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Michael Jackson’s Family Demands Estate’s Executors Resignation / Estate Responds
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Korgnex
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People and fans can take this a an opportunity to learn a few things about the law in their own country.
Something the Jacksons probably won't do - to their sorrow.
For anyone who can read German an explanation of how the legal situation compared with the German law looks like, go to either JACKSONVILLAGE or MALIBU.
Btw, here you can read Michael's valid will from 2002:
http://documents.nytimes.com/michael-jacksons-will
Something the Jacksons probably won't do - to their sorrow.
For anyone who can read German an explanation of how the legal situation compared with the German law looks like, go to either JACKSONVILLAGE or MALIBU.
Btw, here you can read Michael's valid will from 2002:
http://documents.nytimes.com/michael-jacksons-will
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loveforever
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even the lioness know the cubs have to learn to live on their own. When the cubs grow up, the lioness will kick them off :doh:. I never understand those Jacksons mentality, their entitlement to Michael's money is mind boggling. Michael Jackson had fed his whole family since he was 5 when he should have enjoyed his childhood just being a cub -->kid lol so jermaione basically admitted they have always leeched off Michael's money through Katherine and that's their Jackson 'philosophy'. The jacksons nonsense never stop shocking me and this come from the 50/60+ years old man makes it more pathetic. In real world Shouldn't it be the grow up 60 years old 'cub' to takes care of the very very old 80 years old 'lioness'?
Bonnie Blue
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Anyone pick up on what mrs j's lawyer claimed, not sure how accurate he was being. Mrs j's allowance used to be $26k pm until it was raised some time ago but the new level was never disclosed. So from this it seems she is now getting around $250k a month - no idea if this sum includes bills of staff/rent. A quarter million dollars a month is a heck of alot of money, there's only so many blue trousure suits you can buy, so i can only imagine that alot of this money is going to the cubs - but clearly this isn't enough.
Of course, we mustn't forgot detective latoytoy's discovery of post it notes in mj's carolwood bedroom where mj wrote that he hated branca and didn't want to sit next to him on a plane. Important evidence that will need to be sent to baker hosteler as long as the lawfirm haven't already moved address and changed their telephone number after hearing about randy's letter on celebuzz.
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AliCat
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One aspect of Michael's personality that I will forever cherish is he was a man of virtue.
Virtue---moral excellence; goodness; righteousness.
conformity of one's life and conduct to moral and ethical principles; uprightness; rectitude.
All of a sudden the $500M debt is paid down, the kid's are edging ever closer to age 18, being legal and look what crops up, this nasty letter spewing defamation of character. It really shows what we have ever been suspect of. Joe Jackson got in Randy Phillips face on May 15, 2009 and that's what we will hear if the lawsuit makes it to Court. Leonard Rowe was sued by R Kelly and that's who Joe Jackson trusted as a Concert Promoter/Business Manager for his son, Michael??? Enough with all these greedy leeches. This is why Joe Jackson is hanging out, at the moment, with Dieter Wiesner, another greedy leech, who did not have Michael's best interest at heart!
Virtue---moral excellence; goodness; righteousness.
conformity of one's life and conduct to moral and ethical principles; uprightness; rectitude.
All of a sudden the $500M debt is paid down, the kid's are edging ever closer to age 18, being legal and look what crops up, this nasty letter spewing defamation of character. It really shows what we have ever been suspect of. Joe Jackson got in Randy Phillips face on May 15, 2009 and that's what we will hear if the lawsuit makes it to Court. Leonard Rowe was sued by R Kelly and that's who Joe Jackson trusted as a Concert Promoter/Business Manager for his son, Michael??? Enough with all these greedy leeches. This is why Joe Jackson is hanging out, at the moment, with Dieter Wiesner, another greedy leech, who did not have Michael's best interest at heart!
Billie Jean 78
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He actually wrote that? :doh:
I don't think Michael would be very happy to see that so much money is going indirectly to his brothers and sisters (via Katherine of course). I think the Estate should imidiately reduce Katherine's monthly allowance or at least demand receipts!
In real life a 60-year old would be helping his own young adult cubs to become independant! But I doubt these ones are doing it!
elusive moonwalker
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Obviously not considering all the money making scams jerm has created the last three years. kjs money is audited hence it going down to 26k from 30 plus. although im sure some makes its way to the family as what 80 plus year old needs 26k a month spending money. jerms comment is a typical jackson mentality of entiltlement. doesnt he realise how pathetic it makes him look. a near 60 year old needs mum to pay for him and his kids.
and considering kj gets her allowance until she dies then it all gies to the kids that kinda ruins jerms comment. i guess hes hoping she lives to at least 120!
and considering kj gets her allowance until she dies then it all gies to the kids that kinda ruins jerms comment. i guess hes hoping she lives to at least 120!
Billie Jean 78
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Someone wrote in this thread that it's supposed to be a tenfold sum of money she receives per month. Could that in anyway be true, when all other costs are included? I know that she gets 26k + money for staff, lawyers, etc.
elusive moonwalker
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I believe ivy said the 26k is just pocket money so to speak. the estate pays for the house and bills ontop of that
Michael's choice is a guideline although not binding. For example they cannot just give the children to Diana Ross, she has to want to take them or children might have better relationship with other people / relatives and so on. So the answer is although the court will consider Michael's wishes it would make a decision in regards to what's best for the children
yes , court will hear the children and ask them what they want
yes
they can determine their successors. At this time I would expect that they have determined who will replace them
technically no, they start to get the share of principal when 30, so they would start to have a say from that age. They can only be an executor prior to turning 30 if the current executors add them in some capacity.
yes, if one resign the other one can run it alone, if both resign whomever they decided to take their place runs it, if there's no future executor determined then Bank of America takes over.
Billie Jean 78
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elusive moonwalker
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The will says so. personally im not a fan of that but thats just me
CaptainEoLove85
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Does the family really have to drag out their feud to Twitter every single time? It's embarrassing :doh:
Oh really Jermaine, like what? Because surely Michael not including you in his will was a mistake. :smilerolleyes: BTW, bravo to Paris. :clapping:
Oh really Jermaine, like what? Because surely Michael not including you in his will was a mistake. :smilerolleyes: BTW, bravo to Paris. :clapping:
prettygirl_
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Jermaine is a JOKE. Actually the whole family is. -_-
bluetopez
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I didn't really like how some thought it was disrespectful of Pars to address Randy the way she did on Twitter. How come the poor girl feelings are being considered when she read her Grandma was sick? The only Guardian she has now. Reading what Randy wrote could have really scared her. So Randy was the one being disrespectful airing this publicly like that not Paris trying to figure out what the hell was goin on and why her Uncle would say something like that. If it were me I would have called his behind out too. Wether the stroke was recent or long ago that is no way for MJ kids to find out about it or having this aired out for all to read!
Elusive is right. the trust says "Nationsbank" which is currently "Bank of America".
And this also shows the trust/ will is probably set up prior 1998 because that's when Nationsbank name was changed to Bank of America.
they can run it alone. I'm not sure about a replacement part. I mean the executor's can determine who will take their place but I don't think they can determine for the other person.
Jermaine Jackson Says Mother Did Have Stroke, Wages War to Get Michael’s Money
07/19/12 12:42pmRoger Friedman0
Jermaine Jackson is waging war against TMZ and other outlets who quoted his niece, Paris, last night. Jermaine, with whom Michael Jackson had little or no contact for the last couple of years of his life, is claiming that his mother,Katherine, did in fact have a stroke. He Tweeted: “As Paris tonight clarified, she earlier rushed to end Twitter talk that Mother is ill TODAY, but Paris didn’t expose any “lie” as TMZclaim…The truth is that Mother DID suffer a mini-stroke some months ago. She is fine now, but the timeline doesn’t alter the fact it happened.” Jermaine adds: “This is a serious matter that has been weighed carefully, including taking into account Michael’s thoughts and feelings when he was alive…”
None of this is going to fly. Michael Jackson was estranged from his siblings most of the time. He left them out of his Will, purposely. For years Jermaine, his children, and ex wife lived with Katherine Jackson at her Hayvenhurst Avenue estate in Encino. But all that has changed. Katherine and Michael’s three children have moved to a house in a gated community in Calabasas. The Hayvenhurst house was renovated and is up for sale. Everyone not supposed to be living there has been given the boot. That hasn’t made anyone happy.
All of this squawking about Michael’s Will, and the siblings trying to get money is kind of ridiculous. The Will is not going to be overturned. The Jackson siblings don’t seem to get the reality of their situation three years after Michael’s death.
http://www.showbiz411.com/2012/07/1...d-have-stroke-wages-war-to-get-michaels-money
07/19/12 12:42pmRoger Friedman0
Jermaine Jackson is waging war against TMZ and other outlets who quoted his niece, Paris, last night. Jermaine, with whom Michael Jackson had little or no contact for the last couple of years of his life, is claiming that his mother,Katherine, did in fact have a stroke. He Tweeted: “As Paris tonight clarified, she earlier rushed to end Twitter talk that Mother is ill TODAY, but Paris didn’t expose any “lie” as TMZclaim…The truth is that Mother DID suffer a mini-stroke some months ago. She is fine now, but the timeline doesn’t alter the fact it happened.” Jermaine adds: “This is a serious matter that has been weighed carefully, including taking into account Michael’s thoughts and feelings when he was alive…”
None of this is going to fly. Michael Jackson was estranged from his siblings most of the time. He left them out of his Will, purposely. For years Jermaine, his children, and ex wife lived with Katherine Jackson at her Hayvenhurst Avenue estate in Encino. But all that has changed. Katherine and Michael’s three children have moved to a house in a gated community in Calabasas. The Hayvenhurst house was renovated and is up for sale. Everyone not supposed to be living there has been given the boot. That hasn’t made anyone happy.
All of this squawking about Michael’s Will, and the siblings trying to get money is kind of ridiculous. The Will is not going to be overturned. The Jackson siblings don’t seem to get the reality of their situation three years after Michael’s death.
http://www.showbiz411.com/2012/07/1...d-have-stroke-wages-war-to-get-michaels-money
earthlyme
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This is a Damn shame!
L.o.v.e.
Romi
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AliCat
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Paris Jackson is a formidable vindicator of her father's name and damned anyone who challenges that, including dimwits who want to take the Estate down. Randy Jackson went over the top and Paris called him out about his lies. You go girl!
Petrarose
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Marc thanks for that report about the Brando will. Maybe we should sent it to the Jacksons who signed to help them understand why they have no standing to claim anything about Michael's will. What court are they going to take this to? Jermaine is saying Katherine had a stroke before, so why did people in the house claim she was OK when the paper called to verify the story. Why didn't they say she had a stroke before but now is OK?
I see they are going with the usual "more to come" story. We heard that for all their "who murdered Michael conspiracies," the evidence they had about AEG's role in Michael's death, and when they were promoting the Wales tribute. We are all still waiting for the "more to come" information. If you send out a letter for someone to resign, why not put your best ammunition in the letter, so that they would get real scared and bolt? Why hold back to give the information at a later date?
I see they are going with the usual "more to come" story. We heard that for all their "who murdered Michael conspiracies," the evidence they had about AEG's role in Michael's death, and when they were promoting the Wales tribute. We are all still waiting for the "more to come" information. If you send out a letter for someone to resign, why not put your best ammunition in the letter, so that they would get real scared and bolt? Why hold back to give the information at a later date?
What do they think they can do to change anything? They are not in the will. They are pathetic and desperate. Even the media can see that. Even non fans can see that the estate is doing a great job. All they need to see is that they made $475 million and think that is good. That just kills certain people in that family who will not have any access to that. The AEG thing is their last chance to get the big bucks. They don't think and they probably didn't expect that AEG would come after them so hard. They never thought that their lives and business would be discussed only Michael's. They don't want people to see how they have lived off Michael their whole lives. As for Janet she could learn something from Paris. Why should she care she isn't in the will. She has plenty of money of her own to last her whole life. She probably doesn't want them turning to her like they did Michael. A human ATM machine. Michael was too good to his family. They never appreciated it then and they will never now.
Paris was just being honest. Something her aunts and uncles clearly don't know how to do. Unfortunately they have to learn the hard way how their father's family can be. I wish Michael was here and he would protect them from all this craziness. To me the fact that Paris called them out like that shows that she won't take crap even from a family member and she has a mind of her own.
Paris was just being honest. Something her aunts and uncles clearly don't know how to do. Unfortunately they have to learn the hard way how their father's family can be. I wish Michael was here and he would protect them from all this craziness. To me the fact that Paris called them out like that shows that she won't take crap even from a family member and she has a mind of her own.
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CherubimII
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I just saw the Jane Valez Mitchel report on HLN. The reporter named Alan Duke said that last Sunday Janet, Randy, and Rebbie came to Calabasas, picked up Katherine Jackson and took her on vacation to a Spa in Tuczon, Arizona. Katherine Jackson's lawyer told the reporter that Paris Jackson has been calling the Spa to try and speak to her grandmother; but no one there will let her speak to her grandmother. This has made Paris Jackson extremely upset. (Rememeber folks Paris just lost her father, Michael, three years ago.)
Question: Why are their aunts and uncles being so mean to Michael Jackson's children: Prince, Paris, and Blanket Jackson?
Question: Why are their aunts and uncles being so mean to Michael Jackson's children: Prince, Paris, and Blanket Jackson?
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Petrarose
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Now this makes sense^^. They picked up Katherine to have an intervention with her away from the children. There they told her what they were going to do and asked her to sign. They most likely told the spa not to allow any calls to come through because they wanted their mom to have a rest from the children and work. Poor Paris keeps calling because she loves this woman. Katherine declined to sign the letter, and the kids drop her back home and continued their plan of submitting the letter.
As we said from the beginning of the thread, this most likely was precipitated by the fact that the AEG case is not going well. They thought AEG would be ashamed and decide to settle. Most likely some lawyer told them that most big companies settle so to go ahead with their case. Hopefully the situation will get worse for them, and they will drop this case that is based on greed.
If that is true then that is wrong. She should be able to talk to her grandmother anytime she wants to.