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January 27, 2010

JOE JACKSON NEEDS A JOB


THE FACTS
Lawyers for Michael Jackson’s estate have filed papers opposing Joe Jackson’s request for an allowance.

THE SPIN
It seems like Joe is going to keep on fighting for a check – even if it means pissing off the handlers of his late son’s financial affairs.

Yep, Papa Backhand is still looking for a pay off. Unfortunately for him attorneys for estate administrators John Branca and John McClainfiled papers opposing Joe Jackson’s efforts to get more than 15,000 dollars a month from his son’s estate.

Via the Mirror:
The filing states Joe Jackson has failed to show that his superstar son supported him while he was alive.

The filings also note that the singer omitted his father as a beneficiary in his will and trust, and that any money paid to Joe Jackson would reduce the estate’s assets available for Michael Jackson’s mother and children.

The children, Katherine Jackson and various unnamed charities are the only beneficiaries of Michael Jackson’s estate. Katherine Jackson and the children are receiving more than 86,000 dollars a month, and the administrators recently moved to increase the monthly stipends. The exact allowance amount has not been released.

Honestly, I’m all for supporting my parents once I enter the tax bracket I’m destined for. However, in Joe Jackson’s case, he’s long profited off the talents of his children and by now should have enough money to where he doesn’t need to hit up his dead son’s estate like it’s a regular piggy bank. Especially when we all know he’s only going to use that money to fund his cat daddy lifestyle in Vegas.

Joe, if you want to make it rain go grab you some sprinklers and water somebody’s yard first. This isn’t cool, sir.

Source
 
YOUR SPIN: Do you think Joe deserves any money? Tell us here.

Image courtesy of judiciaryreport.com

(*The views contained herein are solely the views of their respective authors, and do not express the views of TV One. TV One does not take responsibility for their content.)

November 12, 2009

KATHERINE VS. JOE JACKSON


THE FACTS
In a hearing over about Michael Jackson’s estate, Katherine and Joe Jackson take opposite sides.

THE SPIN
It seems like Mama Jackson is not the pushover some people take her for.

According to TMZ Katherine Jackson’s new lawyer, Adam Streisand, told a judge that Joe has no legal standing to object to John Branca and John McClain’s roles as executors of Michael Jackson’s estate. Papa Joe tried to claim the signature on Michael’s last known will was forged, and thus should be nullified.

Streisand argued Katherine has no problem with them as executors and that since Michael didn’t mention him in the will Joe has no legal standing to say anything.

That’s what the kids call shade, Joe.

Joe then threatened that if he doesn’t get an allowance, he’ll file a creditor’s claim against his son’s estate. Super classy, ya’ll.

Joe tried to say Katherine made a deal, which kept her from co-signing his legitimate estate challenge.  But Katherine denied this, and noted that while she has no problem with him asking for money, she objected to his right to contest who runs Michael’s finances.

You know, given Michael didn’t think enough of him to mention him in his will and all.

A judge agreed and told Joe to sit his old self down (in PC, legal speak, of course) and formally appointed Branca and McClain co-executors of the Jackson estate.

All’s well that ends well?

However, Joe Jackson will get his day in court next month to decide whether or not he deserves an allowance from Michael Jackson’s estate.Source: 1, 2

YOUR SPIN: Did you think Kat had this much fight in her?  Tell us here.

Image courtesy of google.com

(*The views contained herein are solely the views of their respective authors, and do not express the views of TV One. TV One does not take responsibility for their content.)

November 10, 2009

JOE JACKON WANTS MONEY FROM MICHAEL


THE FACTS
Joe Jackson has sued Michael Jackson’s estate for allowance.

THE SPIN
On Friday Papa Joe filed a court petition asking for spending money from Michael’s estate, claiming his son had supported him for many years.

In his legal filing Joe claims Michael Jackson’s estate has earned an estimated $100 million since Michael’s death and is expected to earn another $100 million by year’s end.

In other words, “Hell ya’ll got it, why not share a lil’ bit of it my way?”

And the AP reports:

A declaration accompanying the filing states that in the early 2000s, Michael Jackson paid Katherine Jackson roughly $50,000 a month and that amount grew to $66,000 per month later this decade.

The declaration claims Michael Jackson knew some of that money was passed along to Joe Jackson to help him pay his expenses, and the suit says those payments have now stopped.

Joe claims Michael would tell Katherine to give Joe half of that money.

So what does Joe Joe need the money for? Here’s a list of his expenses:

$2,500 for eating out
$2,000 for airfare
$3,000 for hotel rooms
$1,000 for groceries
$1,200 for rent
$50 for charity

$2,500 for steak and shrimp, $50 for the homeless. Classy.

Source: 1, 2

YOUR SPIN: Do you think Joe deserves money?  Tell us here.

Image courtesy of blogspot.com

(*The views contained herein are solely the views of their respective authors, and do not express the views of TV One. TV One does not take responsibility for their content.)

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