Probe on Jackson will challenge
Source: Agencies |
July 19, 2009, Sunday
|
Print Edition
Print Edition
MICHAEL Jackson's mother asked for a judge's ruling on Friday if she can challenge the authority of two men named in her son's will as executors of his estate without being disinherited.
The filing does not formally challenge the appointment of attorney John Branca and music executive John McClain as executors of Michael Jackson's estate.
But a favorable ruling could pave the way for 79-year-old Katherine Jackson to seek control of her son's estate, which has an estimated value of more than US$500 million.
A judge granted her temporary control over roughly 2,000 items taken from her son's Neverland Ranch and slated for auction, but her authority expired and was given to Branca and McClain. She had sought to control Jackson's estate, but that was before the singer's 2002 will was filed in Los Angeles.
It names Branca and McClain as Jackson's choice for co-executors of the will, and says his estate should be placed in a private trust.
Jackson's trust included a "no contest" clause that calls for anyone who challenges the will to be disinherited. Katherine Jackson, her three grandchildren and unnamed charities are beneficiaries of the estate.
Also on Friday, a court hearing over who will raise Jackson's three children was postponed again in an apparent bid to settle the issue with his ex-wife Debbie Rowe behind closed doors.
The filing does not formally challenge the appointment of attorney John Branca and music executive John McClain as executors of Michael Jackson's estate.
But a favorable ruling could pave the way for 79-year-old Katherine Jackson to seek control of her son's estate, which has an estimated value of more than US$500 million.
A judge granted her temporary control over roughly 2,000 items taken from her son's Neverland Ranch and slated for auction, but her authority expired and was given to Branca and McClain. She had sought to control Jackson's estate, but that was before the singer's 2002 will was filed in Los Angeles.
It names Branca and McClain as Jackson's choice for co-executors of the will, and says his estate should be placed in a private trust.
Jackson's trust included a "no contest" clause that calls for anyone who challenges the will to be disinherited. Katherine Jackson, her three grandchildren and unnamed charities are beneficiaries of the estate.
Also on Friday, a court hearing over who will raise Jackson's three children was postponed again in an apparent bid to settle the issue with his ex-wife Debbie Rowe behind closed doors.
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