Michael Jackson’s youngest son Blanket has filed a petition before a Los Angeles judge to stop his late father’s estate from being taken into the legal possession of his grandmother.
Court documents obtained and published Board It was revealed on Thursday (March 21) that Katherine Jackson is currently challenging John Branca and John McClain (co-executors of the late King of Pop’s estate) from moving forward with an unnamed transaction.
According to legal accounts, the dispute is costing her a large sum of money in legal fees, which Blanket argues should not be the financial responsibility of MJ’s estate.
“It is abundantly clear that a reversal on appeal would be a step too far-reaching,” the documents filed on behalf of the 22-year-old read. “Given those constraints, Biggie decided not to waste his resources participating in the appeal. However, Catherine has decided to appeal against this decision of the court. That decision is not for the benefit of the heirs.
Jackson’s children – Prince, Blanket and Paris – initially stood with their grandmother against Branca and McClain’s transaction. However, once the probate court gave the go-ahead for both, all three children accepted the decision.
The outlet reports, “Although the deal in question is not explicitly named in the legal documents, it appears to be the Jackson estate’s estimated $600 million deal to sell part of the singer’s catalog to Sony.” Is.”
Without releasing any new music since the legendary singer’s untimely death, Michael Jackson’s net worth is worth billions of dollars.
According to documents submitted by the superstar’s legal team to Los Angeles County Court in 2019, his estate has made a profit of $1.7 billion since his death.
“With the assistance of their counsel, the executors have successfully rebuilt and enhanced the image of Michael Jackson, strengthened the MJJ business as a significant entity in the entertainment industry, made and continue to make unprecedented business deals, which further will also continue. Future yield, significant revenue for the estate,” it read.
Jackson died in June 2009, leaving his fortune to his three children. Katherine Jackson was appointed guardian until each of them turned 18.