The Breakdown: Michael Jackson's Will
Filed under: Legal Matters > Michael Jackson
Sources are revealing the exact division of Michael Jackson's assets, according to his will.
As it stands, his mother, Katherine Jackson, will get 40% of his assets.
His three children will also get 40%.
The remaining 20% will be divided up for several children's charities.
No specific charities were specified in the document, so the California state Attorney General, who is in charge and regulates the state's charitable foundations, has filed legal papers, most likely to ensure that the allotted funds actually go to charity.
Still no word as to who has been bequeathed the 50% share holdings at Sony/ATV music publishing catalogue, which controls many of the songs from the Beatles.
[Image via WENN.]
Posted: July 3, 2009 at 3:00 pm
…I am rather disappointed. I thought that I was in it for at least 3%. RIP Michael. "One FIne Day" we will be together.
IM GONA PUT IT OUT THERE SINCE THE MEDIA THAT TRIED TO BRING MICHAEL DOWN WILL NOT REPORT IT..ONLY A FEW HAVE.THE 93 ACCUSER THAT GOT 20 MILLION FROM MICHAEL ADMITTED EARLIER THIS WEEK,AFTER MICHAEL DEATH,THAT HE LIED ABOUT EVERYTHING..IT WAS HIS FATHER THE "PUT HIM UP TO IT",THIS 13 YR OLD BOY IS A 29 YEAR OLD MAN NOW…HE IS THE SCUM OF THE EARTH AND HE WILL GET HIS…I HATE HIM AND HIS MONEY GRUBBING FAMILY.I ALWAYS BELIEVED MICHAEL WAS INNOCENT AND HATERS WANTED TO BRING HIM DOWN AND NEVER WANTED HIM TO BE BIGGER THAN ELVIS..SAD PPL APPRECIATE HIM MORE NOW THAT HE IS GONE….BECUZ OF THE MEDIA & THAT TRIAL WHICH WAS BULLSHIT,CAUSED HIS DEATH..THE MEDIA,JORDON CHANDLER(93 ACCUSER),MARTIN BASHIR,THE 2ND ACCUSER THAT LYING ASS BRAT,AND THE HATERS KILLED M.J.ARE U HAPPY NOW?????!!!! I MISS U SO MUCH MICHAEL AND I LOVE U.THOSE PIECES OF SHIT ARE GONA GET THEIRS!!!I HOPE HIS KIDS GET THE MUSIC PUBLISHING CATALOG….GOD KNOWS THEY DESERVE IT SINCE THEIR DAD ISNT HERE ANYMRE…THANKS 2 THE MEDIA!!
it's good that he actually gives to charities after his death!!! rip
God bless his soul.
Why the F would he leave his 80 year old mother 40%? Bogus. She's gonna go out and get her hair did.
wow michael was truly a genuine person! 20% to charities? that is AMAZING!!! to me MJ was a great role model! RIP MJ.
Wow, he was still thinking of other people!!
Rip Michael!
Re: blubabiecutie – You need to get your facts straight honey! That story was recanted…oh sorry…taken back, as it was a LIE! The family that received the $20 mil settlement has not yet made any public statement. I understand wanting to be all "up in someones face" about MJ's life & death, but you should sift thru the truth and the lies.
The conspiracy continues….check out these that are listed on eBay:
www.MichaelJacksonDrugAddict.com
www.MichaelJacksonsAddiction.com
www.MichaelJacksonDrugProblem.com
www.MichaelJacksonsDrugUse.com
www.MJsDrugUse.com
www.MJsDrugAddictions.com
Only going to get worse as time goes on.
I hope the "children's charities" his money goes to are ones that help the sexually abused. That's the LEAST he could do.
I hope Satan has him bent over, anally raping him with a flaming hot poker for eternity!
this is old news fat fuck
Um, you missed the part about some going to 6 other family members asshole.
I am so tired of hearing stuff about Michael Jackson. It's been almost two weeks. The news, every entertainment show, magazines, EVERYONE is talking about him. And now it's just a bunch of stupid bullshit about Debbie Rowe and Joe jackson. Before his death NO ONE gave a fuck about Michael and all these people. It's NOT a surprise that he is dead. Michael did this to himself. Period. He was a drug addict.
I'm just irritated that people are making such a massive HUGE deal about it. Get over it.
Re: blubabiecutie – I AGREE F@@CK THE HATERS, ITS THOSE WHO EMOTIONALLY TERRORIZED MJ,, but one comment martin bashir was the asshole reporter who i believe invented the term 'wacko jacko'.. he should burn in hell too as he completely embarrassed and turned the documentary into his liking, now he is 'saddened' by the death of 'the greatest entertainer of all time' ANYONE WHO IS ACCUSED MOLESTATION DESPITE $$ IS NOT GIVEN SOLE CUSTODY OF 3 CHILDREN,,, IF U DONT KNOW DONT BASH HIM DONT U HATERS REALIZE THAT PEOPLE JUST WANTED A PIECE OF THE PIE AND WOULD STOP AT NOTHING, AND THAT IS WHAT ULTIMATELY KILLED MJ, A BROKEN HEART… HE WORKED HIS ENTIRE LIFE TO CHANGE HUMANITY AND IN THE END EVIL DEVILS GOT JUST WHAT THEY SOUGHT OUT TO DO
Re: SiennaNJ – ur aN IGNORANT A$$
ALSO NOO OTHER ENTERTAINER WILL EVER REACH OUT TO THE POOR LIKE MICHAEL JACKSON, CELEBRITIES TODAY USE MIDDLECLASS DUMBASSES TO DONATE BUT U STUPID FUCKERS DONT GET IT!!!!!!!!!!! SO STOP HATING ON MICHAEL JACKSON HE WORKED HARD TO EARN HIS ICONIC STATUS, HE DID NOT EVER EXPECT THE TURMOIL HIS TALENT WOULD IN THE END CAUSE!!! HE DONATED OVER 300 MILLION TO CHARITY AND FOR THAT HE IS PRANCING AROUND HEAVEN PEACEFULLY
I'd like to see Sir Paul get his shit back - any truth to the rumours yet?
Since the publishing catalogue is part of his assets, wouldn't it make sense that it is part of what is being divided between the mother and the kids?
It's funny how people will talk about how they're tired of hearing about Michael Jackson yet click on this specific article and make a comment on it. If I don't want to hear about Michael Jackson it's very easy to do in 2009. I just don't click the link with the Michael Jackson story. Sensationalism gets you every time. If you were sick of it you wouldn't have wasted your time commenting.
Re: BlackGaySocialite – I agree and that's all I have to say about that.
Another day has gone
I'm still all alone
How could this be
You're not here with me
You never said goodbye
Someone tell me why
Did you have to go
And leave my world so cold
Everyday I sit and ask myself
How did love slip away
Something whispers in my ear and says
That you are not alone
For I am here with you
Though you're far away
I am here to stay
But you are not alone
For I am here with you
Though we're far apart
You're always in my heart
But you are not alone
'Lone, 'lone
Why, 'lone
Just the other night
I thought I heard you cry
Asking me to come
And hold you in my arms
I can hear your prayers
Your burdens I will bear
But first I need your hand
Then forever can begin
Everyday I sit and ask myself
How did love slip away
Something whispers in my ear and says
That you are not alone
For I am here with you
Though you're far away
I am here to stay
For you are not alone
For I am here with you
Though we're far apart
You're always in my heart
For you are not alone
omg i'm so glad he was able to leave his children something in the will uz usually everytime u hear about an celebrity they end up losin their money to the record labels or something just like james brown he had royalties that was suppose to go to his wife and she had to go to court to fight for them becaue the record company was trying o ripped him off of what tha man wa worth
How much did NAMBLA get?
And to those who said the accuser recanted - that is an internet hoax. The boy did NOT say he lied. There are NO actual news reports of this happening.
Why would he admit to that, so the estate could sue him for the money back? Don't be stupid.
so essentailly his airs don't get anything. If he owed 500 million. his junk will only sell for 500 million. I went to dallas independent school district, which isn't the best But doesn't that equal= 0.
so 40% of 0=0 . Poor little rich people.
Re: THE ONLY SOURCE – Girl your medication is off. take another pill.
Re: PeachyKeenBitch – 40% of 0 is = to how much?
Re: SkyBitch – supply them with rubbers? What do you want them to give them?
as with the poker. I'm sure he would like that. How about just stick him in a room with a tv only playing reruns of Sinfield for the rest of eternity. now that would be hell.
Re: SiennaNJ – they did the same about anna nichole. During hard times little people have to look up to something. Let them look up to MJ. At least they aren't running to the catholic church.
Re: monkeylove – hes going to fit in great with the catholic priests.
They can play with the children togetheer.
Re: stellagranos – the bank is holding it as collateral. The interest paid will eat up any royalties paid. and once that loan comes due. it will go to the highest bidder. Hopefully the bidder will be the US government so they can pay off all the tarp money they printed with the royalties.
i heard that in his will he gave the beatles songs he owned back to paul mccartney, where they rightfully belong!