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Michael Jackson Executors Want 10%

1/22/2010 6:19 PM PST BY TMZ STAFF

Michael JacksonMichael Jackson's executors want 10% of the profits from most things Michael Jackson.

In legal docs filed today, lawyers for John Branca and John McClain asked the court to green light compensation to the tune of 10% of all profits, excluding profits from "This Is It" and profits from the Sony/ATV and Mijac catalog.

Howard Weitzman, Branca and McClain's lawyer, notes that the estates of other big musicians pay out 15 to 25 percent of profits to people who run their businesses after death.

110 COMMENTS

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46.

KAYE    

Who cares about this non-story?

TMZ.. address the issue that you posted and article two weeks ago claiming Murray was about to face charges and there has been NOTHING happening since.

If you got it wrong, admit it. Dont ignore the issue and print trash stories like this that no-one cares about.

Give Michael the justice he deserves and tell the truth and come clean.

Whats happening with Dr Murray and the investigation???

1547 days ago
47.

Helen    

@ Roe 50, the fee for the executors are set by the testator (Michael). It is already in the Trust Agreement. Executors want MORE THAN what Michael agreed.

IS MICHAEL JACKSON'S WILL VALID, Part 3 (2003 investigation & termination Letter to John Branca)
http://www.youtube.com/watch?v=tVGHcdZEHIs

IS MICHAEL JACKSON'S WILL VALID, Part 2 (Branca's signature looks like 2 initials from MJ will)
http://www.youtube.com/watch?v=IXjSmUUJuPo

1547 days ago
48.

Who Cares reads a wonder    

THE NEW DEAL you had this information before.re-adjust the will I NEED MY CUT.

1547 days ago
49.

KAYE    

What is happening with the MJ Death Investigation??

TMZ..... stop lying and making up stories. You got it wrong and you lied. Dr Murray hasnt been arrested or indicted and DA have not filed any charges.

Your readers are not stupid... dont discredit yourselves. Address the issue.

1547 days ago
50.

Helen    

@Em
ABSOLUTELY NOONE

Which is my point. Katherine wanted a seat, NOT to be one of the executors but to be in the know about whats going on with the estate. Branca and team fought her tooth and nail. She asked for AEG contract from Branca, HE DIDN'T GIVE IT TO HER, they said her request for a copy of the contract was 'BURDENSOME". SHe had to go to court to get a copy!

Branca sets up an offshore account, invest money and pocket the money, NOONE KNOWS ABOUT IT!


Isn't it odd that ALLEGED will has no clause of MICHAEL'S CHILDREN managing the estate when they reach a certain age???? Surely Michael wanted his children to manage his estate one day

THIS ALLEGED WILL IS A FORGERY!
The only reason Katherine is not fighting harder to invalidate it is the "no-contest" clause BRanca CONVENIENTLY added to the will.

1547 days ago
51.

KAYE    

What is happening with Dr Murray and the investigation?

You got it wrong two weeks ago when you reported that the LAPD were finished with their investigation and the DA were ready to file charges.
Murray has not been arrested.

So.. whats up with that? TMZ>>> if you got it wrong, address the issue. Dont discredit yourselves by trying to fool the public.

Address the issue of Murray and the investigation.
Print a story that matters.

1547 days ago
52.

KAYE    

Hello? Dr Murray???? Whats happening?

1547 days ago
53.

Who Cares reads a wonder    

40% 40% 10% 10% behind closed doors they will readjust the will.

1547 days ago
54.

Kathy    

Why are all of Michael Jackson's pictures all blurry all of a sudden?

1547 days ago
55.

For Sure    

@ Roe 50, the fee for the executors are set by the testator (Michael). It is already in the Trust Agreement. Executors want MORE THAN what Michael agreed.
Posted at 6:00PM on Jan 22nd 2010 by BrancaisaFRAUD

It is my understanding that you are speking about 2 different things here....
As executors at least in NJ when I was 3 times (executrix) you are only permitted by law to take 5% .

The trust which is a seperate entity is set by MJJ or the testator.
So what are they asking for and increase in Executor fees or an increase from the trust...

It is also my understanding that the beneficiaries of the trust would have to agree to an increase! Even if they said yes ... that is questionable with a trust!


1547 days ago
56.

Truth Unblinded    

What is happening with Dr Murray and the investigation?

You got it wrong two weeks ago when you reported that the LAPD were finished with their investigation and the DA were ready to file charges.
Murray has not been arrested.

So.. whats up with that? TMZ>>> if you got it wrong, address the issue. Dont discredit yourselves by trying to fool the public.

Address the issue of Murray and the investigation.
Print a story that matters.

Posted at 6:21PM on Jan 22nd 2010 by Sisqo



Who cares about the investigation. What happened to YOUR CAREER after the thong song?????

1547 days ago
57.

KAYE    

Wow... there are some pretty nasty, judgemental people on here.

Michael... we will not stop until Justice is served. We will not forget or be dismissed or discouraged.

TMZ.. you need to address the issue of the fact you printed a story TWO WEEKS ago about the investigation being complete... and there has been no development. So whats the deal with that?

1547 days ago
58.

tiv    

Wow these attorneys want it all a percent for this and that why does weiztman get anything let bianca do it all wow if i were kathryn i would take it away from them money hungry attorneys makes me sick

1547 days ago
59.

Truth Unblinded    

TMZ.. you need to address the issue of the fact you printed a story TWO WEEKS ago about the investigation being complete... and there has been no development. So whats the deal with that?

Posted at 6:34PM on Jan 22nd 2010 by KAYE




And you need to address the fact that you are a psychopath. This is TMZ not the Washington Post. Since when does TMZ run the DA's office? Complain to them wacko.

1547 days ago
60.

KAYE    

@geez... TMZ claim to be journalists. They claimed to print a truth which has turned out to be a lie.
The media have responsibilities.
The DA's office have nothing to do with it if you actually read the article i am talking about.

@Deb... come back to me when you have learnt to spell. I might take you seriously then.

Peace out. x

1547 days ago
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