The Lawyer in Charge of Michael Jackson's Comeback

The transcript discusses Michael Jackson's financial troubles at the time of his death, including significant debt and a planned comeback. John Bronco, Jackson's attorney, played a crucial role in managing the estate and orchestrating a posthumous financial recovery. The estate's value was disputed by the IRS, with a significant discrepancy between the initial valuation and the IRS's assessment. The resolution of Jackson's debt involved selling his stake in Sony ATV, and the IRS argued that the estate's posthumous success was foreseeable.

What factors contributed to the low valuation of Michael Jackson's estate at the time of his death?

How did the IRS's valuation of Michael Jackson's estate differ from the estate's valuation?