Tuesday, February 26, 2013

Micheal Jackson's Children Still Haven't Received Any Money From His Estate


It's been nearly four years since his death and Michael Jackson's children still haven't received any money from his estate...

From Yahoo,
More than three years after the death of Michael Jackson, the trust fund for his children, Prince, Paris, and Blanket, ages 15, 14, and 10, has to yet be dispersed. His estate is $600 million and Estate Street Partners (ESP) has this advice for others to avoid a Jackson-like disaster.
Rocco Beatrice, Managing Director of ESP, founders of the UltraTrust irrevocable trust, explains that “because of poor estate planning Michael’s family will have to still wait years until his probate, estate taxes, creditors’ claims, and other legal battles are finalized.”
The children are receiving almost a seven-figure allowance - annually. This includes the mansion, private schooling at the famous Buckley School near Beverly Hills with a yearly $29,000 tuition and vacations. These expenses amount to $70,000 per month according to the NY Daily News.
Family members are wondering where all the money is going. According to the NY Daily News, they are worried that people are stealing money.

24 comments:

Anonymous said...

OF COURSE THEY ARE STEALING!4 YEARS AND THE CHILDREN DIDN'T RECEIVE ANY MONEY!ARE YOU DUMB OR BLIND? WHAT ARE THEY WAITING FOR? THESE ARE SHADY PEOPLE FOR REAL!

Kycakes said...

Smdh...

Anonymous said...

OFF THE TOPIC BUT FROM THE WTF FILE:
New Yorkers can now exchange guns for Beyonce tickets

Post this Snitch.

Anonymous said...

the Jacksons know how to hire good lawyers. If they were stealing they would hire an investigator and press charges. Like Nicole Murphy. Them kids looked stressed and are looking JOBS. They should be playing and having fun.

Anonymous said...

@11:30 uhhhhhhhh....what? O___o Lmaooooo!

Anonymous said...

Uh - Maybe because they're not really his kids? :-)

Anonymous said...

I seriously don't understand why MJ didn't do a better job. He's spent his whole life dealing with lawyers and contracts and shady people around him that he didn't trust. Why on earth didn't he give copies of his will to some trusted friends all over the country or world? Hell, all it would have taken is 3 or 4 friends to have a notarized will that said the same thing. Instead he was half assed and sloppy. I mean screw his brothers, he should have planned better for the kids.

Anonymous said...

I believe this is now a civil rights issue and his family need to pursue it as such. I know Michael looked white and wanted to be white at the end of his life. The truth is he is a black man and his estate with the catalogs is worth over a billion dollars. And I believe people are trying to take it from him. If Michael were white we wouldn't be having this conversation.

Anonymous said...

is anybody surprised? when MJJ and other people try to talk about the money handlers, the public cry haters, etc. . . meanwhile, I bet they cut themselves a check . . .

for all those who believe that those with the money is the most honorable, here's a flash for ya: they are not. there is no excuse for this.

greed. pure and simple. now that michael is gone, they don't have to listen to nobody. the estate keeps people fighting the estate, nothing gets done, nobody gets paid but them and their lawyers . . . it's the stupid kids' faults; they should have stuck with family like they were supposed to; now the estate is sticking them like the estate is accused the family of doing . . .

despicable; it's not michael's fault; people know what their responsibility and duty is; they just don't have to honor it because there's no one forcing them to . . . so much for being a child of the king of pop. probably don't get enough money to buy a can of pop.


thieves. liars. murderers.

Anonymous said...

yall must forget that MJ's FAM allowed the executors to have control. And why pray tell do you think these intelligent folks allowed this if there was a better option for them? As far as I recall they dropped the law suit for control over the estate because maybe just maybe they had some Facts about the estate the public may never know. just my opinion.

Anonymous said...

If they dont receive any money from the estate, then where does the $70,000 a month come from??? Grandma???? I doubt it. #missmewiththisbullshit

Anonymous said...

Most of his money is tied up, recording to reports. This is not what he envisioned for his kids. And to have some distant relative act as their caregiver is troubling as well. Po kids....

AnRnBThug said...

First off the kids are too young to “Get” money from the estate. I’m sure they ate, were housed, traveled & got plenty of gifts for x-mas.
However, these greedy kids nowadays think they grown and expect Money to do what they want and it don’t work like that.

Second, you can expect people are stealing from the estate It’s human nature. Until those kids reach the age where they are adults, They can forget about getting dollar one to themselves

TRACY LOVE GOD 4 EVER .. said...

Michael Jackson, children were awarded 40% of his estate: $33 million each. ... the children will receive a monthly allowance until they reach age 30, ... The remaining portions of the trust fund will be given to them at ages 35 and 40. Michael children aren't of "Age", to receive money from the estate. The kids will have to wait until their 21 to control their assets, but after that, they will Receive (Major Payouts) at ages 30, 35 and 40. Some will rob you with a gun, "Most lawyers will rob you with a Fountain Pen". RIP!

Anonymous said...

Don't feel sorry for Michael or his orphanage turkey baster ugly kids. The man didn't want to be black fuck him.

Anonymous said...

wTF GUNS FOR BEYONCE TICKETS..LOL

@11:30 SNITCH CANT SHE IS ON THE FEDERAL ASSISTANCE FOOD STAMP BEYONCE PAYROLL WHICH MEANS NO NEGATIVE POSTS. BUT NOT NEGATIVE COMMENTS..LOL

SPEAKING OF BEY, DID YALL SEE THE RATCHET KING BEY TENNIS SHOES. GOODWILL TYPE OF SHOES!!!

Anonymous said...

Well it will be interesting to know what Branca and McClain has to say about this.....It's just clear to me that MJ's judgement was just clouded by the drugs towards the end, which is why this is going on now. I also think the main reason why he didn't leave everything to his mother is b/c MJ knew his money grubbing father, brothers and other extended relatives would pester her for $ all day everyday!!!!!

Anonymous said...

12:49 No, fuck you. Don't come here trying to tell anyone else how to feel. Go back to being the witch's panty liner.

Anonymous said...

WHY SHOULD THEY RECEIVE ANYTHING, THEY ARE NOT HIS KIDS.

THOSE ARE ARNIE KLEIN'S KIDS.

THOSE KIDS ARE NOT A JACKSON

CaliGirlTex said...

What? White men not giving white kids money? This is news!

Anonymous said...

@6:53 those kids are his pure and simple and it kills you. It burns they are rich and carry the name of the King of Pop. The BLACK KING.

Anonymous said...

1:15 Don't limit him. King of Music. He appealed to all races. Just King will suffice. Or better yet, as he would have it, servant would be more appropriate. Keep in mind of how humble this man was.
MJ King of Music

Anonymous said...

11:45 what trusted friends??? The whole point was Michael had no one he could trust. Not his leeching brothers and sisters. Not even his own daddy! You see how Diana Ross acted during his trial and after his death and he loved and adored her until he died. You give your will to your lawyer and that's that.
11:50 wanted to be white? Happy trolling. He had vitiligo. I'm getting tired of explaining this to idiots so google the term. It was confirmed by his doctors decades ago and reconfirmed on autopsy.

Anonymous said...

9:25 THANK YOU!

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