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Jackson Court Hearing

7/6/2009 12:42 PM PDT BY TMZ STAFF

Jackson Court HearingWe're inside the courtroom as the lawyer for the co-executors of Michael Jackson's will, John Branca and John McClain, go before a judge seeking to be named administrator of Jackson's estate.

1:08 PM ET -- Hearing is over.

1:02 PM ET --
The judge just said that decisions involving marshaling the assets, attorney's fees, and settling claims and actions all require court approval -- as well as any modifications to existing court agreements and decisions

1:00 PM ET --
The judge just made it clear -- Katherine is NOT a co-administrator and she is not required to be involved in every decision. But, he pointed out, her attorney does have the ability to object.

12:54 PM ET --
The executors are also interested in operating his businesses (employees, investments, etc.) but any new business ventures would be subject to court approval.

12:49 PM ET --
The lawyer for the executors is balking about giving Katherine approval power. The judge has said he wants the executors to keep Katherine in the loop about decisions being brought before the court.

12:47 PM ET -- Katherine's lawyer is now asking the judge if she can have approval rights before executors make financial decisions with respect to the estate.

12:41 PM ET --
The lawyer for Branca and McClain is talking about the possibility of "extreme loss" to the estate -- as a result of "unlicensed activities." One of the lawyers is talking about the complicated issues involving money with AEG, the tour, merchandise, ticket refunds, pay-per-view, etc.

12:36 PM ET --
And we're back on the record ...

12:28 PM ET --
The judge has ordered a 10-minute recess.

12:19 PM ET --
Bond has been set at $1 million. That is to protect the estate in the event the administrators waste or misspend assets.

12:14 PM ET -- Branca and McClain have just been appointed the special administrators of Michael Jackson's estate.
The judge feels Jackson's 2002 will should be controlling.

12:09 PM ET -- The judge just said he may appoint an independent lawyer for the kids.

12:06 PM ET --
The lawyer for the named co-executors says he has a letter from Michael Jackson stating he wanted Branca to be in control of his affairs. The letter was dated June 17, 2009, 8 days before Jackson died.

12:00 PM ET --
It appears there is some contentiousness -- the judge said if the two sides continue to squabble, he'll appoint an independent special administrator to temporarily oversee the estate.

11:58 AM ET -- There is a "no-contest" clause in the trust, that distributes Jackson's money. As we reported, 40% goes to the kids, 40% goes to Katherine and 20% goes to children's charities. A no-contest clause means if someone challenges the will or trust they automatically inherit nothing.

11:55 AM ET -- Katherine's lawyer said Katherine was concerned about Branca's relationship with the singer before he died. Branca had rejoined Jackson just weeks before his death.

11:53 AM ET -- Katherine's lawyer is raising questions about the 2002 will, but just said Joe and Katherine will not challenge the will at this time.

11:49 AM ET --
Katherine expressed concern over beneficiaries mentioned in the trust.

11:45 AM ET -- Katherine Jackson has filed a new opposition.

11:40 AM ET -- Attorneys representing various creditors are in the courtroom in addition to Jackson's executors. Also present -- famed attorney Howard Weitzman, who will be working on probating the will and dealing with people making claims against the estate.
287 COMMENTS

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16.

Michelle    

WHEN IT WAS FIRST ANNOUNCED THAT MJ HAD DIED, ALL WE WERE HEARING ABOUT WAS HE WAS UP TO 500 MILLION DOLLARS IN DEBT......AND THAT HE NEVER PAID HIS BILLS. EVEN THE GIRL WHO WAS IN THRILLER (HIS DATE) SUED HIM IN THE PAST FEW MONTHS FOR COMPENSATION. HE HAD MANY LAWSUITS. WILL THESE ALL BE FORGOTTEN NOW THAT HE DIED? OR WILL THEY BE PAID? IT LOOKS LIKE THESE LAWYERS ARE GOING TO BE BUSY FOR A VERY LONG TIME...WE HAVE TO PAY OUR BILLS, WHY DO CELEBRITIES GET AWAY WITH THIS (INCLUDING HILLARY CLINTON LEFT ALL KINDS OF UNPAID BILLS)

1842 days ago
17.

YuliaC    

ANYBODY CAN EXPLAIN THIS? WHY IT IS NOT OPEN CASKET?????? ARE THEY GOING TO BRING CASKET TO THE PUBLIC MEMORIAL?????


The family have discarded the idea of his body being on display in an open casket prior to the burial.

Jackson’s former spokesman Dr Tohme Tohme revealed: “The plan is he is going to be buried on Tuesday at Forest Lawn. It will be a closed casket. That’s what the family want. The children, of course, will be going.”
Jeffrey Daniel, of 80s pop group Shalamar – the man who taught Jackson his signature moonwalk – said: “There’s a lot of upset about it.”


http://www.mirror.co.uk/celebs/news/2009/07/04/stevie-wonder-to-sing-at-huge-public-memorial-service-for-jackson-115875-21494795/

1842 days ago
18.

Good Grief!    

WHAT vultures? Creditors are there...HE owes THEM money...more like MJ was a leech! 400 mill in debt!

Posted at 11:53AM on Jul 6th 2009 by yooo

Estranged family, well known fact he hadnt been in touch with any of his siblings or father.
He has a will, let it stand.
As far as creditors, I have no doubt they will be paid, the man is richer in death than in life.
If any of the creditors viewed him as a 'LEECH" i highly doubt they would have been involved with him financially.
They saw money to be made or would not have been involved.... PERIOD

1842 days ago
19.

The Truth    

Maybe its not the body of Michael Jackson,,,There's a lot of people out there that looks like him!!!

1842 days ago
20.

Tess T Cull    

Absolutely pathetic that her "beloved" son is not even buried, and she's in court squabbling over money. Through the eye of a needle, Mrs. Jackson.

1842 days ago
21.

Cleveland-West_Side    

ALL the money should go to his victims!

1842 days ago
22.

mpulsive    

MJ was a FREAK! He could sing and dance, and that's it. Big deal

1842 days ago
23.

Mikey    

Why no mention of who get the wigs? Quite odd.

1842 days ago
24.

snow white    

he stated no contesting the will if Katherine does she should be omited. This is a stupd mistake by her, I am assuming Joe is behind this. I am beginning to geel Jermaine deserves the children, he is the really caring one in all of this and his kids.

1842 days ago
25.

Cheryl Fox    

in my opinion, katherine is not a good mother if she allowed joe to abuse her children. why didn't she stand up for her kids? and why should she needs to be in control of things that she has no way of handling in her declining years and apparently, is a puppet of joes.

1842 days ago
26.

whyuhere    

aww right six
your first
first at being a loser

1842 days ago
27.

Logan    

12:00 PM ET -- It appears there is some contentiousness -- the judge said if the two sides continue to squabble, he'll appoint an independent special administrator to temporarily oversee the estate.




^^^^^^^^^^^^^UMM WTF!!!!!

1842 days ago
28.

noyankhere    

10. I just wish that Katherine Jackson let the will stand as per Michael's wishes.

EVEN JERMAINE Jackson said so on Larry King "These were Michael's wishes and they should stand."

I'm wondering if Joe Jackson is forcing Katherine to do this.

Posted at 11:52AM on Jul 6th 2009 by Saddenend

------------------------------------------------------------------------------------------------------------------------------------------------

thats a retorical question.. is the sky blue ,is the earth brown, is the grass green.?

if joe jackson isnt behind katherines moves am owed a hundred million dollars tmz!!! lol!!.

1842 days ago
29.

Saddenend    

GOOD. If Michael did not make a new will even after the falling out with Branca, then no one should contest Michael's wishes to have Branca and McClain as executors.

Executors are not Inheritors, they only make the deceased wishes happen.

___________________________________________________________________

"11:58 AM ET -- There is a "no contest" clause in the trust, that distributes Jackson's money. As we reported, 40% goes to the kids, 40% goes to Katherine and 20% goes to children's charities. A no-contest clause means if someone challenges the will or trust they automatically inherit nothing."



1842 days ago
30.

Edumacated    

5. If Katherine is there, then it is true, Michael really did pass away.... I honestly had my hopes up.

Posted at 11:50AM on Jul 6th 2009 by Marie46

*******************************

You know, you might want to consider getting some help. You're not behaving rationally. Why would the FEDERAL GOVERNMENT (the DEA), the city of LA, the state of California, an entire hospital staff and his family members ALL conspire to FAKE the death of one man?? It took today's court hearing for you to know that he was dead???!!! You poor, poor delusional woman.

His fans are COMPLETE, CERTIFIABLE IDIOTS!

1842 days ago
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