Legal Battles Continue for Katherine Jackson Over Michael Jackson’s Estate
In a recent legal battle in Los Angeles, Katherine Jackson, the mother of the late music icon Michael Jackson, continues to face obstacles with her son’s estate. The dispute revolves around a reported $600 million sale of half of Michael Jackson’s music catalog to Sony, a deal that Katherine has objected to.
The co-executors of Jackson’s estate, John Branca and John McClain, received a favorable ruling last year in probate court to move forward with the sale. They argue that the transaction is in the best interest of the estate’s beneficiaries, which include Jackson’s three children and unnamed charities.
Despite the court’s approval, Katherine has filed an appeal against the decision, claiming that the executors did not exercise proper care and diligence in the sale. She believes that waiting a few years would have maximized the value of the assets. However, the estate argues that the sale was necessary to diversify assets and increase the estate’s value to over $2 billion.
The ongoing legal battle has now extended to the payment of Katherine’s legal bills, with her grandson Bigi (formerly known as Blanket) opposing the estate covering the costs. Bigi argues that it would be unfair for him and his siblings to pay for the appeal, as he views it as an “extreme longshot.”
The court proceedings have been contentious, with family members taking sides. Taj Jackson, Michael Jackson’s nephew, expressed support for Katherine on social media, warning against negative comments towards his grandmother. Despite initial opposition from Bigi and Paris, Michael Jackson’s children ultimately accepted the court’s decision regarding the sale.
The next court hearing is scheduled for May 30, 2024, where the ongoing dispute over the estate’s assets and legal fees will continue to be addressed. The outcome of this legal battle will have significant implications for the future management of Michael Jackson’s estate and the distribution of his assets.