Michael Jackson’s estate holders are demanding to be compensated for their work. According to TMZ.com, estate holders, John Branca and John McClain are demanding 70% of their fees until the court approves the entire amount.
The documents filed by Branca and McClain do not reveal the specific amount required, however they are asking for the statutory amount of executor fees for the initial $25 million of the estate which totals $188,000.
Since the estate is valued at over $25 million, McClain and Branca would be permitted to a share of that amount. In addition to their standard fees, Branca and McClain are requiring fees “for their extraordinary services.” That total has yet to be determined as well.
Law firms connected with the estate, The firm of Hoffman, Sabban & Watenmaker, the firm of Kinsella, Weitzman, Iser, Kump & Aldisert and the law firm of Greenberg Traurig, are all requesting hefty fees for their services as well.