Katherine Jackson, the mother of the late Michael Jackson, is having a legal battle with his estate.
The matriarch has asked the court to order the estate to cover legal bills she gained while fighting the executors over a proposed deal worth $561,548. According to reports, Michael’s three children, Prince, Paris, and Blanket, were named his beneficiaries after his untimely passing in 2009. However, there is a separate trust called The Katherine Jackson Trust, which was set up to take care of his mother for the rest of her life.
According to Michael’s signed will, John McClain and John Branca are the executors of his estate. They have had issues with the family over the estate several times before and they claim that they were able to turn it around and pulled in a lot of money through various deals.
Reports also state that the executors have asked the court to approve a confidential deal that they have received last year, but Katherine Jackson opposed the deal, although they claim it was a very lucrative deal.
This isn’t the first time that Katherine has reportedly opposed a deal. McClain and Branca have claimed that she objected to the deals that were very successful including the live concert film, “This Is It!”
In their court filings, the executors claim, “The Estate was teetering on the verge of collapse, with more than $400 million in debt that encumbered Michael’s most significant assets and little or no liquidity or means to service that debt. Through creative thinking, hard work and business savvy—and, of course, Michael’s extraordinary creative legacy—the Executors transformed the MJJ Business into a profitable enterprise.”
In Katherine’s motion, she claims that the estate needs to be responsible for reimbursing her for a portion of her legal fees.
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