Katherine Jackson goes for estate
Katherine Jackson filed court papers yesterday (22.07.09), in which she asked to be put in charge of her late son Michael Jackson's estate.
Michael Jackson's mother has formally filed a petition to be appointed administrator of his estate.
Katherine Jackson and her husband Joe both submitted the court papers yesterday (22.07.09), but only she has asked to be put in charge of her late son's assets.
Katherine is believed to be petitioning under the Independent Administrations Estate Act.
The 'Thriller' singer, who died on June 25 from a suspected cardiac arrest, named his lawyer John Branca and former music executive John McClain as co-executors in the will which was drawn up in 2002.
Michael also named accountant Barry Siegel as a co-executor but he resigned from the position in August 2003 - meaning Katherine could replace him.
It is unknown if she wants to take Siegel's position or have Branca and McClain removed and be named as sole executor.
Michael's will is believed to have a 'no contest' clause - meaning anyone who disputes it is automatically cut out.
Katherine's lawyer L. Londell McMillan insists the 79 year old has no intention of challenging the wishes of her late son, but does want to be involved.
McMillan told gossip website TMZ: "She deserves a seat at the table, minimum.
"We're optimistic they can work something out. But I'm prepared to go the distance if Mrs. Jackson directs to do so."
He also revealed he is only representing Katherine and there are no plans for Joe to petition to be involved in handling his son's estate.
A hearing to determine who will be named executor of Michael's will is set to take place on August 3.