GOSSIP & ENTERTAINMENT NEWS

Michael Jackson’s Mother Demands $500K From Estate 

Joe AppleNights

January 4th, 2024

No comments

4 views

Katherine Jackson

Michael Jackson’s mother is taking legal action against her late son’s estate. Mrs. Jackson is demanding over $500,000 to cover her legal bills.

A ‘Confidential Deal’ Gone Wrong

On Dec. 29, it was reported that in court documents filed, Michael Jackson’s mother Katherine Jackson, detailed her need for a six-figure sum to cover legal services provided by the law firm Glaser Weil Fink Howard Jordan and Shapiro

The firm billed her a total of $561,548 for their assistance in opposing the estate’s confidential deal. Since Michael Jackson’s passing in 2009, his three children, Prince, Paris, and Blanket Jackson, have become the beneficiaries of his trust. 

However, he also established the Katherine Jackson Trust to provide for his mother’s financial needs during her lifetime. 

‘Incredibly Lucrative’

The executors of Jackson’s estate, John Branca and John McClain, have encountered numerous conflicts with the Jackson family. They claim to have turned the estate’s finances around and generated substantial profits through various deals. 

In 2023, Branca and McClain sought court approval for a confidential transaction they deemed “incredibly lucrative.” However, Katherine Jackson opposed the deal, citing past successful deals she had initially objected to, such as the 2009 live concert film, This Is It. 

The executors argued that their hard work and creative strategies have transformed the MJ Estate into a profitable entity, rescuing it from substantial debt.

Legal Woes

Between April and November 2023, the law firm representing Katherine Jackson worked diligently, conducting interviews with family members, preparing exhibits for trial, gathering documents, questioning witnesses, and fulfilling other necessary tasks. 

Despite the skirmish between the estate and Katherine Jackson, the judge ruled in favor of the estate, approving the proposed transaction and instructing the executors to carry out all required actions. This isn’t the first time Michael Jackson’s estate has faced legal challenges since his passing. 

In 2023, sexual abuse allegations made by Wade Robson and James Safechuck were reopened by the California courts, causing further complications for the estate.

Lauren London Awarded 50% Ownership Of ‘Marathon Clothing’

Disputes over estates and legal battles are not unique to Michael Jackson’s situation. Celebrities like Lauren London have also experienced similar challenges. London recently secured a substantial settlement of $6 million on behalf of their son and gained 50% ownership of Nipsey Hussle‘s Marathon Clothing Company.

The post Michael Jackson’s Mother Demands $500K From Estate  appeared first on SOHH.com.

Go to Source
Author: Yasmine Duhé

News provided by RSS Feed

Leave a Reply

 
To receive newsletters of coupon discount offers & upcoming events.

 
X