crillon
Proud Member
^^This is the way I am looking at it. Michael leaves a will and dictates that the executors takes care of his mom (not exact words). They give her an allowance. When she needed money for Jermaine to pay off Alejandra, remember that child support issue from last year, Katherine went to the estate for the money. They did some creative accounting and gave her a loan, which I personally think was the money for Jermaine. They took care of the debt with the Koreans, as a loan. She asked for some money in a lump sum to pay off lawyers, some of them she used to fight the estate about the will. She got that. Now the estate can't have Katherine with a lot of bills while it is pulling in money. It will not look good. They are not really going to ask her to pay back any loans. Michael told them to take care of her needs.
If she claims she does not have enough money now, when she gets that big bill from Panish, in no way will she be able to pay for it. Her allowance is used up. Since her allowance is more than her personal bills, it stands to reason that her money is being shared with "we all know who." With a bill in the millions from Panish, she will have to ask the estate to give her some money. The estate will have to do it. Otherwise you will have Randy spreading stories about the bad estate having Katherine living in debt while Branca et al., rake in millions in fees. Michael's kids won't like that because they dote on the grandmother. It would be a mess. That is why it would be interesting to see what the next accounting looks like. I wonder how creative they will get this time. I wonder when Panish will present the bill? It might be around 10 million.
I follow your rationale and it makes perfect sense, but here's another way to look at it. Michael's Will--and more specifically, the MJ Family Trust--wasn't that open-ended. Katherine's portion is held in a trust with Branca & McClain as co-trustees and they have complete discretion over what amount of money she receives. Whenever she's requested additional funds above and beyond her allowance, the executors cleared it first with the court. Now I see that Branca/McClain might be intimidated by public opinion into granting her every wish, but at some point, they need to draw the line to protect assets for Michael's children. The AEG lawsuit & likely appeal present the ideal opportunity to set that limit.
Who's to say when this will end? She's influenced by her cubs and a stable of (likely greedy) lawyers who can find all kinds of lawsuits and ventures for her to become involved in and use Michael's Estate as a bottomless piggy bank. I hope Branca/McClain push back on frivolous or risky lawsuits and ventures initiated by Katherine, but likely driven by others, otherwise Michael's children ultimately will be the ones paying the price.
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