JACKSON FAMILY CASH CRISIS

King of Pop's $788M flounders amid barrage of scandal & lawsuits

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Michael died 16 years ago but his estate is still far from settled

LATE legend Michael Jackson's family is in a financial panic as a recent court filing revealed potential payouts for a pending sex abuse lawsuit and other concerns — on top of previously alleged tax debts to Uncle Sam — that could decimate the King of Pop's estimated $788 million fortune and evaporate the hefty allowances of his heirs, sources say.

The details came to light after peeved Paris Jackson accused lawyers of siphoning dough from her father's estate. She filed a petition in Los Angeles Superior Court demanding a full accounting of legal expenses after spotting alleged “irregular payments” made by John Branca and John McClain, executors of MJ's estate.

"As painful as it is to say in print, the present records suggest that a group of closely knit, highly compensated lawyers is exploiting Executors' lack of oversight to skim money from the Estate, in plain view," her lawyer writes in a 16-page document. "Even worse, these payments appear, at least in part, to consist of lavish gratuities bestowed upon already well-compensated counsel."