John McClain's Estate Administration: Urgent Matters, $20 Million Fortune, and Family Disputes
The late John McClain, former executor of Michael Jackson's estate, reportedly had a personal fortune of $20 million and did not have a will. Warner Wright IV has filed paperwork to request that he and Zia F. Modabber be named administrators of McClain's estate due to urgent business matters that need to be addressed promptly. These matters include a lease payment on a Malibu property, outstanding bills, maintenance issues, creative projects, and other time-sensitive affairs that require attention.
Wright, who claims to be McClain's first cousin once removed but was raised as his nephew, emphasizes the need for access to McClain's multiple bank accounts to manage the estate's assets. The estimated value of McClain's probate estate assets is reported to be $20,033,862, a substantial sum of money. McClain's lack of a will is notable, especially considering his involvement in the legal battle over Michael Jackson's will after the singer's passing.
It is important to clarify that Wright's filing pertains solely to John McClain's estate and is unrelated to Michael Jackson's estate, where McClain previously served as co-executor. McClain's hospitalization and subsequent passing at the age of 71 following a fall at his Malibu home are also mentioned in the context of the estate administration process. The complications from the fall ultimately led to McClain's death after a week of medical treatment at Ronald Reagan UCLA Medical Center.