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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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76.

beachy    

This whole family disgusts me. His parents are still in it for themselves. MJ himself was a drug-addicted freak. Because he was the meal ticket, no one dared piss him off so they all sat with their greedy little hands out while he self-destructed.

His kids don't have a chance if this family of leaches are in charge of them.

Let's change the subject - this is getting OLD.

1906 days ago
77.

Googie    

KATHERINE WANTS PERMANENT CUSTODY, THAT MEANS THAT JOSEPH HAS CONTROL OF KATHERINE AND THEREFORE OF THE KIDS. KATHERINE DID NOT STOP JOSEPH FROM ABUSNG THEIR OWN CHILDREN. WHAT MAKES ANYONE BELIEVE SHE'D CONTROL HIM REGARDING MICHAEL'S CHILDREN?

1906 days ago
78.

sickofracialshit    

Seabird even people overseas treat stars like freaks....look at Amy Winehouse! get off your high horse about the US already....jeeeez

1906 days ago
79.

MJ is ♥    

67
Do you really believe that. Wow. Seems like many people set him up.
You say pedophile. Do you know anything about MJ? I think its jealously over his money because people think they're somebody if they have money or so it seems. He did alot for your society, and if you are a fan, you should know that. Wow.

Poor MJ.

1906 days ago
80.

Jstbtrflyz    

Well, I'll be damned! And all of this time I thought he was MJ's brother! My bad!

1906 days ago
81.

we will miss MJ    

Janet has a ton of money, she should step up and pay for the parents house until the estate has been reconsiled.

1906 days ago
82.

Skyla    

I know the man had his faults. But I miss him so very much....perhaps I miss the promise of more great music from him. I miss the promise that he would turn his life around and dance again and make me want to dance, too. I miss the promise of happiness for him and his children. Now, at last, he is at peace...what he could not achieve in this life. We must never forget that of the truest evils is the abuse of narcotics. They will take your soul.

1906 days ago
83.

Patti    

Looting already happened. Michael's body wasn't cold before Katherine and Joe had a moving van at the mansion. Calling the fired nanny to find out where he hid the money.

1906 days ago
84.

camia    

I actually feel sorry for Katherine Jackson, her son just died and it is a very REAL concern if that son is the one who pays for your mortgage. When you are that high profile you need a safe compound to retreat to from all the reporters.
She has every right to fear looters. If you were in her shoes wouldn't the best thing to do is to protect all the assets you can to pay for all the legal, medical and collectors bills that are with out a doubt on their way. If she has the kids she has to make sure they have the financial means to take care of them, kids like that can not all of a sudden just go to public school and live in an apartment in the slums.
I personally nominate Janet to be the guardian, she is still young enough and had a decent relationship with their dad.
Katherine is too old, I hear she is not in the best of health and I agree with the rest about Joe, he is just SLEAZY and 200% guilty of messing of Michael Jackson so bad, he went down as one of the strangest icons of all time. I cry for what Michael (and his siblings) must have gone through at the hands of that man.
I feel Katherine is another passive dummie wife that puts her husband before the safety and welfare of her kids, but I do believe she is truly grieving and she has every right to be worried about her financial welfare.

Also, i don't see anything wrong with successful people taking care of their parents financially.

1906 days ago
85.

Ziggy    

That poor woman. She has so much to deal with. Like the loss of her son isn't enough. There was so much to do when my dad passed away. I can't imagine how much of a hassle it's going to be to get all his finances sorted out. There will be many accounts, property, investments, phones and utilities all in his name, and all over the world at that.

She needs to get a good team of people that she can trust to take control of everything and help her look after all the details.

1906 days ago
86.

CW    

When are they going to hold Michael's funeral ? His family especially, his father Joe, seems more concerned about money than they are about their son. I noticed how the family is using MJ's mother to get custody and control of his estate. They know that Joe would never be given such control by a court. How sad. MJ lays in a morgue while his family fight about his money.

1906 days ago
87.

MJ is ♥    

82
Nah. Not really. MJ was the only of his kind, that is why he is a superstar, icon. I just do not understand how and why he was scammed for so much. All he wanted to do was dance and bring people together. I thought that the USA would have treated him better. It is really bizarre.

1906 days ago
88.

ilovetheshowmadmen    

thank you for the Redmond O'Neal comment... I am happy he gets to attend Farrah's funeral.. that boy has a lot on his plate... Farrah always had his back and did everything she could for him, but the addiction gene was just too intense.

And also thank you for the Randy Jackson American Idol comment.. in the seriousness and sadness of this whole issue with Michael Jackson.. this comment was a nice lol break!!!!!!!!!!!!!!!!!!!!!!!! DAWG

1906 days ago
89.

Fernando Costa    

Gostaria so de falar o seguinte:
- A Familia nunca quis nada com um filho que nunca foi dado um AMOR nem um CARINHO pelos proprios PAIS.
Agora o MJ falaceu eles(Familia) estam no top da montanha. (esperando o dinheiro)
So para concluir isso tem que falar que os Pais so pertendem o dinheiro que o filho deixou para os seus 3 filhos.
Os Pais do MJ sao uns grandes.... Faz pena ver esta familia.
A USA esta cheia de Pais como os do M.J. (Procurando o dinheiro do filho)

1906 days ago
90.

RxKing    

TMZ - do the rest of the nation a favor and give the folks a lesson on CA community property law. As in when they say Katherine awarded this and Katherine named that....what it REALLY means is Mr.and Mrs. Jackson (YES, JOE) since they are married - remember the 60 year anniversary party everyone keeps mentioning. The reason Joe's name is left off is due to his own self-serving (Promoting record label immediatley after MJ death) habits. Then the Nanny, Grace, blew the whistle on Katherine looking for money in the house within hours of MJ death. So you tell me why either one of them deserve to be put in charge of anything to do with Michael. No wonder he was so screwed up with them for parents. Harvey - give your viewers a lesson on CA community property laws, please?

1906 days ago
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