The singer has made a staggering $310 million since he died in 2009 — and the executors of MJ’s estate want to give his kids a big share!
John Branca and John McClain, the co-executors of Michael Jackson‘s estate, have asked a court permission to pump $30 million dollars into his children’s trust fund.
Besides Prince Michael, 14, Paris, 13, and nine-year-old ‘Blanket,’ the trust also benefits Jacko’s mom, family matriarch Katherine Jackson.
Katherine reportedly plans to use some of the cash to buy a new home for herself and the kids, after she’s been given permission to sell the Jackson family’s current home in Encino, California.
A court will make a decision on both issues on September 28, reports TMZ.com.
When Michael Jackson died, his finances were in a mess, but his estate has made a fortune since through sales of his posthumous concert movie This Is It!
Ashley
Posted at 10:18 AM on October 25, 2011
Why are you so bitter, Eve? The kids can’t help that they were born? They lost their father, and they are his kids, so they deserve the money. And how do you know they’re spoiled? The kids seem pretty grounded to me.