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Randy, Jermaine Jackson

Plot to Get MJ's $$$ ... Allegedly

7/20/2012 12:50 AM PDT BY TMZ STAFF
EXCLUSIVE

0719_randy_jackson_jermaine_jackson_article
Randy and Jermaine Jackson are trying to get at Michael Jackson's money, by hatching a sinister plot involving Katherine Jackson ... so claim sources connected with the Michael Jackson Estate.

Randy, Jermaine, Janet, Tito and Rebbie Jackson all signed a letter, demanding that the Executors of the MJ Estate step down, claiming the executors are failing so badly, the stress caused Katherine to suffer a stroke.

Sources connected with the Estate are now lashing back, telling TMZ they believe Randy and Jermaine (they are not including the others) are strapped for cash and know when Katherine dies there is no way they can get their hands on a penny of MJ's fortune -- that's because all of the money goes to charity and in trust for Michael's 3 kids.

Our sources believe ... Randy and Jermaine are trying to make it appear that Katherine is infirm and may need a conservatorship. And the sources further believe Randy and Jermaine will try and get themselves appointed as her conservators, which would give them access to more than $70,000 a month.

We know Katherine's people have denied she had a stroke. As for the Estate failing miserably, it seems like bad timing, because new court docs just revealed the Estate has grossed nearly half a billion dollars, wiping out MJ's massive debt.

Calls to Randy and Jermaine have not been returned.

update_bar

Jermaine Jackson has released a statement, through a rep, saying, "I note that this 'story' comes from 'sources close to the Estate'. It, therefore, does not surprise me that such a wildly false claim is being invented, presumably to deflect attention away from this family's very real concerns about the Estate."

The statement continues, "This claim is as far-fetched as it is untrue, but such are the anti-Jackson falsehoods we have come to expect from 'sources close to the Estate.'"

"I will reiterate that this family's first and foremost concern is our mother's health, welfare and well-being. Nothing else."

212 COMMENTS

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31.

Susan62509    

If the siblings want Katherine under a conservatorship so they can replace her in Estate consultations, they are in for a big surprise. MJ disinherited them. They have no knowledge what the duties of an Executor has as proven by their letter.

The siblings letter trashes the executors yet blame them for not helping Jackson family members for the despositions they had to fill out. This is an oxymoron. The executor's have nothing to do with the AEG lawsuit. Katherine hired trial attorneys and chose to sue AEG by her own decision. The executor's reminded the KJ vs AEG judge know that certain AEG do***ents were sealed in the probate court.
Such a shame that the siblings completely disregard MJ's final wishes written in his Will/Trust. And for the record, where (location) a Will/Trust is signed is not a requirement by law. Location is completely irrelevant in a court of law.

637 days ago
32.

Susan62509    

Portions of Randy’s letter with comments in parenthesis:
Branca told family “I am MJ now”, thus abusing KJ and dividing the Jackson family”. (Branca was probably trying to define to the Jackson’s what an executor is/does. If the family feels abused or divided that’s their problem not the executors.)

Jermaine tweets: "This is a serious matter that has been weighed carefully, including taking into account Michael’s thoughts and feelings when he was alive." (It doesn't make any difference what MJ said when he was alive. Legally, it is what MJ said in writing in his Will/Trust.)

Jackson’s called Branca regarding the Will after MJ died & Branca said he was on vacation. (Legally irrelevant. This proves the Jackson’s have been lying since day one because they filed legal papers 3 & 4 days after MJ died, writing he died intestate when they knew Branca had the Will.)

Executors are pursuing wealth, fame & power. (That was MJ’s choice. Each executors make 5% net profit from estate excluding the TII do***entary and ATV Catalogue. If an attorney or bank was named as an executor of any Will/Trust they charge up to 30% of the Will/Trust total worth.)

637 days ago
33.

oink    

Put the Jacksons in a room and let them rip each other apart.

637 days ago
34.

muffey    

These brothers should be ashamed of themselves. Their greed has turned off people who were loyal to the Jackson 5. It is obvious Michael was the one with talent. Perhaps they should get a real job.

637 days ago
35.

Susan62509    

For example, if the Jackson siblings were able to get Branca and McClain removed as executors, a judge would automatically assign a court appointed executor to handle MJ's trust or most likely assign it to Howard Weitzman. A judge will not automatically name Katherine the executor especially at her age because he would not want to assign another executor to MJ3 after KJ passes away. With the siblings insisting KJ had a mini-stroke is a negative if that is their intentions in her having control of MJ's estate.

The other mistake the Jackson siblings are making by trying to get the executors removed is the incoming monies could stop. There is currently $25M pending to pay off debits and pending ongoing lawsuits. Who else in the entertainment industry has the clout and brains that Branca has in negotiating future financial endeavors for incoming profits to fund KJ's and MJ3's trust accounts? Certainly not anyone with the last name of Jackson. Any future projects for the estate that is not done perfectly in the name of MJ, by future executors, will not be accepted by MJ fans. Without future highly successful profitable MJ projects leaves the door open for Tom Barrack to sell Neverland and Sony to demand payment of MJ's loan against his Sony ATV Catalogue thus Sony owning 100% of the catalogue with no future financial security for MJ3. All debts and lawsuits pending could require the sale of Mijac and MJ's personal catalogue. Just because the siblings want to contest the current executors does not entitle them to any positions or financial cut into MJ's empire.

637 days ago
36.

Aquarianne17    

Michael Jackson's family (except his children) needs to start taking responsibility for his death. He wouldn't have needed the doctors and pills if it weren't for them. I'm talking about mother and father and siblings.

637 days ago
37.

Tee    

What surprised me was that janet signed this letter.

637 days ago
38.

oink    

It's a Private Jackson Family issue, let them fight it out. we will sit and watch & laugh. $$$$ brings out the Evil in people.

637 days ago
39.

Muchadoaboutnothing    

Damn shame. Trying to take his money and Janet is pissed because Paris has a big movie deal. Ya'll should be ashamed. smh.

637 days ago
40.

ic    

These people better get a job as the cash cow is over with and that Paris will make sure they do not get their grubby hands on her money...she will first emancipate herself before that happens..it took for ever to get rid of Jermaine's family that had been sponging for years..they better realize it is all over...

637 days ago
41.

Meanie    

This family of sleazy douchebags will do or say anything to get their hands on their brother's cash. They'd **** their own niece and nephews out of their money and not lose one minutes sleep doing so. DOUCHEBAGS.

637 days ago
42.

make no mistake    

Debbie Rowe...please come and get these children out from under the Jacksons.

637 days ago
43.

Jody    

When each of those three kids turns 18, or whatever age they get all their money free from the estate, their family is going to swarm around them like piranhas at every opportunity trying to get it from them.

637 days ago
44.

Judy    

The greed of the Jackson family just never stops, does it? I find it interesting that every single one of those kids has turned out to be so consumed by a sense of entitlement. With that many kids in the family you'd think one or two of them might have turned out less greedy and self-centered. But perhaps they're just products of their upbringing. In any event, it's sickening how they are so greedy going after money they have not even worked for, and they don't seem to have any shame about it.

637 days ago
45.

Katz    

A bunch of moochers! I'm sure Micheal didn't leave his brothers and sisters anything for a reason.

637 days ago
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