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I just don't get it. I would expect it from most of the, but Rebbie and Janet? what's going ong....
I just don't get it. I would expect it from most of the, but Rebbie and Janet? what's going ong....
I just don't get it. I would expect it from most of the, but Rebbie and Janet? what's going ong....
I just don't get it. I would expect it from most of the, but Rebbie and Janet? what's going ong....
Rebbie has been backstabbing Mike for a long time. Her friendship with Stacy Brown and all...
The shock of Michael’s sudden unexpected passing was overwhelming to our family, to say to least. At that time we could’t possible fathom what is so obvious to us now: that the Will, without question, it’s Fake, Flawed and Fraudulent.
I can almost believe he was an alien or they took wrong baby from the hospitalHow in the name of all that is good did Michael Joseph Jackson come from this tacky family?!!!!!
i suppose he;s working along the lines of an aeg/colony capital/sony/executors grand conspiracy.
I was just posting yesterday in another thread about the jacksons hiring lawyers 2 days after mj died to take over the estate and then to challenge the will when branca presented it. Their bill was $350k and they were wanting mj's estate to pay for it. They really can't claim they were completely paralysed with shock - they did all they could to get round that will.
Wonder what randy meant in his letter about things becoming clearer in 'the coming weeks.' - hopefully another of his ineffectual threats. Interesting that he thought to include tom barrack in his cc along with martin bandier, the ceo of sony/atv as well as the usual suspects at aeg - i suppose he;s working along the lines of an aeg/colony capital/sony/executors grand conspiracy.
Yeah, he knows which words to drop in for the tinfoil hat wearers to tune in. Much like the whole debacle on twitter involving the Cascio tracks. Wish I'd ever seen 3T act as concerned about MJ's legacy in the last few years than they were over those 3 songs
marc_vivien;3672387 said:
http://www.forbes.com/sites/trialan...s-siblings-promise-new-fight-over-his-estate/
Michael Jackson’s estate faced a tumultuous beginning three years ago after he unexpectedly died. First his mother, Katherine, and then his father, Joe, filed challenges against the executors of his Estate, John Branca and John McClain. Katherine backed off her attack and Joe’s case was thrown out of court.
Since then, the Estate has been relatively peaceful, at least on the surface. Branca and McClain have led the Estate from a debt-ridden start to enormous profits. They began around $500 million in the red when the King of Pop died. Three years later, the Estate reported $475 million in profits.
Of course, Branca and McClain have enjoyed a huge financial windfall from this as well. They have a special arrangement, blessed by the probate judge who oversees the estate, allowing them to earn 10% from most deals they cut for the Estate. Branca and McClain are now facing a new attack over their earnings … and that’s just the beginning.
Several of Michael’s brothers and sisters — including Janet, Randy, Tito and Jermaine — signed a letter that they sent to Branca and McClain accusing the pair of fraud, forgery, exploitation and abuse. The letter was published on acelebrity gossip website yesterday.
In it, Jackson’s siblings claim his July 7, 2002 will was “Fake. Flawed and Fraudulent.” They say Michael was not in Los Angeles that day and couldn’t have signed the will. The letter also says that Michael told them in the months leading up to his death that he despised the pair and didn’t want them to have anything to do with his life or estate.
But that’s not all. The letter states that Branca and McClain lied and took advantage of their 82-year old mother, managing to get her to agree to increases in their percentage fees from the gross income of the estate. They claim to be considering retaining a well-respected law firm, Baker Hostetler, who advised them of potential criminal misconduct by the executors. They promise legal action in the weeks to come.
Branca and McClain released a prompt statement refuting the allegations. They deny that the will or their actions have been fraudulent and point out that three separate courts have rejected a challenge to the will. The executors say the courts laid to rest any doubts as to the will’s validity. They lament that the accusations have been brought in the midst of their remarkable progress in securing the financial future of Michael’s children. Branca and McClain say they have diligently carried out their fiduciary duties. They decry the Jackson siblings “false and defamatory accusations grounded in stale Internet conspiracy theories”.
So, yes, it looks like the fighting over Michael’s Estate may soon return to court. If so, it will likely be a short-lived battle. The reason that Joe Jackson lost his legal challenges is because he is not a beneficiary and lacks legal “standing.” Because he would not benefit from the estate, he could not challenge the executors. Michael’s siblings will have the same problem if they try to bring suit.
However, this raises an interesting point regarding the executor’s statement. Because Joe did not have standing to bring his challenge to court, and because Katherine withdrew her claim before it was ruled on, no judge has ever decided the issue of whether Michael’s will was valid or not. In other words, Branca and McClain’s statement in response to the Jackson siblings’ letter was somewhat misleading.
At this point, unless Katherine reverses course and brings a formal will challenge (which is likely too late at this point), no court of law will resolve the question of whether the will was validly signed anytime soon. The Jackson siblings say that their mother, who is 82 and recently had a mini-stroke, is afraid to challenge the will in court. If that is the case, that type of claim could only proceed if brought by Michael’s children. Once they each turn 18, any of his children will have the legal right to challenge the will and the actions taken by the executors. Michael’s son Prince is 15 years old.
It’s interesting that the Jackson siblings focus on Michael’s will and do not mention his trust. Michael also had a trust, along with his will, but interestingly, the trust was dated a few months before the will. The will provides that Michael’s assets are to be distributed to his trust, and from there to Katherine, his children, and charity. But the entire document is far from the quality one would expect from any experienced estate planning attorney. Usually, wills and trusts of this nature are prepared and signed together. And estate planning documents prepared for someone of Michael’s wealth and status are almost always much more comprehensive and well-planned than Michael’s will and trust.Does that mean that the Jackson siblings’ allegations of fraud and conspiracy are true? No; that remains to be seen. But certainly there are a number of questions that would be very interesting to see explored through a lawsuit brought by people who actually do have proper legal standing. It may be that there are legitimate explanations for the question raised by the Jackson family. Perhaps someday it will all play out in court.The reality is many people in our country fall victim to abuses through coercive changes to wills and trusts — even for people of modest wealth. Too many people see the elderly or others who have medical conditions as easy-prey, and lawsuits to challenge invalid wills and trusts are often complicated and expensive. Anyone who thinks they have a loved one who was taken advantage of in a way that led to a will or trust that wasn’t what they really wanted should consult with an experienced probate litigation attorney before it’s too late, to learn what legal rights they have.
This is an issue which will be brought to the forefront over the coming months.
By whom?
The family members who signed that silly missive are not beneficiaries to Michael's will and therefore have no legal standing to make any claims. Notwithstanding that the time to make such a claim has passed.
But you know what, I'm not surprised, we see this type of thing everyday in life, i.e. when family members are left out of a Will they ALWAYS cry foul.
If the family got an equal cut of Michael's assets, I'm sure they would give a hoot as to who the Executors were, as long as they got their slice. They are so very transparent with their actions, in my opinion.
Is there more info on this?
I know TMZ had a strange updated on the 27th of June where they said they had been informed that Mike's estate would be run by Randy Jackson and Leonard Rowe.
Yes, they work fast indeed.
Katherine Jackson's former attorneys are continuing their legal battle against her son's estate and in their latest filing, have asked the court to award them $350,000 for costs and fees they say were run up in the days immediately following Michael's death in 2009.
In the court documents obtained by RadarOnline.com, the fees and costs the firm of Rosenfeld, Meyer & Susman are requesting are termed "reasonable under the circumstances," of Katherine briefly taking control of Michael's estate, and even include $18,000 incurred in connection with Michael's funeral!
The breakdown of the fees are listed in the documents:
$18,070.00 Petition for Payment of Funeral Expenses
$40,613.61 for Appointment of Mrs. Jackson as Special Administrator
$58,939.61 Petition Confirming Ability to Challenge Personal Representatives
$231,575.21 Negotiations with Subsequent Special Administrators and Their Council, Including Review of Contractual Arrangements.
I know TMZ had a strange updated on the 27th of June where they said they had been informed that Mike's estate would be run by Randy Jackson and Leonard Rowe.
Yes, they work fast indeed.
Reminds me of when my grandmother died, my uncle's wife went in and had all her nice furniture shifted into their own house by lunchtime. You never see greed quite like the one that comes out when relatives die.
"Katherine Jackson's lawyer Perry Sanders disputed that she was in poor health."Mrs. Jackson is extremely lucid and does a great job caring for Michael's children," Sanders said Wednesday.