The singer Michael Jackson He had a debt of about 500 million dollars when he died, according to what the portal published this Friday “E-news”which cites as a source documents of the deceased singer to which it has had access.
The lawyers of the executors of Jackson’s estate, whose death has now been 15 years, assured that the accounts of the author of “Thriller” were “untidy” in 2009, to the point of reaching that multi-million dollar debt.
“Jackson had incurred considerable expenses in connection with preparations for his ‘This Is It’ concert tour.”according to the document that was presented to the Los Angeles County Superior Court after the singer’s death, explains the specialized portal.
It details Jackson’s premature death at age 50, “He left his heritage” with a significant financial responsibility to his tour promoter.
In addition, the executors’ lawyers stated that Jackson had “changed business managers, lawyers and personal managers several times in the years immediately preceding his death”forcing them to track down documents that were “scattered throughout the country.”
However, in the following years, lawyers eliminated Jackson’s estate debt and “successfully enhanced their image and legacy” for the benefit of the beneficiaries of the “Michael’s Trust”which includes the award-winning singer’s children, Prince Jackson, 27, Paris Jackson, 26, and Bigi “Blanket” Jackson, 22.
“Although more than a decade has passed since Michael Jackson’s death,” the document states, “from time to time, the executors must deal with the consequences of the circumstances that existed at the time of his death,” the specialized news portal specifies.
Jackson is the author of hits that marked a musical milestone such as ‘Thriller’ (1982), the best-selling album in history, or songs that defined his brand such as ‘Beat it’ (1982), ‘Bad’ (1987) or ‘Smooth Criminal’ (1988).
He died on June 25, 2009 from an anesthetic overdose at his rented mansion near Bel Air, the exclusive celebrity neighborhood in Los Angeles.
EFE
