Michael Jackson's Estate - Update on the Latest Court Moves - Round 1 Goes to Branca & McClain
A stunning decision was handed down this morning in the struggle for control over Michael Jackson's estate - Los Angeles Superior Court Judge Mitchell L. Beckloff has ignored arguments from Jackson's mother, Katherine Jackson, and handed temporary control of the estate to family attorney John Branca and music executive John McClain, two of the three executors named in Michael Jackson's July 2002 Last Will and Testament. As reported on Saturday in The Latest Court Moves, the third person named as executor, accountant Barry Siegel, previously declined to serve.
According to Josh Grossberg for E! Online, attorneys for Katherine Jackson argued that "there is concern over handing over the keys to the kingdom so quickly." But Judge Beckloff did not agree, stating that "someone needs to be at the helm of the ship" and that he believed "Branca and McClain would act in the best interest of the estate and be best equipped to sort through various complicated legal and financial problems." Enough said.
Of course, in making his decision Judge Beckloff was just following the terms of Michael Jackson's July 2002 will, and if/until that will is determined to be invalid, it will continue to govern the disposition of Jackson's estate along with the terms of the Michael Jackson Family Trust.
The next day in court regarding Michael Jackson's estate is Monday, August 3, 2009, at 8:30 a.m. in department 5, 111 North Hill Street, Los Angeles, CA 90012, when Judge Beckloff will decide who to appoint as permanent executors over Michael Jackson's "kingdom." And later that day at 10:30 a.m. in the same court room Judge Beckloff will decide who to appoint as the permanent guardian for Jackson's three minor children.
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