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Estate Administration and Probate
- Finding Tips On Estate Planning at the Theatre
- Update on the Status of Federal Estate Tax
- Michael Jackson Estate Makes Land Mark Estate Deal With Sony
- The Governator Says Health Reform Will "Beat Up" California
- When a will isn’t enough
News
- The Growing Rate of Dementia and Alzheimer's...
Posted on 3/9/2010 - Let it snow! Pittsburgh Extends Property Tax Deadline...
Posted on 2/9/2010 - Estate Tax, Medicaid, Social Security Changes Ring In New Year...
Posted on 1/13/2010 - Main beneficiary to Michael Jackson’s estate shakes up her probate team...
Posted on 10/22/2009 - Illinois Supreme Court upholds will restricting inheritance based on religion...
Posted on 9/30/2009
Library
Estate Administration and Probate
- When Pennsylvania Estate Recovery Can Take Place By Law
- Joint Bank Accounts - Risks and Benefits
- Guidelines for Gifts and Joint Accounts
- Intestacy Laws Of Pa: Dangers of Not Having a Current Living Will
- Drafting Wills That Protect Clients' Interests: Every situation is different, which is why we select vehicles that meets each client's needs
News
Challenge to estate administration can happen even with “no contest” clause
Posted on Sep 21, 2009
An interesting development has happened with the estate of Michael Jackson. His mother, Katherine Jackson, asked Los Angeles Superior Court Judge Mitchell Beckloff if she could challenge the administrators of her son’s estate without invoking a “no contest” clause.
The clause stated that any challenges to Jackson’s estate would cause the person contesting to lose their share of the estate. Katherine Jackson stands to receive 40 percent of her son’s estate.
Judge Beckloff has allowed Katherine Jackson to challenge her son’s estate administrators without being disinherited. Ms. Jackson’s reasons for challenging were sealed and not made public, however Beckloff’s ruling indicated that several legitimate issues were raised by Ms. Jackson, including questions about whether Jackson was under the influence when he signed his will in 2002.
Jackson’s estate is estimated to be worth $500 million, however the popular singer also died heavily in debt. His estate is currently being administered by attorney John Branca and music executive John McClain.
At this time Katherine Jackson is receiving over $26,000 each month in addition to $60,000 each month to care for Jackson’s children. Ms. Jackson has permanent guardianship of her son’s children.
Read More About Challenge to estate administration can happen even with “no contest” clause...
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