Comments on: Jackson's Mom Loses Bid to Control Estate
Judge Says Late Singer's Lawyer and Friend Designated in Will Should Oversee Assets
- Her facial expression in the photo says it all.... 'Sheet, there goes them millions'.
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- the whole ordeal has got to be taking a toll on the family... being stunned by his death, caring for his kids, Joe Jackson's antics, one autopsy leads to a second, public scrutiny, the involvement of drugs in his death, privacy & safety concerns for his remains, burial & memorial arrangements, the probate of the will, potential custody battle, hundreds of millions at stake, countless untold/unknown other issues ... then i read today where a decision was made to remove all of MJs brain for neurological testing & studies to ascertain the duration of his alcohol and drug use. all of that and more leads to a heavy mental toll on survivors. will all those things going on, they've had little time to mourn.
- Works for me;someone other than family needs to manage the estate which protects the children.
( The next hearing in the probate case is set for Aug. 3.) - Reply to this comment
- World class news! I feel sorry for the poor guy that has to write these articles and those who actually read them. Give us some real news
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- Katherine looks exhausted. I hope all works out for the benefit of the kids and if they do end up with her, I hope she will hire some of the best nannies available to care for them becauase she won't be able to for long.
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- I know she does not think this is a blessing right now, but later on she'll be happy about it. The designated people have tons of legal woes to sift through before the estate can be settled.
Al Sharpton needs to disappear! He may very well be the reason why the judges ruled the way they did - Sharpton is in it for the money he can pinch from the grieving family. He is nothing more than a loud-mouth jerk who is taking advantage of a hurting family!
He thinks the court is insensitive! IT IS LAW!!! No different that if it were any of us mortals!!! They need to stop people from judt coming in and cleaning out the house!
This has taken up way too much news space and while I liked most of his music and dancing ability that is where this ends. He did not manage his money nor his personal life very well at all and if his family had stepped in as quickly while he was alive to gain control of his affairs he may still be alive.
Sorry to be so cruel, but I am sick to death of seeing this on the news it is not news!!! He used his celebrity status to get medicines/drugs that he should not have gotten. Now the grieving family wants control of his money - where were they a few months ago!! - Reply to this comment
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- good points and insightful perspective. anyone who has been an executor of an estate that's mired in issues know where you're coming from. i think you hit the nail on the head about the blessing in disguise for Katherine Jackson losing control of the estate. enormous financial gain seemed to be her motive for wanting to administer the estate. she's already proven to be incapable of managing finances after her and Joe filed for personal bankruptcy which involved very few assets and astronomical debts. and there is infinitely more at stake with MJs estate than what they were even remotely accustomed at managing. good move by the court to toss her off the estate.
- If she gets custody of the kids, the usual procedure is for the estate funds to be put into trust for the children, and she will have to submit proof of expenses for the children to be reimbursed for them. I forsee a long and contentious relationship between her and the trust administrator.
- i'm not sure what state you live in, but where i'm from the guardian of the kids and the trust administrator can be the same person so there aren't any checks & balance for which expenses are scrutinized. in the case of my 2 little brothers, they should of had plenty of funds to get them through much of college, but the guardian went on several spending rendezvous for herself then used her position of authority to access the trust to reimburse herself. when it all came to light it was too late. virtually the entire trust from my 2 brothers had been spent by the guardian and they had nothing to show for it.
- Apparently Michael had a plan, and he either didn't share it with his mother or he did and she doesn't agree with it - in either case it's not her call.
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