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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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31.

Paulie Wants a Cracker    

Why on earth is Joe Jackson having anything to do with this? Michael hated his father!!! Michael put his mom and his mom only in charge but once again Momma Katherine still doesn't have a spine and not in years past, present or future will she ever be a good mother/grandmother and stand up for her kids and grand kids against Joe. The entire nation knows Michael would never want Joe to have any rights to his money, property and children but yet once again Katherine is being loyal to a man who beat , abused his children and cheated on her numerous times. If that what it means to be a Jehovah Witness then they better never come knocking on my door, to stand by a man who destroyed the happiness of your children and cause them life long pain is unacceptable. I hope Mrs.Jackson loses custody of those kids, Joe will have them mentally broken within a year and training them to be the next Michael Jackson. If Janet or any of her siblings really and honestly love Michael they would stand up for him but I doubt they have any loyalty to him just what his name and image can do for them in the future.
Janet and the rest are already making plans on how to use Michael for there come backs. Stand up for your brother, for once stand up for love and loyalty not greed.

1933 days ago
32.

Anita    

Michael evidently knew his family LOL.

With a "no contest" clause, Katherine cannot contest the will or she will get nothing.

1933 days ago
33.

wow1961    

One more piece of evidence to show this death was intentional!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

1933 days ago
34.

noyankhere    

yep, they are circling like the vultures they really are.. its all about the money.. WOW!! you just couldnt wait till they buried him what type of dysfunctional family is this.? LET JACKSONS WISHES STAND KATHERINE, ITS UNSEEMINGLY TO BE FIGHTING FOR CONTROL SO SOON.. at least you can PRETEND YOU ACTUALLY CARE.. for a little while longer..

1933 days ago
35.

Saddenend    

GOOD.

Maybe they'll be better represented instead of Katherine doing what Monster Joe wanted!
____________________________________________________________

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

"

1933 days ago
36.

what?    

Is Branca a suspect in his death? It is very suspicious that a letter like this would appear eight days before Michael's death. Are Michael's parent implying that they think Branca is a suspect?

1933 days ago
37.

Law 34    

Branca's relationship with Michael is questionable.... I think he is trying to pull a fast one... This will is a fake... It's not about the money for the Jackson... It's about Branca and him trying to get his hands on some more of Michael's money... He is lying... he already had Michael signatures... is it pretty easy for him to find a really good person to forge his name...

1933 days ago
38.

Cali MJ Fan    

First of all, TMZ thank you for your continued reporting. We all want to know what happened and if we only get weekly updates, the whole picture will not be clear in the end. THANK YOU!

Secondly, I AM SO DAMN HAPPY to hear there was a no contest clause! YAY for Branca and MJ!!!! I really was hoping it would be in there.

Why the hell is Joe's name even being mentioned? (ack)

Why in the world would Katherine question Branca's involvement? Branca truly is the only one to have the expereience to take care his estate. McMillian is a slime!

1933 days ago
39.

Santa Claritan    

Hey Harvey, why not call some of your lawyer buddies, find a real trusts and estates expert, and find out how much money they think the two executors are going to make, because of their appointment in the will.

It was my experience, as the executor of a friend's will, that the fees allowed by the Probate Court were quite high.

1933 days ago
40.

latrice    

Katherine is not contesting the will just the executor Branca... Katherine just want a independent administrator.. Not some one hired six months before her son died..

1933 days ago
41.

Rosa    

I wish the media and all of the critics of Michael would just let the family bury their love one as we did with Elvis,Marilyn Monroe, John Belluci,etc. and the list goes on and on. Just because he was the best entertainer in HISTORY, is why the KING OF POP AND ROCK AND ROLL DESERVE SUCH RESPECT!!!!! HE IS THE KING, DEAD OR ALIVE, LOVE YOU MJ.
YOUR SISTER-IN-CHRIST.

1933 days ago
42.

Cali MJ Fan    

Ohhhh yay! I am beginning to like this judge. Appears he is taking this not only seriously, but in a very logical and fair way.

As much as I/we love Katherine, it almost sounds like Joe might have some influence in her decisions. I sure hope not.

(Obviously, I'm not a Joe fan).

1933 days ago
43.

Me2    

Micheal will be buried today (Monday July 6, 2009) in a private service. Of course we ALL know this means the Jackson family will SELL all the photos to make even more money. I feel so badly for these three children! ET will buy them just like they did for Anna Nicole - RIP Anna!

1933 days ago
44.

noyankhere    

no contest clause was a brilliant strategy by micheal jackson cos he knows the type of greedy family he comes from.. apart from jermaine, not including janet cos she doesnt need anything she has her own money, there is no other person to trust .. they are all about the money... now a lot of things make sense to me now.. and after seeing joe jackson totally blow off an opportunity to at least pretend to care about his son as more than a money making machine, i can see where the dysfunction come from .. anyone having that dreadful man as a parent, who is sensitive wouldnt survive as a human being .. what a soul destroyer joe jackson is..

1933 days ago
45.

justice4MJ    

haha you guys seriously know how to report! course people are like enough MJ already but you guys are doin a heck of a job for keepin everyone informed min to min....very impressive
love your show! watch it every night! i stay up just for yall
: )

1933 days ago
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