It has been more than a decade since Michael Jackson passed away unexpectedly. People are still arguing over his estate. Now, his mother, Katherine Jackson, is going to bat to protect his music. Back In February, there were rumors about a potential deal to sell half of the Michael's music catalog for over $800 million. After reviewing the proposal, Katherine opposed the request and asked the courts to reject it. However, the estate's executors responded by highlighting the fact that the estate was struggling financially before they took over. They said that Michael Jackson was deeply in debt at the time of his passing.
Michael Jackson, more often known as the King of Pop, died unexpectedly on June 25, 2009, at 50 years old. His passing was a shock to the world, as he was an influential figure in entertainment. Michael transformed the music industry with his innovative style and groundbreaking performances. The official cause of Jackson's death was determined to be acute propofol and benzodiazepine poisoning. Dr. Conrad Murray, Michael's doctor, administered both of the medications. The loss of a pop icon caused devastation to fans worldwide. Still, they continue to remember his contributions to music and dance. Michael's legacy and contributions to art cannot be understated.
Protecting Michael's Legacy
According to a report from Radar Online, Katherine Jackson is scheduled to testify in a trail regarding the late pop star's estate. She will provide evidence against John Branca and John McClain. Since his death in 2009, the pair have served as the administrators and executors of Michael Jackson's estate. According to the report, Jackson's will designates his three children - Prince, Paris, and Blanket Jackson - as the beneficiaries of his estate. Additionally, it provides for the ongoing care of his mother for the remainder of her life.
"The Estate was... on the verge of collapse, with more than $400 million in debt that encumbered Michael's most significant assets and little or no liquidity or means to service that debt," the estate's executors said. "Through creative thinking, hard work and business savvy-and, of course, Michael's extraordinary creative legacy-the Executors transformed the MJJ Business into a profitable enterprise." It seems like the two parties are in a standoff. Michael's mother clearly stands to benefit from selling part of his catalogue; however, she is making it clear that that isn't what she wants. What do you think should be done? Let us know in the comments!