Why Paris Jackson received a million-dollar inheritance from Michael Jackson

Why Paris Jackson received a million-dollar inheritance from Michael Jackson

Revelation is part of the defense of executors in a dispute over payments to lawyers

Documents presented by the executors of the estate michael jackson indicate that your daughter, Paris Jacksonhas received approximately US$65 million, R$357 million at the current rate, in benefits since the singer’s death.

The revelation comes amid legal challenges from Paris about extra payments of US$625 thousand (R$3 million) made in 2018 to law firms. She alleges that these amounts were granted without sufficient documentation and without express judicial approval, characterizing them as “excessive bonuses”.

In their defense, the executors maintain that these payments refer to extraordinary legal services that directly contributed to the appreciation of the estate — especially in transactions such as the sale of shares in the company’s catalog. EMI. They argue that the bonuses were justified by the return generated.

When michael jackson passed away in 2009, the estate faced debts estimated at more than US$500 million, more than R$2 billion. The executors claim that, since then, they have transformed this loss-making scenario into a profitable legacy, with income from copyrights, licenses and music agreements.

Controversial benefits and estate control

Paris Jacksonnow 27 years old, filed a petition to question the “premium payments” made in 2018. She classifies them as amounts granted without recording working hours and without prior approval from the court. It seeks to revoke a 2010 order that allowed executors to authorize fees without strict oversight.

The estate administrators respond that such payments are in line with practices already approved in previous decisions and were consistent with the financial performance of the estate. They highlight that the estate made substantial gains in 2018 and that the bonuses represent a small portion compared to the results achieved.

The dispute reflects a larger tension over transparency, power and responsibility: Paris accuses executors of operating behind the scenes with little oversight and demanding blind trust from family and court. For her, it is essential to examine each payment and demand clear records and plausible justifications.

The case is scheduled for a hearing on October 16, when the parties must present additional documents, objections and defenses for the court to decide on the legality of the payments and the distribution of the estate’s resources.

Source: Rollingstone

You may also like