Tag Archives: executors

Is Brother Randy To Blame For Janet Jackson Siding With Siblings To Contest Michael Jackson’s Will???

Should we be blaming Randy for Janet getting involved in this Jackson Family Feud foolishness? According to RadarOnline reports : Randy Jackson has been pressuring his sister Janet to join their other siblings who’ve been plotting to overthrow the executors of their late brother Michael’s estate, and RadarOnline.com has exclusively learned the reason why the reluctant Nasty singer agreed to participate. Ever since Michael’s death three years ago, Randy Jackson has been insisting that brother Michael’s will was fraudulent, despite the fact that it was validated by a judge and withstood three legal challenges. The Thriller singer left all of his siblings out of his will and left everything to his three children and to his mother Katherine. Longtime watchers of the Jackson family were stunned when Janet’s signature appeared on a letter sent to the executors of Michael’s estate demanding their immediate resignation — it was also signed by Randy, Jermaine, Rebbie, and Tito. However, Tito has since publicly expressed regrets about signing the letter. Janet had been reluctant to join her siblings, but finally relented “after Randy wore her down. Randy and Janet are extremely close, and he told her the only way they had any chance in succeeding in tossing the executors would be if Janet joined them since she is the most famous Jackson member. Randy believed that with Janet aboard, she would legitimize their efforts. Janet finally agreed because she didn’t want to disappoint Randy, as he has convinced her that without her, they stood no chance,” a source close to the situation tells RadarOnline.com exclusively. The youngest Jackson sibling made news this week after security video from the house where Michael’s children live was released and showed Janet getting into an altercation with Paris Jackson over the teen’s cell phone. Janet physically tried to take the 14-year-old’s cell phone from her, and the children watched in horror as Jermaine and Randy got into a physical altercation with Trent, who is Joe Jackson’s nephew. Prince Jackson broke his silence Thursday on the drama surrounding his family by tweeting a terse text exchange between he and his aunt Janet which apparently shows the Control singer did not want Prince, nor Paris or Blanket for that matter, to see their grandmother, Katherine Jackson. In the text — sent this past Monday at 4:52 p.m. — Prince Michael writes “This is enough so I am texting you for the simple fact that WE DEMAND TO SPEAK TO MY GRANDMA NOW!” Prince Michael sent the text to his aunts Rebbie and Janet, and also to another relative, Austin Jackson. Janet responded: ‘Don’t let them pls.” Those Tweets were mysteriously deleted from Prince’s profile, and he revealed late Thursday afternoon that his account had been hacked. “The public has seen a very different side of Janet this past week, and she has to be regretting following Randy’s advice. Janet is very much like Katherine in that she likes to keep a low profile, and not have family drama play out in the press,” our family source tells us. SMH, Prince must be cray if he thinks anybody actually believes he was hacked. What do you see happening with this Jackson family feud? Do you think the siblings will be successful in getting Michael’s will overturned?

Originally posted here:
Is Brother Randy To Blame For Janet Jackson Siding With Siblings To Contest Michael Jackson’s Will???

Michael Jackson Estate Rakes In $310 Million To Date

Singer left behind more than $400 million in debt. Michael Jackson Photo: Time Life Pictures/DMI/Time Life Pictures/Getty Im Between album sales, movie profits, licensing arrangements and lucrative deals for Cirque du Soleil shows, the estate of late King of Pop Michael Jackson has raked in more than $300 million since the singer’s shocking death in June 2009. According to TMZ , legal documents released on Thursday reveal that executors of MJ’s estate have managed to make a major dent in the more than $400 million in debt that Jackson owed at the time of his death. The first accounting from the executors shows that they have already spent around $159 million paying back various debts, income taxes and other expenses, which include providing support for the pop star’s mother, Katherine Jackson, as well as his three young children. “Although there remain unresolved creditor claims, pending litigation and additional challenging business, tax and legal issues, and the estate is not yet in a condition to be closed, the executors have made substantial progress in reducing the estate’s debt,” the documents state, according to a Reuters report. Two of Jackson’s longtime confidants, attorney John Branca and music executive John McClain, were named as administrators in a will sign by the pop icon. In addition to paying to make “substantial improvements” to the Jackson family’s Havenhurst estate in Encino, California, the executors also spent an undetermined amount of money on “last illness and funeral and memorial service expenses.” Those costs included a $900,000 payment to the Forest Lawn Memorial cemetery where Jackson is buried and $35,000 on expenses described as “costume for memorial.” TMZ reported that not only did the famously cash-strapped Jackson have more than $400 million in debut, but his estate also owed more than $40 million to concert promoter AEG tied to the scuttled This Is It Tour, for which MJ was rehearsing when he died unexpectedly. They’ve also paid $27.2 million in taxes and $4 million in mortgage payments on Jackson’s properties. Despite the solid sales of the Michael album and millions of units of the singer’s back catalog being sold, as well as the box office of the “This Is It” movie and DVD sales, the estate is not nearly out of the woods. TMZ noted that the administrators have received more than 65 creditors’ claims, some of which are subject to “extremely high” interest rates, and there are several outstanding lawsuits against the estate in several countries. Related Photos Michael Jackson: A Life In Photos Related Artists Michael Jackson

Continue reading here:
Michael Jackson Estate Rakes In $310 Million To Date

Michael Jackson — The Cirque Comes to Town

Filed under: Michael Jackson TMZ has learned the executors for Michael Jackson ‘s estate have signed a huge deal with Cirque du Soleil . Co-executor John Branca tells TMZ, the first show will open in the 4th quarter of 2010 — and travel throughout North America including the… Read more

Original post:
Michael Jackson — The Cirque Comes to Town

Jackson Executors Approved by Judge

Filed under: Celebrity Justice , Michael Jackson It’s official — John Branca and John McClain have been named the executors of Michael Jackson’s estate.The papers were signed and stamped today. See Also Michael Jackson’s Parents at Legal War ..

Visit link:
Jackson Executors Approved by Judge

Joe Jackson’s Ultimatum

Filed under: Celebrity Justice , Michael Jackson Joe Jackson’s lawyer just made it clear to the judge — if Michael Jackson’s dad doesn’t get an allowance, he’ll file a creditor’s claim against his son’s estate.Brian Oxman, Joe’s lawyer, just said out loud he thinks Katherine has “struck a deal …

See the original post:
Joe Jackson’s Ultimatum

Michael Jackson Funeral Expenses

Filed under: Michael Jackson Michael Jackson’s Forest Lawn funeral costs total $855,730.31, according to documents just unsealed by the court.The costs for the Glendale Police Department and city support $175,086.31.As for itemized costs, the internment was $590,000.

Read more:
Michael Jackson Funeral Expenses

Live — Lawyers Talk About Jackson Estate Battle

In a major turn of events today in court, Katherine Jackson’s lawyer said Katherine supported the appointment of John Branca and John McClain as the executors of MJ’s estate … the day after Joe Jackson filed papers contesting the appointment. The ..

Original post:
Live — Lawyers Talk About Jackson Estate Battle

Jackson’s Mom and Dad Split Over Executors

Filed under: Michael Jackson Katherine Jackson has just drawn a line in the sand with her husband Joe … her lawyer just announced in court Katherine has no problem with John Branca and John McClain as executors of Michael Jackson’s estate.Joe just filed legal papers yesterday … Permalink

Read the original:
Jackson’s Mom and Dad Split Over Executors

Jordin Sparks: American Idol "Dumb" to Lose Paula!

Jordin Sparks is not happy about the Paula Abdul situation over at American Idol. “It was dumb on American Idol’s part,” the winner of season six told us earlier today at…

Read more:
Jordin Sparks: American Idol "Dumb" to Lose Paula!

Michael Jackson Image Exploitation Is a Go

The show really must go on, apparently. A judge signed off Friday on several business deals proposed by the executors of Michael Jackson’s heavily indebted estate, who had stated…

View original post here:
Michael Jackson Image Exploitation Is a Go