Michael Jackson reportedly cut his father out of his most recent will. So, who did the money go to and who is in charge of the singer’s estate?
According to The Wall Street Journal, that version of his will might not include any provisions for his father. He did, however, leave about $1 billion to his mother, Katherine Jackson, his three children and a few charities.
The lawyer representing Michael’s parents, L. Londell McMillan, said the Jacksons thought Michael had died without a valid will. Two earlier drafts of the letter have surfaced since his passing on June 25.
Michael‘s lawyer, John Branca, uncovered the document from 2002, and he may file it with the Los Angeles Superior Court as soon as Thursday. This would effectively end any dispute over what document counts as his last will and testament.
The will from 2002 also names John as the executor of his estate, along with music executive, John McClain. TMZ.com reports that a court has made Katherine the administrator of the estate pending a hearing next week.
The Jackson matriarch filed court papers yesterday claiming that Michael had a number of bank accounts that were handled by a third party. Her attorney, Burt Levitch, said the accounts “pay expenses of [Michael's] parents’ home."
Burt argues that handing control of the accounts to Katherine would keep the funds from being misspent. He also said that control of Michael’s stake in the Sony-ATV Music Publishing Catalog should be given to her because no one is acting in the late entertainer’s interests.
Under the order, Katherine has the right "to control tangible personal property currently in the physical possession of a third party, and to marshal and secure such assets."
– Sonya Eskridge