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.]