Fans Mourn Michael Jackson
On August 4, the Superior Court of Los Angeles ruled today that the King of Pop Michael Jackson's estate will be jointly managed by a lawyer he appointed before his death and a close friend until early October. This is the arrangement for the management of posthumous assets as stated in Michael Jackson's will.
According to reports, on August 4, the Los Angeles Superior Court held a hearing regarding the custody of Michael Jackson's children and issues related to his estate after his death.
Judge Beckloff ruled on the morning of August 4 that Michael Jackson's mother, Katherine Jackson, has permanent custody of Michael Jackson's three children, while the second wife of this male star, Debbie Rowe, has visitation rights.
Michael Jackson suddenly passed away in Los Angeles on June 25. The exact cause of death is still awaiting the release of the autopsy report from the medical examiner. It is estimated that he left behind about $500 million in assets, and the distribution and management of this inheritance have recently been the focus of media attention.
Beckloff also ruled that Michael Jackson's estate will be jointly managed by Branca, a lawyer he had known for many years before his death, and music producer and close friend of the Jackson family, McLean, at least until October 2.
In the will established by Jackson in 2002, there was a clear explanation regarding the management of his posthumous assets. This male star's three children and Katherine Jackson are all beneficiaries of the estate, while Branca and McLean will jointly manage Jackson's posthumous assets.
However, Beckloff also allowed Katherine Jackson to raise objections to the joint management of Jackson's estate by Branca and McLean. The appointed lawyer for Katherine Jackson expressed a desire to further understand whether Branca and McLean have any conflicts of interest.