We've continuously discussed the financial situation wtih Michael Jackson, as well as that for his children. There are excellent learning points within this tragedy to help all of us understand concepts such as estate planning and family complications induced by death. Listen to the conversation we have with legal analyst Elliot Millner about the Michael Jackson will. The estate is being heavily contested, and as of today, it was determined that Michael Jackson's mother will no longer have control.
It is also yet to be determined if the will is valid, as one of the mothers of Jackson's children has communicated that she may challenge the family for custody.
Jacksons Memorial Photos
A new waxwork of U.S singer Michael Jackson, is unveiled at Madame Tussauds in London, Thursday, June 9, 2009. Los Angeles spent US$1.4 million to provide security, traffic control and other services for Michael Jackson's memorial service, city officials said as they looked for ways to have others help the financially troubled city pick up the bill. (AP Photo/Joel Ryan)
AP
A new waxwork of U.S singer Michael Jackson, is unveiled at Madame Tussauds in London, Thursday, June 9, 2009. Los Angeles spent US$1.4 million to provide security, traffic control and other services for Michael Jackson's memorial service, city officials said as they looked for ways to have others help the financially troubled city pick up the bill. (AP Photo/Joel Ryan)
AP
A new waxwork of U.S singer Michael Jackson, is photographed as it is flanked by the members of the public at Madame Tussauds in London, Thursday, June 9, 2009.. Los Angeles spent US$1.4 million to provide security, traffic control and other services for Michael Jackson's memorial service, city officials said as they looked for ways to have others help the financially troubled city pick up the bill. (AP Photo/Joel Ryan)
AP
A new waxwork of U.S singer Michael Jackson, is unveiled at Madame Tussauds in London, Thursday, June 9, 2009. Los Angeles spent US$1.4 million to provide security, traffic control and other services for Michael Jackson's memorial service, city officials said as they looked for ways to have others help the financially troubled city pick up the bill. (AP Photo/Joel Ryan)
AP
LOS ANGELES, CA - JULY 7: A police car patrols outside of a memorial service for pop star Michael Jackson at Forest Lawn Mortuary July 7, 2009 in Los Angeles, California. Thousands of supporters attended the service for Jackson around the world who died at the age of 50 at the UCLA Medical Center after going into cardiac arrest on June 25 in Los Angeles, California. (Photo by Sandy Huffaker/Getty Images)
Getty Images
LOS ANGELES, CA - JULY 7: A funeral procession carrying the body of Michael Jackson heads towards the Staples Center from Forest Lawn cemetery after a memorial service for family and friends July 7, 2009 in Los Angeles, California. Thousands of supporters attended the service for Jackson around the world who died at the age of 50 at the UCLA Medical Center after going into cardiac arrest on June 25 in Los Angeles, California. (Photo by Sandy Huffaker/Getty Images)
Getty Images
LOS ANGELES, CA - JULY 7: A police motorcade escorts a funeral procession carrying the body of Michael Jackson during a memorial service for family and friends at Forest Lawn Mortuary July 7, 2009 in Los Angeles, California. Thousands of supporters attended the service for Jackson around the world who died at the age of 50 at the UCLA Medical Center after going into cardiac arrest on June 25 in Los Angeles, California. (Photo by Sandy Huffaker/Getty Images)
Getty Images
LOS ANGELES, CA - JULY 7: A funeral procession carrying the body of Michael Jackson heads towards the Staples Center from Forest Lawn cemetery after a memorial service for family and friends July 7, 2009 in Los Angeles, California. Thousands of supporters attended the service for Jackson around the world who died at the age of 50 at the UCLA Medical Center after going into cardiac arrest on June 25 in Los Angeles, California. (Photo by Sandy Huffaker/Getty Images)
Getty Images
LOS ANGELES, CA - JULY 07: General view of atmosphere outside the Staples Center prior to the start of the Michael Jackson public memorial service held at Staples Center on July 7, 2009 in Los Angeles, California. Jackson, 50, the iconic pop star, died at UCLA Medical Center after going into cardiac arrest at his rented home on June 25 in Los Angeles, California. (Photo by Bob Covington/Getty Images)
Getty Images
LOS ANGELES, CA - JULY 07: General view of atmosphere outside the Staples Center prior to the start of the Michael Jackson public memorial service held at Staples Center on July 7, 2009 in Los Angeles, California. Jackson, 50, the iconic pop star, died at UCLA Medical Center after going into cardiac arrest at his rented home on June 25 in Los Angeles, California. (Photo by Bob Covington/Getty Images)
Getty Images
Other updates on the Michael Jackson case:
Deborah Rowe fights to get her children away from The Nation of Islam
Congressman calls Michael Jackson a "perverted pedophile who could sing and dance."
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Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of the forthcoming book, "Black American Money." To have Dr. Boyce commentary delivered directly to your email inbox, please click here.
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By: Burberry Blue on 7/07/2009 5:29PM
Can anyone tell me whatever happened to Rebbie Jackson? The oldest jackson sister?
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