Katherine Jackson claps back at grandson, Bigi Jackson, over Michael Jackson’s $2 billion estate | The Express Tribune
An ongoing legal battle over Michael Jackson’s two-billion-dollar estate has intensified with his mother, Katherine Jackson, responding to her grandson Bigi Jackson’s objections regarding her use of estate funds.
Bigi, formerly known as Blanket, recently filed a court objection against his grandmother’s use of estate funds to cover legal fees in a dispute with estate executors over the sale of Michael Jackson’s catalog to Sony.
According to People Magazine, Katherine Jackson has filed a sharp rebuttal in response, accusing the executors of hoarding all of the assets in the Estate “in order to keep control over them, and to avoid the more liberal distribution requirements of the Trust.”
Furthermore, the filing challenges claims made by the executors’ legal representatives during a hearing on March 8th, where estate attorneys asserted that 20 percent of the estate should be allocated to philanthropic causes.
Still, Katherine Jackson’s legal team contests this, maintaining that such payments are not needed before distributing the estate to other beneficiaries.
With the estate’s estimated value standing at $1.5 billion, her team stresses that the estate’s assets surpass potential liabilities by a significant margin, ensuring sufficient resources for its beneficiaries. Considering all of the above, Jackson believes the executors’ reluctance to provide financial support is unjustified.
Notably, Katherine Jackson is not a direct beneficiary of the estate but the sole beneficiary of a sub-trust established in Michael Jackson’s will.
Bigi’s legal team argues against allocating resources to Katherine’s appeal, citing slim chances of success and emphasizing the recklessness of burdening beneficiaries with legal expenses.
Despite this, Katherine persists in her appeal, prompting further division within the family over the handling of the estate. With billions of dollars at stake, this feud raises questions about the future of Michael Jackson’s legacy.
