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Michael's Will! What Happens To His Estate?

| Filed under: Legal MattersMichael Jackson

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With Michael Jackson now sadly gone and his three children left without a dad, Jackson's mom, Katherine, has taken charge to get full custody.

And with that, Michael's parents are also seeking to get possession of his estate.

Initial papers were just filed with the court to probate the estate under the assumption that Michael had no will prepared.

Though, reports, state that's not the case.

Turns out Michael's attorney, John Branca, came back to work for him earlier this month and luckily a will was made at that time and signed, which Branca plans to file within 30 days.

As for the legal papers, they ask that momma Katherine be named as administrator of the will.

Michael in such huge debt, what could they possibly have to distribute in the will?

[Image via WENN.]

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35 comments to “Michael's Will! What Happens To His Estate?”



  1. 1

    I hope JERMAINE JACKSON or JANET get the kids!



  2. 2

    What a shock… I knew this would happen. Why else did Joe look so happy last night? ASSHOLES!!!



  3. 3

    Perez you are a fool, maybe do some research before you post. Michael has plenty of assets to distribute in his will, he didn't have much cash, because all his wealth was tied up in business etc.



  4. 4

    guys was there any evidence that michael was gay shudnt matter now but i jus wanna kno after this BI i read



  5. 5

    WOW! Can't believe that nutbag (PapaJoe) is about to get his slimy mitts on those poor kids - haven't they suffered enough? Can't Angelina or Madonna adopt them? Not sure what country (or planet) they are from, but can't the ladies make an exception? Joe Jackson's prayers answered: he can finally make some more $$ off of Michael!

  6. mauee says – reply to this


    6

    Michael was the one who spent all the money……….that problem is fixed. MJ music is selling like hot cakes. I bet there will be money in the future for his kids just on royalties



  7. 7

    Aren't the Jackson parents like a million years old? How can they possibly raise the 3 young children properly? Look what they did to their own batch! And I guess Michael's death does clear up one mystery: with photos of LaToya at the hospital, it is now CLEAR that Michael & LaToya were, indeed, two different people!



  8. 8

    Just saw an AWFUL news conference by Michael's father, some washed up dude from the Chilites and Al Sharpton.

    Daddy and the Chilite dude: Opportunistic scum bags. Promoting their new record label. Laughing. Smiling. Joking around.

    Really disgusting! And sadly, not surprising.



  9. 9

    PEREZ U SHOULD REFRAIN FROM SPEAKING ON HIS DEATH..



  10. 10

    Every lived off Michael. All you peoples - learn to stand on you own too feets!!!! Any money left give to Jehovah!!



  11. 11

    y didn't u think it was "sad" that he was gone.. or think about his children.. when u were talking shit about the poor guy.. karma karma karma.. godro pendejo.. ur a piece of slimmey shit.. and i hope this site goes down the tube.. ur a sorry negative prick..



  12. 12

    I hope nothing but the best for the kids.



  13. 13

    What could there be to distribute? Two words: FUTURE EARNINGS.
    With merchandise flying off the shelves now, he's earning more money than ever. And that will continue for a long time.



  14. 14

    Re: Mad Cow

    Jehovah' Witnesses do not except money from anyhthing having to do with Michael. He was disfellowshipped years ago.



  15. 15

    Perez,

    Seriously, are you as dim as you appear to be? Even you must know that now that MJ has passed, his estate includes all the CD's, videos, DVD's and other MJ memorabilia that is flying off the shelves, as is the case when ANYONE of his stature, fame and notoriety passes away.

    His estate with most probably go through the mother of all probates, yet in the end, I'm certain there will be enough to distribute to his children, or hold in trust for them, providing mama and papa Jackson can keep their nasty little hands off it all…because we all know what icons of parenthood they were….NOT!

    Seriously Perez, get a clue!



  16. 16

    Re: Lulabelle67
    "With photos of LaToya at the hospital, it is now CLEAR that Michael & LaToya were, indeed, two different people!"

    LOL!!!



  17. 17

    FatAss you don't know how much debt MJ was in. All you have are rumors not fact. The public may never know of any debt he had. With a host of body guards, nannies and people on the take, why would all these people be working for someone who didn't have the money to pay?



  18. 18

    So sad, hes not even buried yet!



  19. 19

    Oh come on Perez, we know that there are millions of $$$ in future profits! Just like with Elvis, James Dean, Selena, they are more famous and make money dead then they did while alive, just wait! It would be smart for them to put Neverland back together and make it a future Graceland tupe attraction, just there the money will be rolling in, I am sure Papa Joe will do anything to get everyone paid off the Michael owed and make millions off his name, Selenas dad did the same thing!



  20. 20

    I can't wait until the catfights begin! My money is on La Toilet and Rebbie!



  21. 21

    His estate has money coming in and now that he is not around to spend it ($100,000 a month rent???), maybe there will be something for the kids.



  22. 22

    Michael had a 500 million debt, but he has like 1,000 million with the Beatles songs and his own music

  23. @v@ says – reply to this


    23

    The image of Michael that Perez has posted at the bottom of the previous page (hit 'back') is the best MJ ever looked, IMHO.



  24. 24

    DOCTOR DOUCHE WASTED TIME CALLING DOWN TO SECURITY STAFF, JUST LIKE HEATH LEDGER…… DOCTOR DOUCH NOT EVEN BOARD CERTIFIED, DOCTOR DOUCHE
    SPOKE TO KITCHEN STAFF AND DIDNT EVEN ASK THEM TO CALL 911, DOCTOR MURRAY DOUCHE DIDNT USE HIS OWN CELL FOR ABOUT 40 MINUTES, DOCTOR DOUCHE DIDNT KNOW ADDRESS TO TELL 911….. his lawyer is a douche as well, liars and stupid, probably not even a certified lawyer ……….. he is lying his ass off right now on cnn



  25. 25

    pers, I'm so glad this has matured you, to seeing, life is too short for crap.
    Its all about the kids and laughing.



  26. 26

    Re: FugsMagee – They didn't have no trouble taking $25 million from him for their new temple in Salt Lake City, did they?



  27. 27

    Re: Amsterdamgirl – And why would that make sense? I think if Janet Jackson wanted children, she'd have them. And remember–she probably doesn't even know them.



  28. 28

    "Michael in such huge debt, what could they possibly have to distribute in the will?"

    Ok Dumbass, everyone with children needs a will. Regardless of how much or how little you own in material possessions, or how much or how little debt you may have, you need to have something in writing providing for the care of your child/ren!



  29. 29

    KEEP the Three Children Away from Joe Jackson!!



  30. 30

    Umm, hello, the Beatles music collection!



  31. 31

    Those kids need to be kept away from Joe Jackson! He will exploit them which is just tragic.



  32. 32

    Ok number one they're in their late 70's - they wont be able to control teenagers at the age of 80 - living in the limelight & in LA - they'll be on drugs by the time they're 14.
    Number 2 - Joe is a child beater & would Michael want a child beater being a parent to his kids?
    Number 3 - They'll both be lucky to be alive by the time the kids are 18

    Janet seems to be the only sane one in the family & genuinely a decent person. And maybe Jermaine



  33. 33

    The 'family' hasn't done much of anything. So, even a celebrity estate in debt is a profit, in their reasoning. They can always take possession of his portfolio. Vultures, just like Jesse Jackson (no relation).



  34. 34

    Michael Jackson will be cremated and his ashes turned into Fudgecicles, so he will get the feeling of going through a little boy's ass one more time.



  35. 35

    well joe is getting what he wanted money. It's sad omg I'm sad for that family.