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Thread: What and who exactly is the Estate?

   
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    Default What and who exactly is the Estate?

    I use that word in discussions and I see it here a lot as well. I know it's responsible for future projects but when was it established and who is (in) it?

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    Default Re: What and who exactly is the Estate?

    Quote Originally Posted by JichaelMackson View Post
    I use that word in discussions and I see it here a lot as well. I know it's responsible for future projects but when was it established and who is (in) it?
    Estate administration is the process that occurs after a person dies. During this process, a person’s probate assets are collected, his or her creditors are paid, and then the remaining assets are distributed to his or her beneficiaries in accordance with his or her will. Probate assets are all assets that the decedent owned, in his or her name alone, when he or she died. If a person left a will, the will determines the distribution of those assets.

    In order to determine who the decedent selected to administer his or her estate, locate the decedent’s will. The person named as the administrator must file the will with the court and petition to open the process of probate.
    https://www.estateplanning.com/What-...a-Person-Dies/

    The co-trustees of MJ's Estate are John Branca and John McClain.

    The MJ Estate still appears to be 'in probate' awaiting finalisation of the payment of death duties. (See IRS case in 'Trials and Tribulations).


    The Estate is also obviously involved in other legal cases (eg vs HBO, vs Tohme Tohme), and the outcomes of those cases may have financial ramifications.

    Other info about the MJ Estate is on the Michael Jackson internet page:
    https://www.michaeljackson.com/michael-jackson-faq/
    'We may not change the world in one day but we still can change some things today, in our small way.'[/SIZE][/SIZE]

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    Default Re: What and who exactly is the Estate?

    Not trying scare anyone. but what would happen if they die in the future?



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    Default Re: What and who exactly is the Estate?

    Quote Originally Posted by NatureCriminal7896 View Post
    Not trying scare anyone. but what would happen if they die in the future?
    We'd be a lot better off as MJ fans quite frankly lol.

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    Default Re: What and who exactly is the Estate?

    Quote Originally Posted by NatureCriminal7896 View Post
    Not trying scare anyone. but what would happen if they die in the future?
    I’m not pessimistic by nature, but I can tell you that they will die in the future.
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    Default Re: What and who exactly is the Estate?

    I'm not either. i'm worry who would take it then? his kids? the family?



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    Default Re: What and who exactly is the Estate?

    Quote Originally Posted by Dunk96 View Post
    We'd be a lot better off as MJ fans quite frankly lol.
    "Fans would be better off if McClain and Branca were dead."

    Not gonna lie to you, this is messed up.

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    Default Re: What and who exactly is the Estate?

    Quote Originally Posted by NatureCriminal7896 View Post
    I'm not either. i'm worry who would take it then? his kids? the family?
    We’ll have total anarchy. Fans will raid the vault.

    Nah, I’m sure there’s a plan in place. It’s a business, someone else will handle it. For now, I wish them a long and healthy life.
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    Default Re: What and who exactly is the Estate?

    I don't wish McClain and Branca death. i was only asking what will happen when that day comes. we don't want anyone who wasn't close to Michael to run it. the only thing i want from McClain and Branca is for them to do their jobs more often and give us more and new content.



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    Default Re: What and who exactly is the Estate?

    Would it be possible for either 3T or Michael’s kids running the Estate if both Branca and McCain would be gone? I think they would be suitable to take job as executors.
    SUPPORTER/FAN of MICHAEL JACKSON & NARUHINA

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    Default Re: What and who exactly is the Estate?

    Quote Originally Posted by AlwaysThere View Post
    "Fans would be better off if McClain and Branca were dead."

    Not gonna lie to you, this is messed up.
    I dont think thats what he meant. He meant that the estate as we know it in terms of how it is managed run should "die". Not the people running it. I agree. We would be in better hands if other people (his kids/brothers) were in charge imo.

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    Default Re: What and who exactly is the Estate?

    Quote Originally Posted by Robbsaber01 View Post
    I dont think thats what he meant. He meant that the estate as we know it in terms of how it is managed run should "die". Not the people running it. I agree. We would be in better hands if other people (his kids/brothers) were in charge imo.
    No that's exactly what I meant. We as MJ fans would be far better off with family members (Janet especially) over Branca/McClain. They're part of the reason Michael is no longer here,along with Ortega and Phillips. So quite frankly I do wish karma would come give them a kiss. I don't really care if it's messed up because if they hadn't entered his life again in December 2008 Michael would still be here.

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    Default Re: What and who exactly is the Estate?

    John Branca or John McClain can appoint another executor of the Estate (as a replacement for the deceased executor).

    But, Janet Jackson is not suitable for becoming an executor of the Estate because:

    Firstly, she lacks the legal experience and qualifications in order for her to successfully run the numerous and complex matters of the Estate.

    And secondly, becoming an executor requires the time commitment factor, and certainly she has not time to devote on the Estate’s matters considering that her career as an artist takes up already a lot of her time (concerts, albums, etc).

    I know that some of the Jackson siblings are dissatisfied with certain things that these two current co-executors did, but so far John Branca and John McClain generally have been handling the Estate’s matters effectively.

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    Default Re: What and who exactly is the Estate?

    Quote Originally Posted by mj_frenzy View Post
    John Branca or John McClain can appoint another executor of the Estate (as a replacement for the deceased executor).

    But, Janet Jackson is not suitable for becoming an executor of the Estate because:

    Firstly, she lacks the legal experience and qualifications in order for her to successfully run the numerous and complex matters of the Estate.

    And secondly, becoming an executor requires the time commitment factor, and certainly she has not time to devote on the Estate’s matters considering that her career as an artist takes up already a lot of her time (concerts, albums, etc).

    I know that some of the Jackson siblings are dissatisfied with certain things that these two current co-executors did, but so far John Branca and John McClain generally have been handling the Estate’s matters effectively.
    Whatever this statement is true or not. you're right. janet got her own things to worry about. she can't hold her things and Michael's. or can she?



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    Default Re: What and who exactly is the Estate?

    I really think his kids or his nephews should take it. Michael really didn't trust some of his family with his things anyway. which explains a lot.



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