Why Michael Jackson’s daughter, Paris, won’t stop ‘til she gets enough from his estate
When Michael Jackson died in 2009, his fairly straightforward 5-page will left everything he owned to a family trust – an estate planning technique for giving away property that allows for privacy. The trust benefits Jackson’s three children and his mother, but nearly two decades later, Jackson’s estate, now worth an estimated US$2 billion, still hasn’t been fully distributed to the trust.
The most recent of many legal skirmishes to come to the public’s attention involves Paris Jackson, Michael Jackson’s daughter. She is asking a court to take a closer look at how the pop icon’s estate is being handled by its executors – the people responsible for managing it.
Paris Jackson has accused executors John Branca and John McClain of paying themselves and the estate’s lawyers too much, and for leaving $464 million owned by the estate uninvested. If that’s true, it would mean there is less money than there should be left over for her and her father’s other heirs. Branca is an entertainment lawyer, and McClain is a music executive.
Both were selected by Michael Jackson and named as executors in his will. They have repeatedly disputed Paris Jackson’s allegations and asserted that Paris has received at least $65 million in payouts from the estate.
Paris Jackson also has accused Branca of misusing his position as producer of “Michael,” an upcoming Michael Jackson biopic reportedly financed by Jackson’s estate, to cast an A-list celebrity – Miles Teller – to play the role of Branca himself in the film. According to Paris, the casting choice was costly and unlikely to increase box office revenue.
Paris Jackson has also stated that the $150 million film is a “botched production.” The executors have responded by arguing that the application of their expertise to other productions about the singer has already provided a huge payoff to the estate. The executors also recently won a court battle against Paris Jackson that ended with a judge ordering her to pay........
