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Money, Custody on Line in Jackson Hearing

8/3/2009 5:40 PM PDT BY TMZ STAFF

Michael Jackson Hearing4:54 -- During the lunch break John Branca said Jackson's estate has reached a settlement with AEG -- re: merchandising and rehearsal footage.

4:49
-- Katherine Jackson just withdrew her petition asking that she be put in charge of the estate. This petition was filed before she knew a will existed. The issue now -- will she oppose the appointment of Branca and McClain.

4:40 -- The Jacksons have all filed back into court and the judge has taken the bench.

3:00 -- The judge just admitted Jackson's 2002 will into probate. The will names John Branca and John McClain as co-executors. We know Katherine has a beef with that. The question -- will she challenge the co-executors or possibly ask that she be named as a third executor. Court is in recess for an hour-and-a half. Stay tuned.

2:50
-- The judge has ruled that AEG has to provide a copy of their contract with Michael to Katherine Jackson.

2:32 -- The judge has taken the bench.

2:28 -- Family members have begun to file back into the courtroom. The judge has yet to come back.


Michael jackson Launch photos

1:03 -- The judge has called for a 30-minute break.

12:55 -- The judge decided on the lesser amount because of concerns about duplicate expenses for the monthly allowance approved for Katherine.

12:42 -- The judge has just granted 83.5% of what was requested for the children's allowance. Specific amounts were not discussed.

12:41 -- The lawyers are now discussing the allowance for Jackson's three kids.

12:40 -- Debbie Rowe will have visitation rights with her two kids and will continue getting spousal support based on the agreement she struck with Michael several years ago.

12:39 -- The judge granted Katherine a financial allowance for six months retro from the time Michael died. The amount of the allowance wasn't discussed in open court.

12:37 -- The judge just named Katherine permanent guardian of all three kids.

12:26 -- Debbie Rowe's lawyer, Eric George, just said he won't object to Katherine being appointed temporary guardian, but permanent guardianship could be delayed. It's curious given the supposed settlement between Debbie and Katherine.

12:24 -- The judge just said Klein has no legal standing to lodge an objection ... that Michael Jackson and Debbie Rowe are the parents.

12:18 -- The judge wants to know what legal standing Klein has -- this could force the issue over whether he's the daddy.

12:17 -- Get this. Mark Vincent Kaplan (K-Fed's lawyer) just showed up on behalf of Dr. Arnold Klein. Kaplan says Klein has a long-standing commitment to Michael Jackson and has concerns about Joe Jackson being involved with the children. There are reports Klein is the father, but he hasn't confirmed or denied.

12:14 -- The judge is on the bench. He'll be dealing with the guardianship settlement between Katherine and Debbie Rowe first.

12:00 ET -- Rebbie Jackson, Michael's older sister, has just showed up. We're told, day to day, she'll be the one taking care of Michael's kids.

11:56 AM ET -- Katherine, Randy and La Toya were escorted upstairs to the courtroom. La Toya is wearing a black jacket, slacks, and a white blouse. Katherine is wearing a brown suit, looking calm ... and chewing gum.

11:46 AM ET -- Randy just showed up.

11:45 AM ET -- Katherine and the lawyers are inside the courtroom. Two of Michael's sisters and one brother are also expected. The hearing is expected to begin shortly.
1174 COMMENTS

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1.

BabyGirl    

FIRST!

1805 days ago
2.

balls    

balls

1805 days ago
3.

Wombat    

First order of business, they want him buried wearing some little boys pajamas with horsies on them...and have his gloved hand down his pants...so he feels at home in his coffin.

1805 days ago
4.

REWARD    

The Jacksons could save thousands of dollars and wasted time, by just following the WILL to the letter !

1805 days ago
5.

Lori    

CNN is reporting that lawyers for AEG are inside the courtroom.

1805 days ago
6.

TEAMBRANCA    

As someone else posted elsewhere

per FARRAH FAWCETT'S will, which is to be released in two weeks, Redmond will get a monthly allowance and cash to buy a home. He is presently in Los Angeles prison for drugs offenses and his mother was keen that his inheritance would help him turn his life around.She has appointed two trustees to ensure the cash helps him recover from his addictions rather than fund them. "Redmond's inheritance will be tightly controlled," the Daily Express quoted a source close to the family as saying.

SOME PEOPLE NEED SUPERVISION SO THEY DON'T BLOW ALL THE MONEY....JACKSONS

I do sympathize with your loss, but Michael did not think your would be good business manager's, end of story

1805 days ago
7.

MJJ_luvYouForever    

I am not happy about Debbie getting visitation rights. I know, she is bio mom and should blah blah but my heart tells me that if I were in Katherine's shoes, I would not have her anywhere near the children because they were Michael's children.

It is one thing if you are a bio mom and lost your children through the court. For someone to give them up willingly to live with their dad (very honorable as may be), she never once tried to visit them even during 2005 when MJ was being dragged through hell. Now, unless I am mistaken, and unless she did visit the children through our their young life in some form or another, regularly and diligently then yes, she should have visitation rights. But if I was a judge, I would demand proof that she has earned her right to visit the children she gave birth to.

If this is not about money then I don't know what is! I don't care if they say it is not about 'new' money - the only reason she is seeking visitation is in the hopes that (a) she doesn't look like a bad mom and (b) maybe down the road, the rich kids will help take care of her when she is old and gray.

I have a feeling that the three children are going to turn into a Paris Hilton and Britney Spears like spoil kids as soon as they leave the Encino compound with the wealth their dad created.

1805 days ago
8.

Germangirl    

Hi there,

maybe somebody can answer me following question:

How is it possible to get custody by this overage people?

Here in Germany it would be impossible because the children needs parents which will life longer than a few years.

1805 days ago
9.

Wombat    

Also, no one is going to "refresh for updates" if they have to keep hearing that crap autoplay music.

1805 days ago
10.

TEAMBRANCA    

4. Thousands..... more like hundreds of thousands and perhaps eventually millions

The marley family wasted 80 million dollars fighting over that estate

1805 days ago
11.

TEAMBRANCA    

Just turn the volume off

1805 days ago
12.

undaunted    

TMZ, pit bull of news stories, keep the MJ news articles coming!

1805 days ago
13.

aohning    

"Wombat" Why are you even here, if you have such negative things to say? You are very disrespective and uninformed!

1805 days ago
14.

Tstorm    

what happened to the feed

1805 days ago
15.

MJJ_luvYouForever    

I think that Katherine Jackson should be booted out of the will if she insists on being a co-executor. When was the last time she sat with MJ in a business meeting? When did MJ last liaise with her about anything business? By the sounds of it, she didn't even know there was a will in existence - so how is SHE the BEST trustee?

The Jackson's are trying to leech Michael of his wishes. And as much as Michael loved his mother and respected his dad - he didn't want them meddling with his business affairs and that is why he chose to trust the outsiders. It is better to be betrayed by the outsiders than family.

As for Katherine, Michel's movie MAN IN THE MIRROR clearly showed (assuming it was authorized flix) that Katherine would give in to Joe's demands if it benefited ALL her children! That money belongs to the kids of Michael Joseph Jackson not to the kids of Joseph Jackson!

If Katherine somehow gets her way and starts snapping her fingers around then I know, as surely as I do that I am breathing right now, Michael would be pacing in heaven wondering what else could he have done to be heard!

Katherine Jackson should be kicked out of the will by her bold and blatant disregard of her son's wishes! She can't disguise her disrespect of her son's wishes with some legal jargon and lies about "she was a confident" when clearly she was not!


1805 days ago
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