Estate of Michael J. Jackson – Fifth Account Current and Report (From January 1, 2014 to December 31, 2014)

Summary of MJ Estate Fifth Accounting

 

Fifth accounting period covers January 1, 2014 to December 31, 2014.

At the time of this accounting , who stole MJ Estate requested to remain still in probate for the year 2015.

Schedule D shows net income from trade or business from Jan 2014 to Dec 2014 at $54,509,106.74 (Gross income is $71,952,922.99).

Payments to Katherine and MJ’s kids are as follows (Jan 2013 – Dec 2013):

Katherine Jackson allowance $2,213,957

Family Allowance $5,940,536

Calabasas residence expenses $225,074

Interests on Purchases of Calabasas residence $173,759

Calabasas residence property taxes 31,123

Other Family and residence expenses $62,919

Insurance (Family  and Hayvenhurst and Lindley insurance) $96,064

Calabasas residence insurance $112,301

Hayvenhurst and Calabasas employees $295,269

Guardianship lawyers fees $113,470

Guardian ad litem fees $5,000

Utilities costs $34,470

Security $400,275

Hayvenhurst and Lindley Improvements , Repair & Maintenance $226,795

TJ Jackson guardianship fees $94,500

Total disbursements for the Family, Hayvenhurst & Lindley $10,025,518

Taxes and licenses $7,936,970

Domain Research & Renewal Services $24,401

Estate Tax Litigation Appraisal “Experts/crooks” $1,328,395

Consulting and Expenses ( Marketeers and sell out) $1,032,604

• $66,366 dollars to Siggy Music INC. (Jackie Jackson and his son, Siggy Jackson)   ;
• $50,004 to JAMPOL ARTIST MANAGEMENT. INC  (marketter of MJ Online team that lie to fans);
• $900,000 to PERRY SANDERS LAW FIRM LLC (KATHERINE JACKSON CONSULTING);

Litigation related expenses 44,136

Moving and storage $859,555

Employees contractors & Reimbursement $189,836

PR (Public Relations) $3,018,032  for paying:

• D. Baron Media Relations, INC ;    (marketeer that spin propaganda for Sony and Branca)
• Sitricl Brincko Group;    (marketeer that spin propaganda for Sony and Branca)
• Web Sheriff ,
• HPulse Ent. Corp for hologram ,
• Sony Music for iheart radio award;
• Dick Clark Prod. For BBMA;
• Zack Greenburg (John Branca’s scibant/Marketteer )

 

 

“Crook” Attorney Fees expenses for a total of $2,240,877 :

• $490,217 to ZIFFREN BRITTENHAM LLP ;
• $114,740 to KATTEN MUCHIN ROSENMAN LLP ;
• $248,628 to KINSELLA WEITZMAN ISER KUMP & ALDISERT LLP ;
• $163,729 to HOFFMAN SABBAN & WATENMAKER, APC ;

 

Legal Fees and expenses regarding Operation of business and administration of account: $1,658,867

Total Co-executive & creative director compensation (John Branca pocketing money on the products you buy) is $4,666,419

 

Charity : $20,000 to Children Uniting Nations

 

Investment in Nile Acquisitions LLC – Sony/ATV-EMI deal : $50,208

Total Estate Cash and Equivalents: 22,576,925

Estate Loans Receivable: $6,409,333 ($6,309,333 are Katherine Jackson’s loan)

Ps: this is a draft summary that could be possibly updated if I have time. I am not able to put much time and effort in it at the moment.