Michael Jackson - Michael Jackson's Mother And Kids Land Windfall From Estate

Michael Jackson's mum and his three kids are set for a $30 million (£18.8 million) windfall thanks to the cash the King of Pop's estate executors have been able to rake in since the pop star's death in 2009.
John Branca and John MCClain have asked legal permission to hand over the fortune to the Michael Jackson Trust for the benefit of Katherine Jackson and her grandkids Paris, Prince and Blanket, according to court documents obtained by Tmz.com.
According to the paperwork, the estate generated more than $310 million (£194 million) in gross revenues as of December 31, 2010.
In addition to funding the trust, the executors are asking the court's permission to sell the Jackson family compound in Encino.
Katherine reportedly wants to sell the property, which was valued at over $4 million (£2.5 million) at the time of Jackson's death.


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Comments

corlista's picture

corlista

Thank you Branca and McClain for your amazing efforts on Michael's behalf. He knew what he was doing putting you in charge of his financial affairs, controversial as it may have been with the family. I am very sad to hear that Hayvenhurst is being sold. It was Michael's home - where he spent the first 30 years of his life. I always hoped the family would turn it into a museum in Michael's honor. God bless you, sweet Angel.
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corlista's picture

corlista

Sorry. My mistake. He spent the first 10 years in Gary and then to Encino. I knew that. I wasn't thinking. I just wish it was staying with the family as a tribute to Michael.
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T_Yolked

I'd rather know much the 3 lawyers have received from their fees off of the Estate since signing MJ over to Sony. How much have they pulled off each new venture?
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Kimber

The property in Encino, if I am not mistaken is/was owned by Michael and La Toya. I remember reading this not too long ago. I also remember a few months back Katherine stating she was moving out of the Encino compound because of too many memories of Michael there (((((((((((Hugs))))))))) to Katherine. I can only imagine how hard it is for her.
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MJJ Luv

Last I heard, Jermaine's/Randy's ex wife wouldn't leave the property. And corlista how would keeping the house be a tribute to Michael? He hadn't lived there in decades.............
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reniatko

I wonder how much the leeches and grubbers Branco and the rest of them have earned so far??? I still believe the Michael's will is not valid AND IS FRAUD!! these men were fired by Michael before his tragic and unnesserry death. The killer pseudo dr murray is still a free man!! this asshole should have been in prison a long time ago, I just hope the truth will previl soon or late. JUSTICE FOR MICHAEL PLEASE!!
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