It isn't looking good for Michael Jackson's three kids.
Not only did Paris, Prince, and Blanket Jackson suffer a major blow after their beloved dad died at age 50, but now they're facing another uphill battle financially. Sources at The Sun have come forward with new evidence that suggests the children won't see a dime from their $900 million dollar inheritance.
According to confidantes, the three kids along with Michael's mom are the beneficiaries of his massive trust. The problem is, M.J. was a bit reckless with his cashflow and owes the IRS a whopping $500 million dollars in addition to $300 million dollars in other debts.
The problem was just reportedly made worse by the estate's $546 million dollar deal with Sony to sell the icon's publishing rights. The lucrative payout has upped Mr. Jackson's tax debt by $70 million dollars.
Yikes. What a MESS.
A source said of the complicated situation: