By Jen Heger - Breaking Celebrity News Assistant Managing Editor

Jermaine Jackson has formally extended an olive branch to Michael Jackson's executors, John Branca and John McClain, expressing his regret over signing a letter sent to them demanding their resignation, Breaking Celebrity News is reporting.

In a statement posted to Jermaine's Twitter account, he says, "After much soul-searching, it is clearly time for us to live by Michael's words about love not war. In this spirit, I offer this statement by way of extending an olive-branch. Accordingly, I rescind my signature from the letter which was sent to the Estate, and which should never have gone public. I still hold deep reservations about many issues involving the Estate, and I will continue to bring scrutiny and a resolute voice wherever we have cause for concern. But the way to address such matters is through the proper channels and via a private dialogue, not public conflict."

As previously reported, Randy Jackson was responsible for hatching a family plot to overthrow Michael Jackson's executors in an attempt to get his hands on part of the late King of Pop's estimated $1 billion fortune. A letter demanding the executors' resignation that was leaked to the media, was signed by Randy, Jermaine, Tito, Rebbie and