filed by Bigi, formerly known as Blanket, show that the 93-year-old matriarch is trying to tap into funds from Michael’s estate to challenge a $600 million music catalog deal.Katherine’s side argues that the estate should cover her $500,000 legal fees, while Bigi disagrees.“… it seems clear to [Katherine] that the Executors are holding all of the assets in the Estate in order to keep control over them, and to avoid the more liberal distribution requirements of the Trust,” says a new complaint filed by Katherine’s attorney, according to People.But close family sources say this is not really about Bigi, now 22, trying to deny his grandmother anything.Rather, it’s about trying to wean the extended family off Michael’s legacy.“Bigi isn’t going against his grandmother.
Bigi is really trying to protect his grandmother in the same manner that Michael did, which is to protect her from the Jacksons!” a longtime family associate told The Post.“It’s the same s–t,” the associate said, alleging that some relatives get money from the trust via soft-hearted Katherine. “Now, instead of letting Mrs.
Jackson live out her years in relative peace, you still have certain family members using this elderly woman to get more money — and it’s none of their business, as usual.”“Through Katie, the estate has made everyone wealthy beyond their wildest dreams,” one Jackson insider said.Katherine is not a beneficiary of her late son’s main estate, but of a separate trust.Nearly 15 years after his death, Michael’s fortune has undergone a miraculous transformation, thanks to the stewardship of lawyers John Branca and John McClain, who are the executors of his estate — bringing it from an estimated half-billion dollars debt to a multi-billion-dollar.
Read more on nypost.com