Katherine Jackson Administrator of Michael Jackson's Estate

Jul 01st, 2009

After filing documents in court today claiming that people with ill will would be going after Michael Jackson's money, the court appointed his mother, Katherine Jackson, as administrator of the estate pending a hearing next Monday.

Her attorney, Burt Levitch, claims there are multiple third parties handling Michael's numerous bank accounts. He says the bank accounts are used "to pay expenses of [Michael's] parents' home." He says these bank accounts need to be controlled so the third parties do not misspend money.

Levitch also says there is worry about Michael's stake in the Sony-ATV Music Publishing Catalog -- which includes Beatles' works -- that Levitch says is the most important asset in the estate. Levitch says no one is now representing Michael's interests and he wants Katherine to step in her late son's shoes.

Levitch says at least one person is claiming to have a power of attorney to act on Michael's behalf. Although a power of attorney would have ended when Michael died, Levitch worries that not everyone knows that and assets could be misappropriated. (source)

As for a will, his family is questioning whether one exists. It's rumored that MJ's attorney, John Branca, who was re-hired three weeks ago, holds the will.

Katherine has the right under the order "to control tangible personal property currently in the physical possession of a third party, and to marshall and secure such assets." (source)

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