Judge names pair of executors for Jackson estate

Wed Nov 11, 2009 2:14am GMT
 
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* Judge makes administrators of Jackson's estate executors

* Mother Katherine Jackson approves of Branca, McClain

* Father Joe Jackson's objections are overruled

LOS ANGELES, Nov 10 (Reuters) - A judge made Michael Jackson's longtime attorney and a music executive the executors of his estate on Tuesday, giving them broad powers to run the late pop star's affairs despite objections from his father.

The judge's ruling came after an attorney for the "Thriller" singer's mother, Katherine Jackson, said she had no objection to John Branca and John McClain running the estate.

The Jackson estate is expected to see a boost of at least $200 million by the end of the year on the strength of the movie "This Is It" now playing in theaters, which relies on rehearsal footage of him, as well as music sales and other business deals engineered by Branca and McClain.

Michael Jackson died, age 50, on June 25 from an overdose of powerful medications, leaving behind an estate that includes part ownership in a music catalog with songs from numerous bands including the Beatles. According to Jackson's 2002 will, the estate funnels money to a trust that benefits Katherine Jackson, the singer's three kids and children's charities.

Until now, attorney Branca and music executive McClain have handled the estate as administrators, but legal experts said being named executors gives them broader powers and makes it harder for anyone to challenge their position.

"I think that the decision today means there won't be any further challenge," said attorney Beth Kaufman, a partner at the Washington, D.C., law firm Caplin & Drysdale, and an expert on estates.  Continued...

 

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