Los Angeles (E! Online) – Amidst all of the custody turmoil, there still remains the issue of who exactly will be named executor of Michael Jackson's estate.
However, arguing the point may result in an heir-apparent's complete disinheritance.
Enter the Jackson matriarch to make sure everything is handled by the book.
According to legal documents filed by Katherine Jackson's attorneys, Michael's trust included an iron clad "no-contest clause" as a way of discouraging any of his heirs from arguing over his estate. If a beneficiary attempts to challenge these terms in court, the clause stipulates that the heir will disinherit their share of his estate.
Unfortunately, the family remains torn over the icon's appointment of John McClain and John Branca as estate executor's, leading Katherine to hedge her bets, so to speak, asking the court to determine if her potential objection would in fact result in violation of her son's trust.
At this time, a decision has yet to be reached and the hearing to discuss the matter is set to take place August 3.
Source : news.yahoo.com
0 comments:
Post a Comment