The Probate Lawyer Blog: “Even though Michael Jackson’s father was not included as a beneficiary in his will or trust, it hasn’t stopped Joe Jackson from trying to intercede in the legal proceedings surrounding the estate.”
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New York Times: “In death, Michael Jackson has had the comeback he always wanted. . . . Over the last year, the Jackson brand has generated hundreds of millions of dollars, and experts in the management of celebrity estates say that in the long term it might very well equal or eclipse [...] The Probate Lawyer Blog: “Someone decided to sneak a copy of Michael Jackson’s living trust document to the press, and a British website has the complete document online for your reading pleasure. . . . So what does the King of Pop’s trust reveal? . . . charity gets the first 20%, with the rest [...] The Probate Lawyer Blog: “Given MJ’s eccentricities in life, and the craziness that has surrounded his estate since he died, it is no surprise that Michael Jackson’s estate executors are busy denying wild claims left and right.” The Probate Lawyer Blog: John Branca, and John McClain, the executors of Michael Jackson’s estate, “just hit the mother-load. It was widely reported yesterday that they brokered a deal worth up to $250 million dollars (that’s right — one quarter of a billion dollars!). . . . Yes that means that Branca [...] The Canadian Press: “Two men administering Michael Jackson’s estate will receive a total of 10 per cent of the its profits minus several sizable assets, a judge agreed Wednesday. Superior Court Judge Mitchell Beckloff approved the compensation for attorney John Branca and music executive John McClain, who have been administering the singer’s [...] The Probate Lawyer Blog: “It’s been seven months since the King of Pop died suddenly at the age of 50, and fights surrounding his estate seem like they may last for many years to come. Creditors are coming out of the woodwork, with new ones surfacing on a weekly basis. The [...] CNN: “Michael Jackson’s father will have to wait until next month before a judge decides whether he’ll get a monthly allowance from the pop star’s estate. Joe Jackson, who was not included in his son’s will, is asking for as much as $20,000 a month. At a hearing Thursday, Los Angeles County [...] Los Angeles Times: “Michael Jackson’s funeral at Forest Lawn cemetery in Glendale cost more than $1 million, including $35,000 for the pop star’s burial garments, according to court documents unsealed” November 10, 2009. The Probate Lawyer Blog: “The Michael Jackson probate dispute between his mother and his two executors has been active since it started this summer. But it looks like it’s about to really get heated up.” CNN: “Michael Jackson’s mother fired the lawyers helping her fight for control of her son’s estate, but her new lawyer missed a key hearing where the judge gave more power to the men she is opposing.” Wealth Strategies Journal: “The King of Pop’s mortal life has ended with debts in excess of $500 million but the value of his immortalized image could mean an immensely valuable future estate. What can the estate-planning profession learn from the Michael Jackson estate? What kind of testamentary document was used? Was the [...] Two top trust advisors explain why celebrities, including Michael Jackson, often die with little or no legacy planning. Why do so many celebrities drop the ball and pass away with no will or estate plan in place? Michael Jackson did have some plan in place. Based on what [...] Mercury News.com: The fight over Michael Jackson’s estate is just beginning. Stay tuned. Katherine Jackson’s attorney says a judge’s ruling that she can challenge the administrators of her son’s estate could result in a deal that will determine control of the singer’s gargantuan assets. Los Angeles Superior Court [...] |
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