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Paris Jackson Battles Michael Jackson Estate Executors
19 Nov
Summary
- Paris Jackson contests estate's $464 million in idle cash.
- She claims executors prioritize personal commissions over legacy.
- Upcoming biopic 'Michael' faces controversy over casting and script.
Paris Jackson has filed a new objection in probate court concerning the management of Michael Jackson's estate. She claims executors John McClain and John Branca have been negligent, allowing over $464 million to remain uninvested while pursuing projects that offer them personal financial gains through a 15% commission.
Jackson's filing suggests that the estate has become a vehicle for personal enrichment rather than serving the beneficiaries' best interests and preserving her father's legacy. This latest action follows her previous challenges to the estate's spending and critiques of the upcoming biopic 'Michael,' citing script inaccuracies.
Despite these disputes, the estate, which was heavily indebted upon Michael Jackson's death, is now reportedly worth $2 billion due to various successful ventures. The executors maintain their strategies have led to unprecedented success, arguing that their legal expenses are necessary to defend against abuse allegations and manage the estate's complex financial landscape.
