Katherine Jackson Wants An Extensive Audit Of Michael's Estate
Aug. 23 2012, Published 12:00 p.m. ET
By Jen Heger - Breaking Celebrity News Assistant Managing Editor
Katherine Jackson's legal team wants to do an extensive audit of late son Michael Jackson's estate, the matriarch's attorney, Perry Sanders, told Breaking Celebrity News exclusively.
"My audit is being done to see the details of where the money is coming from and where it is going," Sanders told Breaking Celebrity News. "The beneficiaries should be entitled to all detailed documentation so they can see what THEIR money is paying for."
On July 19, Katherine's lawyers submitted legal docs asking for "production of supporting documents for account current," and the docs state, "Ms. Katherine Jackson...hereby requests that representatives John Branca, John McClain and counsel for the Estate of Michael Jackson produce for inspection and audit all supporting documents for the Second Account Current and Report of Status of Administration and Petition.."
However, lawyers for Michael Jackson's Estate have several issues with Katherine Jackson's request, and said in their response, "John Branca and John McClain object to the Request to the extent that it is vague and ambiguous as to the phrase 'all supporting documents for the Second Account Current' in that the Request encompasses thousands of pages of documents which potentially support the Second Account Current...Responding Party (the executors) objects to the Request to the extent that it seeks highly confidential business and financial information...it will not produce such documents absent the entry of a stipulation and protective order governing, among other things, the access to and use highly confidential documents." Most of the contracts that