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https://atlantablackstar.com/2024/01/07/katherine-jackson-seeking-561k-from-son-michaels-fortune-estate-battle/
Submission: On February 14 via manual from US — Scanned from US
Submission: On February 14 via manual from US — Scanned from US
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Skip to content Close Search for: Search * Entertainment * News * Lifestyle * Videos * Politics * Sports * Celebrity News * World * Africa * Latin America * Caribbean * Fashion & Beauty * TV * Subscribe * Contribute Stay Connected * Facebook * Twitter * Youtube * Instagram Primary Menu * Entertainment * News * Lifestyle * World * Videos * Subscribe * Contribute Atlanta Black Star Stay Connected * Facebook * Twitter * Youtube * Instagram Trending Topics Atlanta Black Star/Entertainment/Celebrity News Celebrity News KATHERINE JACKSON WANTS $561K IN LEGAL FEES ON TOP OF HER $1M ALLOWANCE AS SHE FIGHTS MICHAEL’S ESTATE EXECUTORS OVER PROPOSED SECRET DEAL Posted byBy Angelina Velasquez | Published on: January 7, 2024 CommentsComments (0) Share: The legal battle between Katherine Jackson and John Branca and John McClain, the executors of her late son Michael Jackson’s estate, is hardly over. The family matriarch is now reportedly seeking a half-a-million-dollar payout from the music icon’s estate to cover her attorney fees. Katherine has been embroiled for months in an ongoing fight to appeal a judge’s order allowing the executors to move forward with a lucrative business deal to increase the singer’s posthumous fortune. Documents obtained by RadarOnline allege that she is on the hook for $561,548 in related costs to the appeal process. Michael Jackson’s mother, Katherine Jackson, (Photo by Michael Hickey/WireImage) In the filing, she stated that the estate has “ample resources and much more than will be necessary to pay its anticipated expenses.” Branca and McClain have been overseers of Michael’s remaining wealth and assets since his death in 2009. Temp 10000000 989756105377123 1201049941686365534 N 0 seconds of 1 minute, 18 secondsVolume 0% Press shift question mark to access a list of keyboard shortcuts Keyboard ShortcutsEnabledDisabled Play/PauseSPACE Increase Volume↑ Decrease Volume↓ Seek Forward→ Seek Backward← Captions On/Offc Fullscreen/Exit Fullscreenf Mute/Unmutem Decrease Caption Size- Increase Caption Size+ or = Seek %0-9 facebook twitter Email Linkhttps://cdn.jwplayer.com/previews/x3NswH5S Copied Embed<iframe src="//cdn.jwplayer.com/players/x3NswH5S-mN1DyCbO.html" width="640" height="360" frameborder="0" scrolling="auto"></iframe> Copied Live 00:00 01:18 06:48 His three children, Prince, Paris, and Bigi, most commonly known as “Blanket,” are the beneficiaries of the estate; however, the King of Pop made sure his mother would be cared for in his absence through a trust established solely for her care. The latest round of the legal melee between the elderly mother and the “Smooth Criminal” artist’s estate team comes a year after the men sought a judge’s approval to move forward with a lucrative business proposal, rumored to be the sale of half of the icon’s music catalog for $800 million. While details of the secret business arrangement have remained protected by sealed court documents, but it is clear that both Branca and McClain believed it would substantially benefit the late entertainer’s estate and children, who have not expressed opposition to the deal. The singer reportedly died with millions of dollars worth of debt. By December 2022, it was estimated that his legacy had amassed more than $2 billion in earnings from various projects orchestrated by Branca and McClain. Still, the 93-year-old appeared in court in April when she testified in opposition to the deal. “The Estate was teetering on the verge of collapse, with more than $400 million in debt that encumbered Michael’s most significant assets and little or no liquidity or means to service that debt. Through creative thinking, hard work and business savvy—and, of course, Michael’s extraordinary creative legacy—the Executors transformed the MJJ Business into a profitable enterprise,” said the estate overseers in a previous filing. Katherine was served with a $909,263.94 tax lien for her Calabasas home by the state of California in November. According to Radar Online, she failed to pay her tax bill in full between 2018 and 2021. In May, it was also reported that the mother of ten received a nearly $1 million allowance from the estate in 2022. Tagskatherine jacksonMichael Jackson Share: RELATED STORIES Celebrity News PARIS JACKSON REVEALS SHE ONCE RECEIVED DEATH THREATS OVER BIRTHDAY TRIBUTES FOR HER FATHER MICHAEL JACKSON CommentsComments (0) Entertainment ‘MJ MADE A HARD SONG GO SOFT’: FANS REACT AFTER 50 CENT SHARES VIDEO OF CHRIS TUCKER JOKING ABOUT MICHAEL JACKSON SINGING ‘IN DA CLUB’ CommentsComments (0) Celebrity News ‘MY AUNT GOT A LOT DIRTIER THAN MY UNCLE’: JANET JACKSON’S NEPHEW SAYS HE ‘NEVER LIKED’ HER SEXUAL PERFORMANCES, CLAIMS ‘IT DEGRADES AND OBJECTIFIES WOMEN’ CommentsComments (0) Back to top Stay Connected * Facebook * Twitter * Youtube * Instagram Atlanta Black Star is a narrative company. We publish narratives intentionally and specifically to enlighten and transform the world. Contact us: info@atlantablackstar.com SUBSCRIBE Sign up to receive The Atlanta Black Star Newsletter in your inbox. Sign Up SUBSCRIBE Sign up to receive The Atlanta Black Star Newsletter in your inbox. 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