The Jackson Will: Father Joe's Expense Allowance Request Put on Hold
Joe Jackson may be hurting for cash.
But the judge says it will be a while longer before another possible payday rolls around. The judge delayed a hearing for his expense allowance from the King of Pop's estate until January.
Los Angeles County Superior Court Judge Mitchell Beckloff delayed arguements until next month in order to decide whether he'll get a monthly expense allowance from his son's estate, CNN reports.
The judge delayed the hearing until January 28, because not all of the lawyers involved had been notified.
Joe Jackson is seeking up to $20,000 monthly from Michael Jackson's estate, as previously discussed. Jackson, 80, said that his son helped him with living expenses for years and a $15,000 monthly stipend should cover his budget.
So far, the estate executors have not filed any objections to Joe Jackson's request for a monthly expense allowance. In addition, Katherine Jackson, 79, supports her husband's request.
As previously discussedin FindLaw's Law and Daily Life, the Jackson will did not name Joe Jackson, and he cannot challenge the hand picked executors.
As a result he will not inherit any of his son's assets.
Joe Jackson's lawyer, Brian Oxman accused Katherine Jackson of reaching a secret deal with the men who control their son's estate.
Her lawyers fired back saying there was never a deal.
Currently, Michael's mother and his three children, who live with her now, share an $86,000 monthly expense allowance.
A 2002 Jackson will placed the star's estate, rumored to be valued in the hundreds of millions, into a trust for the benefit of his mother, his three kids and yet to be named charities.
Oxman is pursuing a legal challenge of the Jackson will, but the judge ruled that Father Joe had no say in the matter. That decision is now before a California appeals court.
- Michael Jackson estate fight becomes public family dispute (CNN)
- Joe Jackson Disinherited By Michael: Basics about Wills (FindLaw)
- Basics about Wills (FindLaw)
- What Is An Irrevocable Trust? (provided by Law Office of David K. Whitlock)
- Fiduciary Duties/Rights (provided by Glatstein & O'Brien LLP)