REVEALED: Michael Jackson’s Mother Katherine Paid $55 Million From His Estate Since Pop Star’s Death
SOURCE: MEGAThe executors of Michael Jackson’s estate claim the singer’s mother can afford her own attorney’s fees.
The executors of Michael Jackson‘s estate claimed to be justified in asking the King of Pop’s mother, Katherine, to pay for her own attorney fees as she appeals a nine-figure business deal they struck, RadarOnline.com has learned.
In new legal docs, the estate claims Katherine has been on the receiving end of a substantial amount of cash and other benefits since her son’s death in 2009, claiming it tallies up to more than $55 million over the years.
SOURCE: MEGA
According to the estate, most of that comes in a six-figure monthly allowance she is afforded which adds up to more than $160k per month. They argue that allowance plus other cash payments amount to $33 million of the $55 million total.
Katherine, meanwhile, is standing her ground as she moves forward with her appeal to fight the business deal the estate struck.
As we previously reported, the “Thriller” hitmaker’s mother is opposed to the decision to sell half of MJ’s music catalog to Sony because she feels confident her son would not have wanted it, while executors John Branca and John McClain have asked the court to approve the deal claiming Katherine previously objected to opportunities that turned out to be lucrative.
SOURCE: MEGAJohn Branca with Jamaican model Kamini Chinloy
The estate said the deal would be beneficial to Jackson’s kids Prince, Paris and Blanket.
Blanket was on his grandmother’s side but had a change of heart after the judge agreed with the executors and approved the deal.
SOURCE: MEGAMJ’s mother is opposed to the decision to sell half of late son’s music catalog to Sony because she feels confident her son would not have wanted it.
As for why he backed out at this point in time, his lawyer explained, “[Blanket] did not appeal the Court’s ruling. It was apparent that the Court was acting within its discretionary powers to grant the Petition for Instructions. The chances of a reversal on appeal were quite slim and [Blanket] did not wish to incur further expense in pursuing an appeal.”
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SOURCE: MEGABlanket was on his grandmother’s side but had a change of heart after the judge agreed with the executors and approved the deal.
Katherine has continued to prove that she won’t be going down with a fight, filing an appeal that said the executors had no authority to sell off the asset, following which they argued it was well within their rights.
MJ’s mom believes it is only fair that she is reimbursed for the $500k legal fees that are associated with the court battle, considering the time and effort wasted on a deal she doesn’t support in the first place.
Revealing the huge amount of money the King of Pop’s mother has received since his death
Michael Jackson’s mother has amassed a fortune since her son died — to the tune of tens of millions, which is why she can pay for her own lawyers … so claims MJ’s estate.
A rep for the estate confirms to TMZ that they’ve filed legal docs in their ongoing dispute with Katherine Jackson over attorney’s fees that she’s trying to have the estate cover … over a deal that the estate itself struck, which she’s currently appealing.
TMZ has seen the paperwork … and it lays out some financial info that, if accurate, is absolutely eye-popping.
In the filing, the estate claims there’s a massive amount of cash and other benefits Katherine has received since Michael’s death in 2009 … with the executors of the estate alleging it all totals more than $55 million over the nearly 15 years.
A good chunk of that dough, the estate claims, comes in the form of a monthly allowance it says Katherine is afforded by MJ’s estate, and totals more than $160k/month.
that allowance — plus other cash payments — amount to $33 million of the $55m total, according to the estate.
On top of that, the docs say Katherine is well taken care of by the estate … which claims to have shelled out more than $15 million to buy and improve her luxury home, not to mention paying for her transportation and other perks — like a private gardener, chef, and security.
The point of the estate executors laying this all out is to bolster their argument Katherine can afford to cover her own attorney’s fees as she pushes forward with her appeal to fight a huge business deal the estate struck … which she and Michael’s son, Blanket, were fighting together until recently.
Unclear what exactly that deal is, but it appears to be related to the blockbuster deal the estate struck for Sony to buy half of MJ’s music catalog for 9 figures.
We broke the story … Blanket filed legal docs earlier this week that made clear he, too, felt Katherine should be covering her own attorney’s fees for the appeal — and that the estate shouldn’t have to pick up the tab.
Blanket was on Katherine’s side up until a judge ultimately ruled against them, and he decided it didn’t make sense to go forward with an appeal of that ruling.
Blanket now says he wants out of the fight — and that Katherine is on her own for the appeal.
We’ve reached out to Katherine’s team … so far, no word back.
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