Soso Deaf;3137970 said:
theONLY shady thing going on is the estate putting restrictions on how much she gets monthly. im sure once the kids all leave teh damn house, she'll be off a spending cap BUT however much she gets goes straight to the lawsuit she defaulted on so it makes sense not to give her a big allowance b/c she gets none of it.
well, if you read the will you will know there is nothing shady about it. Even after the probate is over and the admins take full control of the estate and the trust ,MJ's instructed them to pay for Katherine's living expenses only for the rest of her life nothing more nothing less regardless of the figures put in her trust.
For example, MJ granted his kids the privileges of asking for more for weddings, new houses, education and to start new business. His mother was not. She can't ask for more money to do businesses or anything else beside her living expenses, she sure can't ask to support financially other family members .The estate is bonded by MJ to cover her living expenses ONLY as long as she is alive.
Let's assume Hyvenhurst was not owned by the estate. Katherine needed a permanent house to live in. The estate under the will's term had to provide her with home allowance, still she would not have the right to decide whether the house be bought or rented. In case the estate decided to buy a house, she would not have any right to demand it's registered in her name. A house could be bought using money from her trust but would be registered in the estate's name because the assets should at the end be inherited by the real heirs of the estate which are MJ's kids and not Katherine's heirs. Clear?
She can hire an army of lawyers and demand more claiming the estate is making hundreds of millions of dollars and the profits deposit in the trust created in her name worth hundreds of millions , beside a monthly allowance covering only her living expenses which are fully determined by the executors ,she will not get anything. That's MJ's wish.
In Elvis's will he dedicated a section listing the members of his family who should have been provided for after his death and the exact expenses his estate should have been covering ( those were beneficiaries of the will) even though his daughter was the only heir of his estate.
MJ could have done the same with his siblings, cousins,joe....etc. He not only did not name any of them as beneficiary of any sort , he also actively limited Katherine's ability to provide for any of them using her position as a short term beneficiary of his will.
The judge determined Katherine's allowance as $ 24.000 a month. Believe me if she does not need more for health care , even after the probate is over that could be the amount she will get for the rest of her life.
That will was worded in away that showed great respect to Katherine but still clear indication there was great lack of confidence in her decisions. His kids at 30, 35 and 40 will get to control and make decisions but his mother will never do.
MJ committed himself to protect her for begging the rest of the family for an allowance he knew for sure they would not even provide. Beside her LIVING EXPENSES he made sure she does not get a penny unless the executors say otherwise.
that's why the family was super pissed after they got hold of the wills documents, their lawyers explained to them that "40% beneficiary “word was only there to show 'respect' when in reality the situation was far far from that.