Open General discussion - Katherine Jackson vs AEG

[ivy]

Randy's issue with the will is that Michael somehow manages to sign it in LA while he was in New York and that has never been properly explained.

It was properly explained in court where it matters. What Randy thinks what you think mean nothing

yep justthefacts is right. it was properly explained in the court by witnesses to the will giving sworn affidavits that wrong place was written on the will and they saw Michael sign the will.

 

[StellaJackson]

It was properly explained in court where it matters. What Randy thinks what you think mean nothing

Then please enlighten me. It is a fact that Michael was in NY on the 6th, 7th and 8th July yet his will states it was signed in Los Angeles. Please tell how this discepancy was explained in court.

 

[StellaJackson]

yep justthefacts is right. it was properly explained in the court by witnesses to the will giving sworn affidavits that wrong place was written on the will and they saw Michael sign the will.

Is there a transcript of these affidavits?

 

[Justthefacts]

Ever hear of somehting called a mistake?

 

[#MJforever57]

Randy is still on that issue about the will? It doesn't matter The Jacksons will never get Michael Estate so move on.

 

[Soundmind]

His deposition was 60 pages of him detailing all the times he tried to help Michael yet it's full of hate and rage? Are you serious? And be wasn't making fun of his weight. It was a generalisation. He wasn't being specifically asked about his weight.

Randy's issue with the will is that Michael somehow manages to sign it in LA while he was in New York and that has never been properly explained.

I see , Michael was in 300 millions in debt , Randy tried to help him by dumping his children on him to take care of them . By the way no one except delusional Jacksons fans believe the Jacksons considered MJ anything but a money machine .

 

[twinklEE]

Ever hear of somehting called a mistake?

Don't bother it's useless. I've done the same thing numerous times.
I am constantly travelling between City A and City B sometimes I just sign City A even though I'm in City B, because I forget it.
Another reason is that because I have more of a base in City A than City B, or I because I'm used to signing City A instead of City B.

 

[StellaJackson]

I see , Michael was in 300 millions in debt , Randy tried to help him by dumping his children on him to take care of them . By the way no one except delusional Jacksons fans believe the Jacksons considered MJ anything but a money machine .

Of course, anyone with a different opinion is "delusional". Keep it classy.

 

[#MJforever57]

Not in the eyes of Randy. He still believe Michael was not there to sign the will.

 

[StellaJackson]

Not in the eyes of Randy. He still believe Michael was not there to sign the will.

Well Michael was in New York and the will says LA. Obviously it can be a simple mistake, which is the most logical explanation. I wanted to know if there any officially documented explanation outside of news reports.

 

[Soundmind]

Then please enlighten me. It is a fact that Michael was in NY on the 6th, 7th and 8th July yet his will states it was signed in Los Angeles. Please tell how this discepancy was explained in court.

OK, where is the most updated will in which he named someone else other than Branca ? I mean Branaca fabricated the will he produced, where is the so called real one ?

What are Randy's qualifications to be named an executor ? a semi illiterate broke 50 years old man who had a history for defrauding people in comparison with someone of Brancas caliber , MJ would have been truly on something if he put a semi illiterate broke defrauder on charge of a 1 billion estate .

How do you describe the relationship between Randy and the main beneficiaries the kids ? he is not in charge of the estate and he's making the kids lives a living hell , what would have he done if he was indeed in charge of their money ?

 

[#MJforever57]

Don't bother it's useless. I've done the same thing numerous times.
I am constantly travelling between City A and City B sometimes I just sign City A even though I'm in City B, because I forget it.
Another reason is that because I have more of a base in City A than City B, or I because I'm used to signing City A instead of City B.

Love your post.

 

[StellaJackson]

OK, where is the most updated will in which he named someone else other than Branca ? I mean Branaca fabricated the will he produced, where is the so called real one ?

What are Randy's qualifications to be named an executor ? a semi illiterate broke 50 years old man who had a history for defrauding people in comparison with someone of Brancas caliber , MJ would have been truly on something if he put a semi illiterate broke defrauder on charge of a 1 billion estate .

How do you describe the relationship between Randy and the main beneficiaries the kids ? he is not in charge of the estate and he's making the kids lives a living hell , what would have he done if he was indeed in charge of their money ?

Only one will has ever been seen publicly and I'm not interested in the insults you want to throw at Randy or anyone else. That just comes across as childish. I just wanted to know if the discrepancy had been explained but all that seems to go on here is abuse.

 

[Snow White luvs Peter Pan]

Randy the best thing he could do is puting him in contact with Tom Mesereau but he stole money from Michael either way, how is that helping? http://nydailynews.com/1.225010

 

[passy001]

Is there a transcript of these affidavits?

so you think the explanations are made up?

Let's assume for a second you are right. the will is as fake as hell. then the 1997 will be entered into probate and so become valid. in that will John Branca is still nominated as co-executor, KJ is still a beneficiary but not a heir. the same cousins are backup beneficiaries. still, no sight of the Jacksons in that will. no tito. no latoya. no janet. no germaine. no jackie. no Randy. none. zero.

the only one missing in that will are his children since they were not yet born.

so in the end, nothing changes really. Absolutely Zero.

 

[#MJforever57]

Well Michael was in New York and the will says LA. Obviously it can be a simple mistake, which is the most logical explanation. I wanted to know if there any officially documented explanation outside of news reports.

True. I wonder too is there a documented out there? But that is a question we will never get a answer too.

 

[StellaJackson]

so you think the explanations are made up?

Let's assume for a second you are right. the will is as fake as hell. then the 1997 will be entered into probate and so become valid. in that will John Branca is still nominated as co-executor, KJ is still a beneficiary but not a heir. the same cousins are backup beneficiaries. still, no sight of the Jacksons in that will. no tito. no latoya. no janet. no germaine. no jackie. no Randy. none. zero.

the only one missing in that will are his children since they were not yet born.

so in the end, nothing changes really. Absolutely Zero.

I never said the will is fake because I don't believe it is. I just wanted to know if there was an official explanation on the record. The 1997 will isn't on record either.

 

[#MJforever57]

And that the only thing that was change in this will was Michael's kids were adding to the will. IMO it is the same will just changes to it.

 

[passy001]

I never said the will is fake because I don't believe it is. I just wanted to know if there was an official explanation on the record. The 1997 will isn't on record either.

Stella you've been around long enough to answer that question by yourself. That explanation that seems to elude you for some reason was approved by the sitting probate judge in 2009 during a dispute between KJ and the current executors. As Ivy said, the witnesses came in and supplied signed affidavits clarifying the discrepancy in the cities.

the 1997 will is allover the internet. most of MJ wills and trust documents were leaked to the media and internet.

 

[ivy]

Is there a transcript of these affidavits?

they were filed with the court. it's a probate court - matter of a decedent and not considered a public matter - so there's a considerable amount of sealing and redaction going on. (in other words law considers death of a person is mainly a matter of the family and not the public at large) so it's unlikely that such things will become "public". I believe older wills are also filed with the court and hence "on the record" but they aren't public.

but you know that the will has been challenged by Joe Jackson and the executors have been challenged by Katherine and therefore for a while they have been classified as "special administrators" meaning their position was temporary. No challenge survived and the judge was convinced that the will is legit.

Randy or any fan might have questions about the will but it won't change the fact that this is legally considered a valid will and none of the questions or concerns raised invalidated it.

so in the end, nothing changes really. Absolutely Zero.

the main document is the trust and not the will. and no one challenged or complains about the trust. So nothing in regards to distribution will change. reported 3 wills naming branca as executor means that his executor position won't change either.

if all of the wills are invalidated and Michael dies without a will, everything he has would go to his kids - which would remove Katherine and the charities as beneficiaries. Branca & McClain won't be the executors but it's also unlikely that any Jackson who had bankruptcy or more importantly a bankruptcy fraud conviction in their past be allowed to be an executor. Even a Jackson was allowed to be an executor in such setting almost certainly a financial institution would be determined as a co-executor.

given that it is highly unlikely to invalidate 3 wills, given Jacksons don't probably want to remove Katherine as a beneficiary, given there has been no challenge and no attempt to invalidate in regards to the trust, the only way to remove Branca & McClain would be through a current wrongdoing in handling the Estate matters.

and no IRS investigation won't do it. Estate hired Briggs to determine the value. Even if he made a mistake or undervalued it , Briggs would only be in trouble if it was deliberate. If he can explain his reasoning and show good faith in his calculation he won't be in trouble. and Executors would only be in trouble if there was a deliberate attempt to undervalue the catalog and they knew or parttake in such.

 

[TheChosenOne]

I know this is OT - but it boils me how Randy talks about how he pulled the memorial together (gimme a break), but yet still could not pull his own pocket to pay for jack sh*t for it! Michael even had to pay for the suit that Randy wore! These people .... I tell ya!

 

[Soundmind]

It seems the expert from yesterday did a real damage to Panish's case , I would say his testimony was devastating .AEG did really good with their last two witnesses. He did not seem to undervalue MJ , he just stated facts , Panish can't argue with him that's why he want everything stricken, especially payments to debts . How desperate , how did he believe AEG would not bring up the fact that almost MJ's entire income was going to pay debts not to Katerine

 

[twinklEE]

I know this is OT - but it boils me how Randy talks about how he pulled the memorial together (gimme a break), but yet still could not pull his own pocket to pay for jack sh*t for it! Michael even had to pay for the suit that Randy wore! These people .... I tell ya!

It's obvious that these people saw nothing more but a bank in Michael, Michael was merely a financial institution, their very own JP Morgan Chase, Citygroup, BoA, DB, Barclays etc. Everything that belonged/belongs to Michael = belongs to them.
Why pay for something out of your own pocket when Michael might as well pay for it, that's the logic they are applying.

 

[Mneme]

Yesterday my friend said "And if Jacksons win the trial and they get money you can wait and see that they still are going after Michael's will. Because AEG money is not Michael's money. They can get 1 or 3 or 5 Billions from AEG, never mind, only to get Michael's money is important. It is something as incomporating or assimilating Michael, a sort of cannibalism."

She is an psychologist and I thought she was a bit over-subtle. But I'm not sure and maybe she is right.

 

[serendipity]

There's no way Katherine didn't know about the Heyvenhurst foreclosure and Neverland being near foreclosure and yet, the moment she learned he got an advance from AEG she came requesting a $600K motor home. I have no words. I find it despicable frankly and the fact that Panish keeps bringing it up to show MJ's love for him mother, without revealing the real situation, disgusts me.

And Katherine just sitting there listening to this........ I wonder if she feels at least a little bit bad about it all or does she continue to "close her ears" for the bad stauf....

 

[ivy]

interesting developments


ABC7 Court News ?@ABC7Courts 19m
Panish: And in your opinion is that the children lost $21.5 millions in future support?

ABC7 Court News ?@ABC7Courts 19m
Ackerman said that was correct, if you were to believe MJ would continue to give the same support as previous years.


ABC7 Court News ?@ABC7Courts 20m
"It could be zero support too," Ackerman opined. "He was in pretty bad financial situation."


ABC7 Court News ?@ABC7Courts 8m
Panish: Did you do a calculation for the loss of their father, loss of care, comfort, society, affection?

ABC7 Court News ?@ABC7Courts 7m
Ackerman: I don't think I'm qualified to calculate that.

so AEG's position is $21.5 Million lost income + whatever the jury awards as non-financial (loss of love) damages

and a tidbit about Sony/ ATV financing

ABC7 Court News ?@ABC7Courts 15m
Ackerman said the Sony/ATV catalogue debt interest was 7%. This was the majority of the debt MJ had.

ABC7 Court News ?@ABC7Courts 14m
Ackerman explained the Sony/ATV loan was very unique in many ways. He said it was collateralized by the catalogue itself.

ABC7 Court News ?@ABC7Courts 14m
He also said there was a bankruptcy remote trust attached to the catalogue, if asset were to be sold the proceeds would first to repay debt.

ABC7 Court News ?@ABC7Courts 13m
On top of that, Ackerman said Sony guaranteed they would pay $300 million in case everything else failed.

ABC7 Court News ?@ABC7Courts 15m
"It was the most secured loan I've ever seen," Ackerman said. "It caused the interest rate to go way down."

 

[#MJforever57]

It seems the expert from yesterday did a real damage to Panish's case , I would say his testimony was devastating .AEG did really good with their last two witnesses. He did not seem to undervalue MJ , he just stated facts , Panish can't argue with him that's why he want everything stricken, especially payments to debts . How desperate , how did he believe AEG would not bring up the fact that almost MJ's entire income was going to pay debts not to Katerine

I agree with you he did hurt the Jacksons case. I am not surpries. AGE was going to bring this out because Michael was so much in debt. IMO alot of this money was going toward Michael debts.

 

[#MJforever57]

Debbie next to take the stand Wed. I wonder what AEG will ask her? most likley it will be about his drugs use in the 90s and on tours.

 

[ivy]

Anthony McCartney @mccartneyAP
AEG Live's lawyers also played the deposition of Dr. Gordon Sasaki to end the day.
Court resumes tomorrow at 10:45 a.m. PDT.
Reply
Retweet
Favorite
More optionsDetails
15m
mccartneyAP's avatar
Anthony McCartney @mccartneyAP
We're done for the day in Jackson vs. AEG Live. It'll take me a while to get updates out, but William Ackerman finished testifying this p.m.

 

[Aquarius]

I know this is OT - but it boils me how Randy talks about how he pulled the memorial together (gimme a break), but yet still could not pull his own pocket to pay for jack sh*t for it! Michael even had to pay for the suit that Randy wore! These people .... I tell ya!

What suit are you talking about?