The petition, filed October 29, highlights a series of high-value transactions, including the 2023 sale of a 50% stake in intellectual property to Sony for $750 million. Paris contends these deals, alongside the sale of Neverland Ranch and EMI assets, have generated over $1 billion in liquidity, rendering the estate’s reluctance to fund the family trust indefensible. Beyond the immediate cash demand, she has accused Branca of maintaining an iron grip on the beneficiaries, alleging that payments have been restricted to discourage oversight of his management.
Branca’s team has dismissed these claims as a fabrication, asserting that the estate has already distributed more than $200 million to the beneficiaries. The estate maintains that a final settlement is impossible while the IRS pursues a tax dispute that once reached $700 million in penalties. Parallel to the distribution request, Paris has challenged the executors' compensation, seeking to reduce their management fee from 15% to 10% of gross entertainment income. She cites persistent delays in court-ordered accounting as grounds for the cut, while the estate labels her legal challenges as baseless and driven by irrelevant personal grievances.




Comments (0)
No comments yet. Be the first!