Michael Jackson's 93-year-old mother Katherine is suing for more than $500,000 over her late son's estate. She is seeking reimbursement from the King of Pop's estate for legal fees incurred in trying to stop the estate from proceeding with a “lucrative deal.”
According to a report from radar online, Jackson's mother asked the court to order her late son's estate to pay $561,000. The money will cover the huge legal fees she received from her law firm, Glaser, Weal, Fink, Howard, Jordan & Shapiro. She hired the firm to prevent the estate from proceeding with confidential transactions.
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From April 1st to November 30th of last year, the office carried out a variety of tasks, including interviewing family members, preparing evidence for trial, preparing preliminary documents, collecting documents, and questioning witnesses.
The judge stated, “The proposed transaction is approved and the executor is authorized to carry out the proposed transaction, including, but not limited to, signing all agreements and performing all obligations required of the estate.'' “I am authorized and directed to take all actions necessary to do so,” the court ruled in favor of the estate. ”
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Jackson's mother then appealed the decision to a higher court. She is hoping her late son's estate will pay her legal costs while she awaits her appeal.
Michael Jackson's estate responds
Before his death in 2009, Jackson left most of his fortune to his three children, Paris, Prince, and Blanket. Additionally, he established the Katherine Jackson Trust to care for his mother throughout her life. He also appointed John Branca and John McClain as executors of his estate.
McClain and Branca work to keep the King of Pop's legacy alive. This involves making transactions that bring money into real estate.For example, they were behind This is it! , One of the highest-grossing concert films of all time. Katherine Jackson also opposed the deal.
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In their filing with the court, the executors issued a joint statement. “The estate was on the verge of collapse, with over $400 million in debt weighing on Michael's most important assets, with little or no liquidity or means to repay that debt,” the statement read. has been written. “Through creative thinking, hard work and business savvy, and of course Michael's extraordinary creative legacy, the executives have transformed the MJJ business into a profitable enterprise.”
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