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Michael Jackson's Former Lawyer, Music Exec Named Estate Executors
Joe Jackson claims he's entitled to an allowance from his son's estate.
On Tuesday, Judge Mitchell Beckloff rebuffed Joseph Jackson's bid to block the appointment of attorney John Branca and music exec John McClain to the position of co-executors of Michael Jackson's estate, saying that the family patriarch had no standing on the matter because he was not named a beneficiary in his son's will.
Joseph Jackson had raised an objection to the judge appointing the two men to the official position of executors, filing court papers on Monday claiming that Michael believed Branca and McClain were defrauding him, according to the Los Angeles Times. Joseph, who was cut out of his son's will, also asked the estate to cover more than $20,000 a month in living expenses, claiming that he is entitled to the "same manner" of support as estranged wife, Katherine Jackson, who receives a $26,000 monthly allowance from the estate to assist in caring for Jackson's three young children.
But, despite Joseph's claims, Reuters reported that Beckloff officially named Branca and McClain as co-executors, which gives the two men broad powers to make decisions on behalf of the late pop star's estate, including how the singer's music and likeness are licensed, promoted and packaged. In their role as administrators, Branca and McClain helped secure the deal for the "Michael Jackson's This Is It" documentary, which, along with other music sales and business deals overseen by the two, is expected to bring around $200 million into estate coffers by year's end.
Following Jackson's death, there were numerous reports that the family was battling for control of the estate, the value of which is estimated to be north of $500 million.
While at one point Katherine Jackson had opposed the naming of McClain and Branca as estate executors (they are currently titled special administrators of the estate), the Times reported that she dropped that objection on Tuesday. Her lawyer said it was "high time" that the family move past the conflict and being working together.
Jackson's trust includes a provision that cuts out any beneficiary who challenges its validity. Beckloff set a December date for a court hearing on Joseph Jackson's request for living expense, which the family patriarch claims his son had covered for decades.
In other Jackson news, the Los Angeles Times reported that Jackson's funeral cost more than $1 million, including a crypt at Forest Lawn Memorial Park in Glendale, California, that cost $590,000 and $35,000 for his funereal clothing. Invitations for the private funeral — which went out to such stars as Elizabeth Taylor, Quincy Jones, Macaulay Culkin and others — cost $11,716, and the security costs for the event ran to $30,000. In addition, flowers for the funeral added another $16,000; the funeral planner charged $15,000; and a dinner for friends and family following the event at an Italian restaurant in Pasadena totaled $21,455.
http://www.mtv.com/news/articles/1625984/20091111/jackson_michael.jhtml
Warhol's Michael Jackson portrait sells for $812K
NEW YORK – A "Thriller"-era silk-screened portrait of Michael Jackson created by Andy Warhol has sold for $812,500 to an anonymous collector.
The artwork sold at Christie's in New York City Tuesday evening.
Christie's estimated that the portrait would sell for $500,000 to $700,000.
The 1984 portrait depicts a smiling Jackson in a jacket with squiggles of red and yellow in his hair.
The auction house says the seller is an anonymous private collector based in New York who bought the image from the Andy Warhol Foundation in the 1990s. It did not say who bought the artwork.
The image was one of 47 lots auctioned Tuesday, including two other Warhol paintings.
http://img.perezhilton.com/wp-content/uploads/2009/08/jackson_warhol__oPt.jpg
Original Michael Jackson-Lisa Marie Presley signed marriage certificate will be sold at auction
The original marriage certificate issued to Michael Jackson and Lisa Marie Presley on May 26, 1994 in the Dominican Republic, where the couple embarked on their brief but highly publicized life together, will be sold in an important multi-estate sale slated for the weekend of Jan. 22-24, 2010, by Philip Weiss Auctions. The certificate was signed by both Jackson and Presley.
“Anything relating to Michael Jackson is of extreme interest right now because of his untimely death and the release of the movie,” said Philip Weiss, “but when you have an item that combines his name and legend with the Presley name and legend, their marriage certificate no less, with both of their signatures on it, you’ve got something that’s almost impossible to predict what it will bring at auction.”
That same weekend, another slice of music and pop culture memorabilia will be sold by Philip Weiss Auctions: a large photo of the Beatles, signed by all four members of the group, personalized to the late pianist Liberace. In their lighthearted way, the Beatles signed it “to Liber-Archie” as a play on words. Also in the auction will be many other pieces of authentic signed Beatles-related memorabilia.
http://community.livejournal.com/ohnotheydidnt/40951175.html
Joe Jackson claims he's entitled to an allowance from his son's estate.
On Tuesday, Judge Mitchell Beckloff rebuffed Joseph Jackson's bid to block the appointment of attorney John Branca and music exec John McClain to the position of co-executors of Michael Jackson's estate, saying that the family patriarch had no standing on the matter because he was not named a beneficiary in his son's will.
Joseph Jackson had raised an objection to the judge appointing the two men to the official position of executors, filing court papers on Monday claiming that Michael believed Branca and McClain were defrauding him, according to the Los Angeles Times. Joseph, who was cut out of his son's will, also asked the estate to cover more than $20,000 a month in living expenses, claiming that he is entitled to the "same manner" of support as estranged wife, Katherine Jackson, who receives a $26,000 monthly allowance from the estate to assist in caring for Jackson's three young children.
But, despite Joseph's claims, Reuters reported that Beckloff officially named Branca and McClain as co-executors, which gives the two men broad powers to make decisions on behalf of the late pop star's estate, including how the singer's music and likeness are licensed, promoted and packaged. In their role as administrators, Branca and McClain helped secure the deal for the "Michael Jackson's This Is It" documentary, which, along with other music sales and business deals overseen by the two, is expected to bring around $200 million into estate coffers by year's end.
Following Jackson's death, there were numerous reports that the family was battling for control of the estate, the value of which is estimated to be north of $500 million.
While at one point Katherine Jackson had opposed the naming of McClain and Branca as estate executors (they are currently titled special administrators of the estate), the Times reported that she dropped that objection on Tuesday. Her lawyer said it was "high time" that the family move past the conflict and being working together.
Jackson's trust includes a provision that cuts out any beneficiary who challenges its validity. Beckloff set a December date for a court hearing on Joseph Jackson's request for living expense, which the family patriarch claims his son had covered for decades.
In other Jackson news, the Los Angeles Times reported that Jackson's funeral cost more than $1 million, including a crypt at Forest Lawn Memorial Park in Glendale, California, that cost $590,000 and $35,000 for his funereal clothing. Invitations for the private funeral — which went out to such stars as Elizabeth Taylor, Quincy Jones, Macaulay Culkin and others — cost $11,716, and the security costs for the event ran to $30,000. In addition, flowers for the funeral added another $16,000; the funeral planner charged $15,000; and a dinner for friends and family following the event at an Italian restaurant in Pasadena totaled $21,455.
http://www.mtv.com/news/articles/1625984/20091111/jackson_michael.jhtml
Warhol's Michael Jackson portrait sells for $812K
NEW YORK – A "Thriller"-era silk-screened portrait of Michael Jackson created by Andy Warhol has sold for $812,500 to an anonymous collector.
The artwork sold at Christie's in New York City Tuesday evening.
Christie's estimated that the portrait would sell for $500,000 to $700,000.
The 1984 portrait depicts a smiling Jackson in a jacket with squiggles of red and yellow in his hair.
The auction house says the seller is an anonymous private collector based in New York who bought the image from the Andy Warhol Foundation in the 1990s. It did not say who bought the artwork.
The image was one of 47 lots auctioned Tuesday, including two other Warhol paintings.
http://img.perezhilton.com/wp-content/uploads/2009/08/jackson_warhol__oPt.jpg
Original Michael Jackson-Lisa Marie Presley signed marriage certificate will be sold at auction
The original marriage certificate issued to Michael Jackson and Lisa Marie Presley on May 26, 1994 in the Dominican Republic, where the couple embarked on their brief but highly publicized life together, will be sold in an important multi-estate sale slated for the weekend of Jan. 22-24, 2010, by Philip Weiss Auctions. The certificate was signed by both Jackson and Presley.
“Anything relating to Michael Jackson is of extreme interest right now because of his untimely death and the release of the movie,” said Philip Weiss, “but when you have an item that combines his name and legend with the Presley name and legend, their marriage certificate no less, with both of their signatures on it, you’ve got something that’s almost impossible to predict what it will bring at auction.”
That same weekend, another slice of music and pop culture memorabilia will be sold by Philip Weiss Auctions: a large photo of the Beatles, signed by all four members of the group, personalized to the late pianist Liberace. In their lighthearted way, the Beatles signed it “to Liber-Archie” as a play on words. Also in the auction will be many other pieces of authentic signed Beatles-related memorabilia.
http://community.livejournal.com/ohnotheydidnt/40951175.html
Today in
Michael Jackson History
Michael Jackson History
1992 - Michael Jackson's single "Heal The World" was released. The single also contained "She Drives Me Wild."