Tohme Tohme, Michael Jackson's final business manager, asked a judge to unseal detailed financial documents from the late singer's estate. According to the Associated Press, Tohme filed a claim that said he is entitled to at least 2.3 million from Jackson's estate and argued that the sealing of the records may keep him and other creditors from receiving further pay.
It's not completely surprising for any New York estate planning attorney to hear of yet another claim seeking rights to part of Michael Jackson's estate. Tohme Tohme claimed he has a right to fifteen percent of profits from the film "This Is It," which presented clips from Michael Jackson's rehearsals for his comeback concerts. Tohme's motion also seeks access to revenue, expense, and profit information that is not available to the public.
Tohme's attorneys claimed he and other creditors should have access to unredacted copies of files concerning Michael Jackson's post-death assets, which include an outline of business deals reached since his death in 2009. In a three-way arrangement between Columbia Pictures, Jackson's estate, and concert promoter AEG Live, the movie studio paid $60 million to get the rights to "This Is It." The estate argued that certain details in the agreement could harm future negotiations, and a Los Angeles judge sealed some aspects of that deal.
Tohme Tohme's motion maintained the detailed monetary records should be offered to creditors who have filed claims against Jackson's estate, since some claims by several Jackson associates have gone unpaid. In any cases similar to this, a skilled New York estate planning attorney can clarify any issues regarding an individual's estate and assets. Browse through the Related Resources links to learn more about estate planning.
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