Michael Jackson's 'single most valuable asset' was the subject of an appellate court victory handed to his estate executors over his mom's objection
last month, described the secret 2022 Sony deal as a “joint venture” that estate executors John Branca and John McClain had the right to broker while Jackson’s estate remains in probate, a court-supervised process for handling will disputes.
“Were the effect of the court’s order to ‘give’ an estate asset to a third party, we might agree that the order violates the will,” the three judges in California’s Second District Court of Appeal said. “But the proposed transaction is not a gift or distribution of estate assets — it is an asset sale, pursuant to which the estate receives a significant monetary payment and interest in a joint venture in exchange for the transfer of assets.
None of Michael’s three adult kids — Prince, Paris, and Bigi Jackson — filed written objections to the estate petition for court approval of the transaction. Lawyers for Prince and Paris said at a March 2023 hearing that they did not object. A lawyer for Bigi reserved the youngest sibling’s right to object, court filings state.
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