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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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Previous 15 Comments | 73 | 74 | 75 | 76 | 77 | 78 | 79
1171.

holmes    

della,... I meant demerol-- I was uisng analogy with 'home brew'

here's another-- was MJ drug free in Bahrain?? if not?? WHO WAS SENDING HIM HIS REGULAR STASH???

i WON'T GUESS-- TOOO HARD.. BET KLEIN WAS SENDING IT TO HIM-- THROUGH THE DIPLOMATIC POUCH.. as sooooo useful-- THE SHEIK AS HIS HOST.. have exemption.. they won't check...

nice,huh???

1717 days ago
1172.

marson    

I heard Michaels family mom and dad filed for bankrupcy, so I'm sure thats why he appointed business men to be in charge to make sure there is money for the kids.

1716 days ago
1173.

Himmycat18    

I just read where the family is planning to bury Michael in an "unmarked grave". I have mixed emotions about this decision. I do understand their concerns for security, the possibility of fans desecrating his body, ect. But on the other hand, I feel that those of us who are still mourning for him and will continue to do so for quite some time to come NEED to be able to visit his final resting place and perhaps begin the process of healing and try to find some closure to his loss. Rest in eternal peace, Michael. "I love you more".

1715 days ago
1174.

Daphne kenward    

I am getting sick of the MJ story because all avenues has not been explored, it MJ was not in sound mind because he was a drug addict, why has none of his family reconised this issue. I think MJ estate will be looted and the kids end up with nothing. That WILL should be NUL & VOID.

1715 days ago
Previous 15 Comments | 73 | 74 | 75 | 76 | 77 | 78 | 79

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