molestation accuser is coming out swinging … telling TMZ the pop star routinely made the young boy skip school so he could be "available" to MJ.

James Safechuck‘s lawyer, Maryann Marzano, tells TMZ … MJ publicly flaunted his relationship with the boy, making it appear they were best friends and Safechuck was Michael’s protege. The lawyer says in reality MJ was privately molesting the kid.

As TMZ previously reported, James Safechuck (who appeared alongside MJ in a 1987 Pepsi commercial) is accusing Jackson of years of sexual abuse. MJ estate attorney Howard Weitzman has called the allegations "***** and scurrilous."

Marzano says a "narcissistic" MJ would prevent Safechuck from going to school as a 10 and 11-year-old so the boy could be available to him when he was on tour.

Marzano tells TMZ, "If there is still any question about the predatory nature of Michael Jackson’s so-called ‘friendships’ with young boys, it should be laid to rest by the indisputable facts of what Michael did to James Safechuck."

The specific accusations are sealed, but Marzano says the case against Michael is airtight.