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Protecting Michael's Money

| Filed under: Legal MattersMichael Jackson

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Due to fears of outsiders corrupting funds from Michael Jackson's estate, Katherine Jackson, Michael's mother, has been made administrator of the estate pending a hearing on Monday.

Burt Levitch, Katherine's lawyer, claims that several of Jackson's bank accounts being controlled by third parties which are used "to pay expenses of [Michael's] parents' home."

Michael was millions in debt and still paying his parent's rent?!

There is at least one person claiming to have power of attorney to act on Michael's behalf.

Most people do not know that the power of attorney privilege ends when one dies and they are worried that funds will be misused.

The biggest concern is Michael's stake in the Sony-ATV Music Publishing Catalog, which includes the Beatles' works!

Levitch says no one is now representing Michael's interests and he wants Katherine to step in to do right by Michael.

No one knows what Michael really wanted as the family has not seen a will. Rumor has is that attorney John Branca was re-hired by Michael three weeks ago to revise a will.

Only time will tell!

[Image via WENN.]

20 comments to “Protecting Michael's Money”



  1. 1

    MJ was a genius…. he aint gonna let no mofo f@@k with his kids $$$



  2. 2

    were's my money from when you toucheed my private parts$$$$$$$$$$$$$



  3. 3

    love u mj 4 eva lets hope they take money from his kids



  4. 4

    he is so scary looking………poor kids…..



  5. 5

    his grave is going to be robbed in more ways than one



  6. 6

    Do you think an ailing 79 year old is perfectly capable of running that empire and the funds that go with it? I don't.



  7. 7

    1. –Burt Levitch, Katherine's lawyer, claims that several of Jackson's bank accounts being controlled by third parties which are used "to pay expenses of [Michael's] parents' home."–
    THIS SENTENCE MAKES NO SENSE. LEARN HOW TO WRITE.

    2. –Most people do not know that the power of attorney privilege ends when one dies and they are worried that funds will be misused.–
    AGAIN, LEARN HOW TO WRITE - IF 'ONE DIES' HOW CAN THEY BE WORRIED?

    DO YOU OR YOUR OTHER WRITERS KNOW WHAT YOU ARE TALKING ABOUT?



  8. 8

    WHAT ABOUT THE 500 BOOKS THEY'RE GONNA WRITE.THAT SHOULD SOLVE THEIR MONEY WOES.



  9. 9

    His mother to be administrator!!!!!!!!!! Isn't that like getting the fox to
    watch the hen house? Old abusive Joe will be sniffing around her before
    the ink is dry on the documentation.



  10. 10

    Let the bloodsucking begin.



  11. 11

    he robbed paul mccartney anyway……..a power of attorney does end, but they turn into executor of the estate……



  12. 12

    Someone on his behalf needs to get a court order to keep his money - grabbing father from getting his greedy paws on the estate or the kids. I can see that old vulture forcing the 3 kids into show biz as the NEW JACKSONS to keep cashing in.



  13. 13

    Can you not limit yourself to one or two posts per day on all this MJ crap. It's so over done and so inaccurate. Damn.. the guy isn't even in the ground yet and the shit swirling around is just too much.



  14. 14

    He does not have MONEY!!!!!!!!!!!!!



  15. 15

    .
    Mr. and Mrs. Jackson should not be managing anyone's money.
    Joe filed for bankruptcy in 1999 (and I think a second bankruptcy) and has had a couple of failed business ventures.
    .
    Poor Michael .. no wonder he had so many personal problems.
    He was surrounded by people with deep money-grabbing pockets and total dysfunction.



  16. 16

    We'll find out if the mom is any good with his estate - or if that gets squandered too.
    Too bad Janet is not overseeing…she actually has a grip on her finances.

    eeeee…

    lol



  17. 17

    Great lipstick color for him. Love the cheek implants, chin implants, wig, nose shading and skin bleaching. Hot mess!



  18. 18

    Protecting or pouncing…but they are family and this is what happens,lol.

    Janet actually would be a better choice…I think. lol



  19. 19

    he was 400 million in debt, and living on credit. i love mj's songs, but he couldn't manage $$$



  20. 20

    RIP Michael