Michael Jackson's Executors -- Pay Us Now!/Jackson Executors -- Beyond the Call of Duty/Michael Jackson Estate Administr

Michael Jackson's Executors -- Pay Us Now!
Posted Dec 15th 2009 7:47PM by TMZ Staff

Michael Jackson's estate has not paid the Special Administrators a penny, but the day has now come -- at least according to new court docs filed by John Branca and John McClain.

The two men -- now officially the Executors of Michael Jackson's estate, are asking for 70% of the fees they have earned, pending court approval of the full amount.

The papers do not specify the amount Branca and McClain want. They do say that they want the statutory amount of executor fees for the first $25 million of the estate -- that fee comes to $188,000. But the estate is valued far in excess of $25 mil and the two Executors would be entitled to a portion of that as well. In addition, Branca and McClain also want fees "for their extraordinary services," though that amount is not specified.

According to the new documents, fees some of the law firms connected with the estate are asking for are huge. For example, the law firm of Greenberg Traurig wants $1,547,064.50. The firm of Hoffman, Sabban & Watenmaker wants $957,644. The firm of Kinsella, Weitzman, Iser, Kump & Aldisert wants $420,062.50.




Jackson Executors -- Beyond the Call of Duty
Posted Dec 17th 2009 2:49PM by TMZ Staff

The executors of Michael Jackson's estate have filed documents, explaining why they should be entitled to more than the statutory fee most executors get -- a big reason ... Joe Jackson.

According to legal docs filed with the court, co-executors John Branca and John McClain had to defend the estate from a steady barrage of attacks by Joe Jackson and, until recently, by Katherine Jackson.

They also claim they've been working 14 hours a day, 7 days a week since they were appointed. And, they claim, their "business reputations and the character and reputation of Michael Jackson were repeatedly assaulted by personal and unfounded attacks" which they were forced to correct publicly in order to protect the Michael Jackson brand.

Branca and McClain say at the time Michael Jackson died ... Michael and his businesses were defendants in 11 separate lawsuits and it only got worse after his death.

Branca and McClain want more than the statutory fee -- which is a percentage of the value of the estate. They're asking for "extraordinary compensation" for the work most executors never have to do


Michael Jackson Estate Administrators Seeking Funds

Copyright 2009 Tao Chuan Yeh / Getty Images
The administrators of Michael Jackson's estate and a host of attorneys are reportedly seeking what could amount to millions of dollars in estate earnings.

Estate administrators John Branca and John McClain are seeking five percent of the money the estate has earned following Jackson's June 25 death, says the Associated Press. The administrators and a host of attorneys claim in court filings they haven't been paid since the King of Pop died.

The AP says Branca is requesting that the five percent be disbursed to his firm; he reportedly isn't seeking a personal fee for administering the estate. Payments would also be funneled to other firms, including one that represents the Jackson children's interests. A hearing to determine how much can be paid out is set for Jan 4.

The AP says the estate has possibly garnered upwards of $100 million after selling the rights to the King of Pop's film 'This Is It,' as well as through new music releases and other merchandizing deals.

Posted December 15, 2009 3:25:00 PM

จากคุณ	: BloveMJ
เขียนเมื่อ	: 18 ธ.ค. 52 14:22:30