Monday, July 20, 2009

Michael's mother Katherine may be disinherited


Michael Jackson's mother Katherine Jackson wants to have the two executors of Michael's estate, attorney John Branca and music executive John McClain, removed as executors of her late son's lucrative estate valued at more than $500 million. Michael's 2002 will names the two as executors of the trust established from his estate at his death. Katherine would like control of the estate and does not believe Branca and McClain are who Michael really wanted to administer his estate; both Branca and McClain have report
Regardless of the executorship, Katherine remains an heir to 40% of the estate. Michael's three children share the other 40% and unspecified charities would share in the remaining 20%. The executors would decide which charities would benefit from the 20% share.

Katherine's dilemma comes from a clause in Michael's will that states anyone who challenges the terms of the will will be disinherited from the trust. Is is better for Katherine to risk losing all in pursuing a more control of the investments of the estate or should she be content with what she has even though her son's legacy might not be preserved in the manner she would choose?

6 comments:

  1. I think she should risk it cause it really shouldn't be about the money. She should risk it to make sure her son is not pimped out in his death.

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  2. She doesn't really need the money. Michael took care of his Momma first.

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  3. Michael's will was his wishes no matter how right or wrong he was. He should have left his mother in charge and left out Diana. What about Janet and Jermaine? Weren't they close?

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  4. Katherine needs to sit down somewhere and enjoy what money she has in what time she has left.

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  5. Katherine would be greedy to challenge the will. The will is the way Michael wanted it.

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  6. Katherine better not do anything to jeapardize her money. She might live for another 20 years. You never know. Lord knows Joe and those other sons ain't making no money to support her.

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