California Estate Attorney Loren Lopin Disagrees with Sharpton; Defends Judge's Ruling...

Mon Jul 6, 2009 9:08pm EDT
 
[-] Text [+]
California Estate Attorney Loren Lopin Disagrees with Sharpton; Defends
Judge's Ruling on Michael Jackson's Estate Hearing

SAN FRANCISCO, July 6 /PRNewswire/ -- Los Angeles Superior Court Judge
Mitchell Beckloff today upheld the validity of Jackson's 2002 will which named
John Branca and John McClain as Co-Executors of Michael Jackson's estate.  

According to public records, on June 29, 2009, Jackson's mother filed for
Letters of Administration with the Superior Court -- which assumes that
Michael Jackson died without a will.

"The filing was an attempted power grab by the family to take control of
Michael Jackson's estate. In filing for Letters of Administration the family
was attempting to argue that Michael Jackson died without a will. Clearly,
this is not the case," says California estate attorney, Loren Lopin.

"I believe Judge Beckloff was correct in his ruling," states Lopin, who has
just finished a probate case over which Judge Beckloff presided. "In reviewing
Michael Jackson's well-drafted will, the document clearly states, 'I appoint
JOHN BRANCA, JOHN McCLAIN and BARRY SIEGEL as co-Executors of this Will.'"

"Judge Beckloff is a tough but fair judge in Los Angeles County -- the most
difficult county in California in which to bring a probate case. I know
because I just completed a case presided over by Judge Beckloff which took
over 20 months to complete."

Lopin believes that Michael Jackson was a shrewd businessman and surrounded
himself with good advisors.  "Jackson's will is a 'pour-over-will' which means
any property named in the will at the time of his death shall be placed in his
trust. Jackson's will states, 'I give my entire estate to the Trustees under
that Trust executed March 22, 2002 by me as Trustee and Trustor which is
called the MICHAEL JACKSON FAMILY TRUST...'

The trust is a private document so most of Jackson's estate will be
distributed to beneficiaries without the prying eyes of the public.

"The will does nominate Jackson's mother as the guardian of his minor
children," states Lopin. "Guardianships are handled by the probate court,
therefore, these proceedings will be for public view."

"I disagree with Rev. Sharpton's comments about the court's lack of
sensitivity. Jackson's mother filed for Letters of Administration shortly
after her son's death, thrusting her into the middle of these proceedings."

For expert commentary and explanations of Jackson estate issues, contact Loren
Lopin at Trusts & Estates P.C. 415-317-4825 (cell) or 415-200-4592 (office),
LorenTrustsEstates@att.net, http://www.Twitter.com/EstatePlanSF

This release was issued through The Xpress Press News Service, merging e-mail
and satellite distribution technologies to reach business analysts and media
outlets worldwide. For more information, visit http://www.XpressPress.com



SOURCE  Loren Lopin

Loren Lopin, +1-415-200-4592, or cell, +1-415-317-4825,
LorenTrustsEstates@att.net

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video