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Michael Jackson's Estate To Give $30 Million To His Mother And Children!

| Filed under: Legal MattersMichael JacksonBusiness Blitz


This is exactly where the money SHOULD go!

As of December of 2010, Michael Jackson's Estate has made more than $310 million in gross revenues, and the co-Executors John Branca and John McClain are reportedly using a portion of that to fund - $30 million, to be exact - to the deceased pop icon's trust for Katherine Jackson and his three children!

They've also asked the court's permission to sell the family home in Encino, which was valued at $4,150,000 when Michael died!

We're just happy to see that his children will be taken care of!

They've certainly been through enough - they deserve to have some financial support as they grow up!

[Image via WENN.]

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13 comments to “Michael Jackson's Estate To Give $30 Million To His Mother And Children!”

  1. 1

    I'm sure if it was up to the children they would rather have their father back. Money doesn't buy you happiness but it's nice to see they will be taken care of because that's what Michael would have wanted. The only thing that is bothersome is knowing he was probably purposely killed by some insiders to get his money. Now all the sudden when he's dead we hear dollar signs everywhere left and right and you know someone is making profit right now.

  2. 2

    I am a fan of Warren Buffett's ideas on inheritance. He does not believe in dynasties. He provides enough for his offspring to get a good education - then they are on their own. The billions that he has earned will go to charity - half already does. This $30 mil will just create 3 more entitled trust fund kids who will no longer have the motivation or the need to do anything productive.

  3. 3

    What the hell is the "MJ Estate"? Who are those people? I thought his "estate" was his parents and children, along with a lawyer and an accountant to look after his inheritance, but it seems these are people who have nothing to do with MJ's family. Can someone explain? Thanks.

  4. 4

    Re: rosebud99 – I think Bill Gates did something similar to his kids, and they were not amused. LOL.

  5. 5

    And the money grab continues for these disgusting people. The kiddie toucher is probably glad he is dead, to get away from the leaches that are called The Jackson's.

  6. 6

    and what will be done witht he rest of the money???? His children and their caregivers should be getting 80% of it…not 10.

  7. 7

    An Estate is a legal entity not a relationship to a person.

  8. 8

    Oh PLEASE! READ UP ON MJ!!! The 'ESTATE' HAS TO PAY OFF ANY OUTSTANDING BILLS BEFORE DIVIDING UP WHAT IS REST!!! Come on, most of you MUST know that Michael Jackson was in debt for hundreds of MILLIONS OF DOLLARS!!!! That does not go away when you die if you have ASSETS. And MJ did-he had/has properties, his music, the rights to it, and the beatles collection. All worth money-because he got RIDICULOUS LOANS using alot of it as collateral, and other loans on just his NAME (stupid loan officiers). As for the 'Estate people'…A will surfaced from 2002 which named John Branca and music executive John McClain as executors of Jackson's estate, a judge put MJ's mother in as special administrator so she would know what they were doing

  9. 9

    And yes, these MEN ARE PAID, AS THEY SHOULD BE. They have worked long hours and have turned MJ's estate into a money making venture. Mario, you, again, have made an ignorant statement, SURPRISE! Katherine and the children have been getting an allowance all along. I suppose these men were able to show the court they would be able to pay off the bills evidentually, so they were able to make either weekly or monthly payments to her. BUT, the first thing they had to do was go through the bills and figure out which were real and which were ones trying to make a buck or $100k off of the estate. (many many people tried) and to pay off the over $270+million in BILLS, LOANS, that Michael acrued in his life. Now, if they are paid off, most of the money will go to Katherine and the kids. I forgot the breakdown, whether it is 50% or 30% to Katherine and the rest to the kids. (Katherine OBVIOUSLY DOLES IT OUT TO HER KIDS). Upon her death, the estate money EARNINGS all go to MJ's kids.

  10. 10

    and Mario, it all depends on what Michael TAUGHT THESE KIDS. I mean, Prince the 3rd, BLANKET was probably TOO YOUNG, BUT the other 2, Paris and Prince the 1st? 2nd? They both might have remember how Michael 'shopped'. Hopefully, when they turn 18, they do not go shopping like he did. Those 3 are going to have alot of problems when they are adults… and Katherine is dead. all those GREEDY GREEDY UNCLES Jermaine!!!

  11. 11

    Jackson Family pocket pool. I still wonder why the family didn't have a glass cover put on MJ's coffin, ala Lenin's tomb, and charge admission to view the fallen pop star. A concession like that would have kept Joe and the "churrin" happy.

  12. 12

    Jesus! What a bunch of freeloaders! Has anyone in the Jackson family ever worked for their money? Crazy and greedy!

  13. 13

    This CASH should save us from having to hear LaToya & Jermaine's INSANITY on every media outlet willing to broadcast their rants for at least another year; Katherine can dole out money to them weekly and they should be fine…..