Inside the Fight Over Michael Jackson’s $2 Billion Estate — and His Mom’s Battle with Her Grandson Bigi
About the fight over Michael Jackson’s $2 billion estate and the fight between his mother and grandson Bigi
The estate is refusing to pay Katherine Jackson’s legal costs. That’s because Katherine Jackson has already received millions of dollars, and Bigi is opposed to covering the costs.
At a hearing in a Los Angeles courtroom on Friday, March 22, she continued to face legal hurdles related to the estate of her late son and music icon.
In addition to continuing appeals of previous court decisions, the Jackson family patriarch is currently battling his grandson Beege (formerly known as Blanket). Michael Jackson’s mother Katherine Jackson and her son Boogie attend a memorial service for the late Michael Jackson at Children’s Hospital Los Angeles in August 2011.
The co-executors of Jackson’s estate, attorney John Branca and A&R director John McClain, won a favorable judgment in probate court last year. The decision to sell half of Jackson’s music catalog to Sony for $600 million allowed Sony to proceed with the proposed deal despite Katherine’s objections.
In a recent appeal filed by the estate, Blanca and McClain wrote that “this transaction was in the estate’s best interest and in the best interest of Jackson’s three children, Paris, who is the beneficiary.” I believe it will happen,” he said. , Prince and Bigi, and Anonymous Charity. The estate’s recently filed appellate brief says the executors made the deal to take advantage of the “most active” property market ever. The sale will allow the estate to maintain “effective control over Michael’s music” while diversifying its assets. According to reports, the three children consulted a lawyer beforehand and did not object to the sale at all.
“I don’t think I can decide that question today,” Judge Mitchell L. said. Bekulov, who will step down next month and has overseen various decisions regarding Jackson for the past 15 years, spoke on March 22. “I thought maybe you guys could figure this out for yourself.”
But when that attempt failed, he announced that a new judge would oversee the case. Michael Jackson performs in front of 60,000 people in Brunei on July 16, 1996.
In the lawsuit, the executors allege that the estate was mired in debt and on the verge of bankruptcy under Michael Jackson’s
administration.
