Michael Jackson’s daughter Paris has accused her lawyers of siphoning large sums of money from his estate, as several lawsuits are set to ruin the King of Pop’s estimated $788 million fortune.
Paris filed a petition in Los Angeles Superior Court demanding a full accounting of legal expenses after noticing “irregular payments” made by the executors of MJ’s estate, John Branca and John McClain.
“As painful as it may be to say in print, current records suggest that a close-knit, highly compensated group of attorneys is exploiting the Executors’ lack of oversight to steal money from the Estate, in plain sight,” his attorney wrote in a lengthy document.
“Worse still, these payments appear, at least in part, to consist of generous bonuses given to lawyers who are already well compensated,” he added.
The executors denied the allegations and argued that the money is being spent defending various lawsuits against the late singer.
A source revealed the state of affairs between the Jacksons, saying: “This is a family crisis. The fear is that when you have a potential payout of $400 million, what will be left for the heirs?”
“And what a lot of people don’t know is that they are still trying to work things out with the IRS, which has been chasing them for Michael’s money since he died,” the mole continued, according to Radar online.
This comes after Paris also criticized Michael’s upcoming biopic, calling it “fiction.”
“Paris is not helping at all,” the source said.
“They are trying to generate income and she is badmouthing the film, claiming that the estate is misusing money and basically causing another financial headache that could cripple the family,” they added.
