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Michael Jackson's Mom Fears Looting

6/29/2009 8:07 PM PDT BY TMZ STAFF

Michael JacksonThe lawyer for Michael Jackson's mother filed documents in court today, sounding the alarm that people up to no good will try and fleece Michael's estate. The court had apparently had enough concern to make Katherine the administrator of the estate pending a hearing next Monday.

Katherine's attorney, Burt Levitch, claims there are numerous bank accounts of Michael's that are being controlled by third parties. He says the bank accounts are used "to pay expenses of [Michael's] parents' home." Levitch says these bank accounts need to be controlled so third parties don't misspend the money.

Levitch also says there is worry about Michael's stake in the Sony-ATV Music Publishing Catalog -- which includes Beatles' works -- that Levitch says is the most important asset in the estate. Levitch says no one is now representing Michael's interests and he wants Katherine to step in her late son's shoes.

Levitch says at least one person is claiming to have a power of attorney to act on Michael's behalf. Although a power of attorney would have ended when Michael died, Levitch worries that not everyone knows that and assets could be misappropriated.

And the family is questioning whether a will really exists, because no one has informed them of that fact. We're told attorney John Branca, who was re-hired by Michael three weeks ago, is in possession of a will.

Katherine has the right under the order "to control tangible personal property currently in the physical possession of a third party, and to marshall and secure such assets."

430 COMMENTS

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46.

The REAL DEAL    

25.

Posted at 7:19PM on Jun 29th 2009 by Sea bird

ARE YOU SERIOUS - I truly hope your a pre-teen because your understand of the world and reality is under-developed. If you have been watching the accounts and the statements, the black community has turned this into a purely BLACK event and have graciously SHARED Michael with the white people and the world. This is a continuation of creating a racial divide which is necessary for the black community to use as a tool and weapon of their demand for handouts and special treatment. It is disgusting. The BET Awards were so racially biased it was sick. Pay attention it is not in the schools or book that you learn what reality is . . .

1885 days ago
47.

ritchierich    

They need to keep that lyin a$$ nanny away from those kids... Pissed off she got fired, if she loved the family so much why in the hell is she running her mouth?? I think she was pissed because Mike saw her for what she really was...

1885 days ago
48.

Sad    

The only ones who should get the money are his children when they turn 21.

1885 days ago
49.

Stephanie    

#46 Randy Jackson from American Idol and Randy Jackson Michael's brother are not the same person.

1885 days ago
50.

newswatcher    

the goose that laid the golden egg is dead now. the whole family (except janet she has her own $$$) rode michael's coat-tails. they keep chopping him up doing autopsies trying to cover up he basically did himself in with pills; that way they can collect on insurance policies. its all about the money. and it appears michael jackson didn't pay is bills!! looks like he owed everybody in town like the phamarcy in beverly hills, owing them over $100K!!! everyone he owes money to has to go through the time and expense to sue his ass to get paid when they are already owed!!! then michael would pay finally right before it went to court. what an ass.

1885 days ago
51.

MJ is ♥    

33.seabird we are glad you are not from the US too....dumbass

The issue is extortion and murder. Can you comment on why your society treated MJ like that?

MJ was the best out there and yet he is gone like this?

Come on.

1885 days ago
52.

mellow    

Jesse and Al never miss a chance to be at the forefront of some headline or controversy, I actually think Jesse probably gave them sound advice and left. Al is a media ho and latched onto joe doing the old "this is what he meant to say" routine I think he has been duped into believing Joe is the head of all this when it is obvious he is not.

1885 days ago
53.

Vinklin    

What a disgraceful way to behave after your son died. Just worried about your next meal ticket. You people were leeches on him his whole life, and the only looting that would be going on would be by the Jackson family! Shame on you!

1885 days ago
54.

LisaK    

MJ is not even in the ground yet and they are already trying to get his estate. Couldn't they wait till he was in the ground. At least make an attempt to appear a little less greedy than what they really are. If MJ gave those bank accounts a 3rd party then he did it for a reason.

1885 days ago
55.

TEAMBRANCA    

KEEP JOE AND KATHERINE AWAY

1885 days ago
56.

Jstbtrflyz    

Ummm #51. Are you actually going to tell me that Randy Jackson (from American Idol) is NOT Randy Jackson, Michael's brother? You can't be serious in that statement can you??

1885 days ago
57.

Sugarbee    

Breaking: Redmond O'Neal will be allowed out of jail for his mother, Farrah Fawcett's funeral.

According to court paperwork obtained by ET, Redmond will be allowed to leave jail for three hours to attend Farrah's funeral. He will be allowed to wear civilian clothes, but will be accompanied by a sheriff during the funeral. He will not be allowed to go anywhere but the funeral during his time away from jail, and he and his family are responsible for transport and security fees incurred.

1885 days ago
58.

ileandromp    

I don't get this. Michael's mom and his family seems like they were just waiting for this day so they can have control of his money. God!, he had problems and nobody seems to take some of their time to help him. If he had a 14 years addiction to drugs and they didn't to shi**.

They only want his money.

I don't know, but am i the only one who hates his father?

Give the money to Janet, i guess she's the only one normal in that family that can do the right thing and do the things michael wanted with HIS MONEY. The money he worked really hard for, without his family help or anything!

1885 days ago
59.

MJFan4LIFE    

I don't get the comments about sayin' the kids shouldn't be with their grandmother because she is old and will die soon. That the kids don't need to go through another death. Hey, that's their grandmother. Whether they will live with her or not, they will have to go through with losing their grandmother one day. That's life. I think the kids need to be with their grandmother. That's their family. Sure, she is almost 80, but I'm sure they will have a nanny takin' care of them. But at least they will be with their family.

That's just my opinion... -Steve

1885 days ago
60.

Nelson    

al sharpton and Joe Jackson - those two don't die when hung together.

1885 days ago
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