Katherine Jackson loses appeal against Michael Jackson’s estate over sale of his music catalog

Katherine Jackson, Michael Jackson

Katherine Jackson loses appeal against Michael Jackson’s estate over sale of his music catalog

Katherine Jackson has lost its last legal battle against MichaelJackson‘s estate.

The mother of the pop icon, who died in 2009, was involved in a legal dispute with his estate over his extensive and historic catalog.

This ordeal has been going on for two years now, and last year Johannes Branca and A&R Manager John McClainthe co-executors of MichaelJacksonEstate and trustee of MichaelJackson Family Trust, received permission from a probate court to sell half of its catalog to Sony for $600 million.

MichaelJackson

Katherine Jackson She then appealed, but an appeals court has now dismissed her claims on the grounds that they were “meritless.” The court also pointed out that she did not raise her concerns in probate court and that the sale did not violate the trust.

Katherine Jackson had previously stated that before his death MichaelJackson made it clear to his relatives that he wanted his assets to pass to his family in the event of his death. However, this wish was not recorded in his will, which has the final say.

His will states that his estate will be passed on to the MichaelJackson Family Trust where the beneficiaries are his children Paris Jackson26, Prince Jackson27, and Bigi Jackson22. Unnamed charities are also listed as beneficiaries.

The appeal states:

“Here, the will gave the executors broad powers to sell, with no exception for the assets at issue in this case. Therefore, the probate court did not err in concluding that it was Michael’s intention to allow the executors to sell all of the estate’s assets, including those at issue in the proposed transaction.”

Paris and Prince Jackson

Although Catherine is a lifetime beneficiary of a portion of a sub-trust, the trustees have the power to put as much money into the sub-trust as they see fit. The court filing states Catherine will be provided with funds for

“Care, support, preservation, comfort and well-being.”

If she dies, her share goes to Michael’s Children.

In the meantime, the estate has not even been paid out to the trust due to problems with the IRS. But Johannes Branca And John McClain were allowed to monitor its business relationships from 2019 onwards.

They filed documents about the Sony sale in November 2022 and Catherine raised concerns, pointing out at the time that the assets would increase in value over time and that the estate did not need the money from the sale. However, she also said at the time that the two executors could go through with the transaction if they wanted to.

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