User | Post |
8:14 pm August 3, 2009
| MJGIRL18
Member
| | |
|
| posts 111 |
|
|
PLZ GIVE ME A LINK OR SOMETHING,BECAUSE UNLESS I READ IT I WON'T BELIEVE IF.
BTW-CAN INSURANCE BE PAID OUT WITHOUT THE DC BEING SIGNED?
WAS THE DC SIGNED?
HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
|
|
I LOVE MJ |
|
|
8:23 pm August 3, 2009
| yaya
Member
| | Texas |
|
| posts 331 |
|
|
i would like to read it myself too. not saying at all that once i read it, i'll believe it. cuz i probably won't…at least just yet.
|
They don’t see you as I do, I wish they would try to; I’m sure they’d think again… – Michael Jackson, “Ben”
|
|
8:24 pm August 3, 2009
| doonbuggy
Member
| | |
|
| posts 192 |
|
|
yup i would like to read it too… or see the media all over this.. cuz they arent.
|
|
|
|
|
|
|
Heal the World |
|
|
8:28 pm August 3, 2009
| DawneVee
Member
| | DFW – Texas |
|
| posts 382 |
|
|
MJGIRL18 said:
PLZ GIVE ME A LINK OR SOMETHING,BECAUSE UNLESS I READ IT I WON'T BELIEVE IF.
BTW-CAN INSURANCE BE PAID OUT WITHOUT THE DC BEING SIGNED?
WAS THE DC SIGNED?
HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.google.com/hostedne…..gD99RFDS01
Screaming with you!!!
|
|
“With such confusion don’t it make you wanna scream
You bash abusing victimize within the scheme
You try to cope with every lie they scrutinize
Somebody please have mercy cause I just can’t take it ”
– Scream — Michael and Janet Jackson |
|
|
8:28 pm August 3, 2009
| MJGIRL18
Member
| | |
|
| posts 111 |
|
|
Filing: Michael Jackson's life insurance paid out
By ANTHONY MCCARTNEY (AP) – 12 hours ago
LOS ANGELES — Court filings state the administrators of Michael Jackson's estate have received the King of Pop's life insurance proceeds.
The records, filed Friday in Los Angeles, are redacted and don't indicate how much the policy paid out. The filings state that money designated for Jackson's three children has been received by a trust being handled by special administrators of the singer's estate.
The filings are meant to augment a petition to give the children a monthly stipend. Another filing indicates Jackson's mother, Katherine, is also eligible for some benefits from the policy.
The administrators are also seeking an allowance for Katherine Jackson, who is now caring for the children.
A court hearing is scheduled Monday on whether the allowances will be granted
|
|
I LOVE MJ |
|
|
8:30 pm August 3, 2009
| DawneVee
Member
| | DFW – Texas |
|
| posts 382 |
|
|
doonbuggy said:
yup i would like to read it too… or see the media all over this.. cuz they arent.
I Googled'Michael Jackson life insurance' and there are only about 3 or 4 news sources that claim the insurance was indeed dished out. But they all got the story from the Associated Press. So it's pretty much the Associated Press who came out with this story.
I am surprised it's not blaring all over the TV's and Internet as “breaking news”. What's up with that?
|
|
“With such confusion don’t it make you wanna scream
You bash abusing victimize within the scheme
You try to cope with every lie they scrutinize
Somebody please have mercy cause I just can’t take it ”
– Scream — Michael and Janet Jackson |
|
|
8:31 pm August 3, 2009
| Kurious
Member
| | |
|
| posts 70 |
|
|
Mentioned on another thread, there is more than one policy. After reading the above link I also believe there are probably a few policies lying around. Pherhaps this policy's T&C are not a stringent as the others. This one is specifically for his kids (and mum), so I would gather the requirement to pay out would be proof of death being the signed/unsigned(?) DC. Just a thought.
|
|
8:42 pm August 3, 2009
| mjrocks
Member
| | |
|
| posts 9 |
|
|
WAIT! Went to wikipedia–typed in life insurance payout.
Death proceeds
Upon the insured's death, the insurer requires acceptable proof of death before it pays the claim. The normal minimum proof required is a death certificate and the insurer's claim form completed, signed (and typically notarized).[citation needed] If the insured's death is suspicious and the policy amount is large, the insurer may investigate the circumstances surrounding the death before deciding whether it has an obligation to pay the claim.
YET, there is no death certificate!?! WTF? How could this money be released without a signed death certificate? Also, the insurance company probably is just taking this at face value that Michael “died.” Most people are just buying into because of the media. I'm sure they are not telling the family they want PROOF–after that huge memorial and everything! The insurance company is foooled like the rest of the people!
|
|
8:46 pm August 3, 2009
| quesarasara
Member
| | |
|
| posts 38 |
|
|
Okay, that's all well and good. You only need a provisional death certificate to collect on that. There's no word that it was even settled and thus funds dispersed. Okay, fine. We've all heard of insurance fraud right? There's no documents made public so there is no way of knowing what is true about all of this. However…take a look at the pre-court appearance regarding this insurance settlement. AEG, EVEN THOUGH THEY ARE GOING INTO COURT CAN'T PROVIDE A CONTRACT AND THUS THEIR INSURANCE RIDER BECAUSE OF CONFIDENTIALITY????? WHAAAAT????
Any lawyers on here? Can someone explain why even the said performer Michael Jackson is believed to be dead, why isn't the contract under confidentiality not null and void thus- uncovered and public information or at least information that can be put into a court?? Does anyone know?
Take a look and just bounce some ideas while I look for more info. And to everyone who's upset about this, please…remember what's going on here. Its a circus! It's natural to be upset but we can still see the silverlining through all of this.
http://www.google.com/hostedne…..gD99NS46G0
|
Do what you want and say what you feel because those who matter don’t mind, and those who mind don’t matter. – Seuss
|
|
8:51 pm August 3, 2009
| quesarasara
Member
| | |
|
| posts 38 |
|
|
Cited from linked AP article.
Katherine Jackson's lawyers alleged in filings that Branca and McClain were “intent on keeping her in the dark as much and for as long as possible.”
Branca and McClain's legal team responded that the singer's mother had made “voluminous, burdensome and invasive discovery demands” that were impossible to meet in a short time frame.
It added that it could not produce the contract detailing Jackson's comeback tour with promoter AEG Live because of confidentiality provisions, but was willing to share the contract if Katherine Jackson agreed to the provisions. The parties were unable to agree on the terms.
The administrators' legal team also argued that it was unclear why Katherine Jackson was demanding so much information. Her subpoena and deposition notices had “all the earmarks of a protracted and expensive legal battle which does not appear to be justified,” the administrators' lawyers said in a filing.
Attorney Howard Weitzman, who represents Branca and McClain, said in a statement issued Tuesday evening that comments McMillan has made on Mrs. Jackson's behalf indicate “they want to rewrite Michael's will to make Mrs. Jackson 'Guardian of the Estate' and have her appointed as an Executor and Trustee of Michael Jackson's Estate.”
“In his will, Michael was very specific that his mother act as the Guardian of his children and that Mr. Branca and Mr. McClain be the Executors of his Will and Trustees of his trust,” Weitzman said.
********Why are Branca and Mcclain trying to keep Katherine in the dark? It took this long for her to get permanent custody as well. What's all the stalling for on the legal side?
|
Do what you want and say what you feel because those who matter don’t mind, and those who mind don’t matter. – Seuss
|
|
9:21 pm August 3, 2009
| JoyceBuckley
Member
| | Encino California |
|
| posts 53 |
|
|
I really don't think Estate and life insurance is he same thing. Estate is Michael's own. Did anyone say strickley….Katerine Jackson will recieve michael Jackson's 'LIFE INSURANCE' ? let me know. Thanks!
http://www.tmz.com/2009/06/29/…..ns-estate/
|
You can be as good as gold
And still people will curse your soul
You can take all the right paths, leaving mistakes to others,
And still people will taint you like they will another
|
|