Michael Jackson Estate | Administrators Recover $5.5 Million from past Advisors

According to recent probate court papers, the administrators for Michael Jackson’s estate have recovered $5.5 million from one of Michael Jackson’s “former financial advisers,” according to a CNN story.

Along with some contracts that Michael Jackson’s estate possess, the lawyers for the administrators are hinting that even with the monstrous debt Michael Jackson had, that the estate will be solvent and will be able pay out to a trust for the benefit of his three minor children, according to the article.

This is very good news for his children.  The more assets that the administrators can uncover to fund the estate, the better off Michael Jackson’s minor children will be.

In the end, it appears that Michael Jackson’s estate plan may be pretty well put together, in stark contrast to the mess that Steve McNair has created by having no estate plan at all.

You can read about the Steve McNair estate here: Steve McNair Estate Plan Mistakes.

Christopher J. Berry, Esq., An Michigan Living Trust Lawyer, is a Partner with The Law Offices of Witzke Berry PLLC, which practices in the areas of Estate Planning, Elder Law, and Michigan Probate Litigation.