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The judge turned down Katherine Jackson's request to remove Branca and McClain as interim administrators of the estate. Katherine has been named the guardian for Michael's three children. There will be a separate hearing regarding guardianship.
Branca and McClain had been in Jackson's life for about 30 years. Judge Mitchell Beckloff said Michael Jackson was comfortable enough in 2002 to appoint them and that there was concern about turning over the power at this point.
"It's our obligation, our duty, our responsibility and our desire to do everything we can to carry out Michael Jackson's wishes ... Maximizing the assets of his estate and allowing his fans to continue to enjoy the great legacy that he brought to all of us," said Howard Weitzman, the attorney for the executors.
"From the beginning until now, our issue has always been to respect Mr. Jackson's wishes, allow his family time to grieve, to make sure that we did not rush into any of these processes, make sure that the children's best interests are served first," said Londell McMillan, Katherine Jackson's attorney. "And Mrs. Jackson and her family has an opportunity to make sure that the process of moving forward with Mr. Jackson's business is a process that is fair without conflict of interest and will be done to the benefit of the children and of the family."
There is another will that was signed by Michael Jackson in 1997. However, the 2002 will is being given priority, as it was filed at a later date.
There will be another hearing on the will on August 3.
The judge said there is no way of telling how much Jackson's estate is worth. However, it was previously estimated to be worth about $500 million.
Meanwhile, ABC News has learned that Michael Jackson will be buried Tuesday at Forest Lawn Mortuary in the Hollywood Hills. He may be buried in the section known as the Court of Liberty, the resting place of other celebrities including Stan Laurel, John Ritter, and Buster Keaton.
ABC News has learned that the funeral will be a private service beginning at 8 a.m., just two hours before the public memorial is scheduled to begin at Staples Center in downtown Los Angeles.
Sources close to the Jackson family say Debbie Rowe will not attend the burial service.
Security remains tight at the Hollywood Hills mortuarywith police stationed throughout Forest Lawn and barricades set up, as Jackson's body was believed to be there on Monday morning. Media trucks lined the street beside the cemetery that morning, awaiting any word about a service.
Fans are also very interested in funeral plans for the pop icon.
"I wanted to be where he's going to be at. I just want to say goodbye to him. I want to be at his presence. He's always in my heart," said fan Melie Kerkhoff.
"I am glad they finally found a resting place for him. I think it's weird he's not going to be buried at Neverland. I think that's a more appropriate place for him because that's where he was happy," said Michelle Fajardo, a Jackson fan.
"As long as he is resting in peace, I think that's good. I mean, I miss Michael Jackson very much," said Yajaira Torres, another Jackson fan.
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