Michael Jackson Estate Pays Executors
The executors for the estate of Michael Jackson just got their 10%. John McClain and John Branca recently asked the judge for 10% of the profits made from a number of estate-related ventures. The judge approved the fee request stating that the arrangement could actually save the estate money because the traditional way of making deals with managers, lawyers, etc. costs a bigger fortune. One item excluded from the 10% is a portion of the profits from the movie ‘This is It’. The judge also gave them the right to green light deals without going back to court every time for permission.
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February