June 30, 2009

Michael Jackson’s estate planning (or lack thereof)

Posted in Litigation, Probate administration, Wills at 1:41 pm

If you’d like to see the documents filed so far in the Michael Jackson probate matter, here they are: http://www.scribd.com/doc/16974369/Michael-Jackson-Probate-Filings.

In brief, Michael Jackson’s parents are asking the court to appoint Katherine Jackson (Michael’s mother) as guardian of his three children, as administrator of his estate, and as a special administrator to immediately assume control of his assets.

The probate petition is drafted as if Michael Jackson didn’t have a will; supposedly, an attorney has an original will signed by Michael Jackson which will be filed for probate. In California, a person in possession of a decedent’s will has 30 days from the death to deposit the will with the superior court in the county where the decedent lived.