Jacko's kids, mum, his chief beneficiaries
all4loveandbelieve
Posts: 4,455
I guess we all knew that MJ was going to take care of his children and mother..
The star was in huge debt when he died but the trustees of his estate have turned it around and his kids - Prince, 13, Paris, 12, and Blanket, 8 - could even end up becoming billionaires by the time they can access their funds.
Michael Jackson has left his three children a multimillion-dollar fortune – but they can’t touch it until they are 30.
The star was in huge debt when he died but the trustees of his estate have turned it around and his kids - Prince, 13, Paris, 12, and Blanket, 8 - could even end up becoming billionaires by the time they can access their funds.
The News of the World gained access to the trust fund documents, which show the children get 40% of the estate, Jacko’s mother Katherine gets another 40% until her death, when that portion reverts to the kids, and charities get the final 20%.
But Jacko left nothing for his father, brothers or ex-wives. A family insider told the News of the World: "Michael had his fallings out with his father and brothers but, being the generous soul he was, it's almost unbelievable he left them with nothing."
The source added: "Michael's mother and his children were the dearest thing to him in his life, so he made sure that they would benefit when he died."
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The star was in huge debt when he died but the trustees of his estate have turned it around and his kids - Prince, 13, Paris, 12, and Blanket, 8 - could even end up becoming billionaires by the time they can access their funds.
Michael Jackson has left his three children a multimillion-dollar fortune – but they can’t touch it until they are 30.
The star was in huge debt when he died but the trustees of his estate have turned it around and his kids - Prince, 13, Paris, 12, and Blanket, 8 - could even end up becoming billionaires by the time they can access their funds.
The News of the World gained access to the trust fund documents, which show the children get 40% of the estate, Jacko’s mother Katherine gets another 40% until her death, when that portion reverts to the kids, and charities get the final 20%.
But Jacko left nothing for his father, brothers or ex-wives. A family insider told the News of the World: "Michael had his fallings out with his father and brothers but, being the generous soul he was, it's almost unbelievable he left them with nothing."
The source added: "Michael's mother and his children were the dearest thing to him in his life, so he made sure that they would benefit when he died."
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Comments
I heard this long time ago..
just after MJ "death"..
nothing new...