Tag Archives: book

New evidence coming in the Michael Jackson Estate case

The Michael Jackson probate dispute between his mother and his two executors has been active since it started this summer.  But it looks like it’s about to really get heated up.

Michael-Jackson-Estate-Trial-and-Heirs

For starters, Katherine Jackson, Michael’s mother and a primary beneficiary (along with his children and unnamed charities), has been challenging decisions made by co-executors John Branca and John McClain on a regular basis.  She had asked for, and received, permission from the judge to allow her to challenge them based on conflict of interest and undue influence without jeopardizing her rights as a beneficiary under the “no contest clause” of Jackson’s will and trust.

A “no contest clause” is a common provision than many people use in their wills and trusts to discourage family fighting.  It usually says that anyone who files a legal challenge and loses gives up their inheritance.  Katherine Jackson wanted to be free to challenge Branca and McClain without fear of losing her inheritance, and the judge allowed her to do so.

So far, her

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Tolkien Estate settles lawsuit over movie proceeds

The Lord of The Rings creator can finally rest in peace!  Those in charge of J.R.R. Tolkien estate filed a lawsuit in February 2008 against New Line Cinema claiming that the estate was deprived of hundreds of millions of dollars.  It just been settled, to the delight of hobbits everywhere.Tolkein

Why the lawsuit?  Apparently, the orc-like movie producers only paid $62,500 for the movie rights despite earning an estimated six billion dollars!  The estate’s attorney says they were promised 7.5% of that figure and hadn’t been paid.  Let’s do the math:  7.5% x 6,000,000,000 = $450,000,000.  That’s 450 million dollars.  What, the check got lost in the mail?

Tolkien’s heirs weren’t the only ones screaming about not being paid.  The director, Peter Jackson, also feuded with the All Seeing Evil Eye  . . . I mean, the movie studio over his share of the profits.  New Line Cinema had settled that mess too.

Reportedly, the settlement of the Tolkien estate claim is around $100 million.  So who will benefit

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