New Legal Docs: Jackson Estate Administrators Are Made Official
Posted on Aug 05, 2009 @ 08:40PM
The ink is now dry. John Branca and John McClain are offfically the Special Administrators with Special Powers for the Estate of Michael Jackson.
In legal documents obtained by RadarOnline.com, Judge Mitchell Beckloff signed off on what was verbally announced in his court room on Monday.
Branca and McClain can now negotiate and litigate, sign contracts and do all that other fun stuff Special Administrators with Special Powers get to do. And for the privilege, they've had to post a $1 million bond to protect the Estate's interests.
The order stays in place until October 2. That's when they're all back in court to hear whatever objections Katherine Jackson may have to leaving the two men in charge of her son's assets.
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Comments
Katherine Jackson should be thankful that she is getting anything at all. She should just let the two executors do their jobs instead of wanting to control the estate. She is just looking tor the extra money.
Posted Fri, 08/07/2009 - 3:12am
I don't think Katherine should be a trustee either given McMillan's obstructionist actions and Latoya's taking of the master recordings.
Posted Thu, 08/06/2009 - 2:31pm
Michael's wishes are being honored and years of expensive litigation (and media circus avoided). The will seemed pretty clear cut from the beginning. There was nothing to misunderstand. Good for the judge.
Posted Thu, 08/06/2009 - 9:49am
Agree good for the judge. As Frank Dileo stated MJ liked to keep family and business separate. He did not want his parents to loot the children's inheritance. End of story.
Posted Thu, 08/06/2009 - 2:31pm