Jackson's Executors Remain In Control Of Estate
July 6 2009, Published 2:40 p.m. ET
John Branca and John McClain have been named special administrators of Michael Jackson's estate. The ruling by a judge on Monday lasts until August 3. Katherine Jackson's lawyer contended a conflict of interest exists with Branca, who he says has business interests entwined with Jackson. But the judge ruled that Branca, and McClain, who are executors of Jackson's estate, should also be special administrators and a bond was set at $1 million to protect the estate from mismanagement of assets.
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Jackson's will was dated 2002 and no other will has surfaced so far.
Click here to see the minute order from today's court hearing.
Howard Weitzman, attorney for Branca and McClain said: "We believe Judge(Mitchell) Beckloff made the correct decision. We intend to carry out the wishes Michael Jackson set forth. Our thoughts and prayers are with the Jackson family this week in remembering Michael as a beloved father, son and brother, and as the world honors his remarkable legacy as an artist."