Michael Jackson Estate Goes to the Kids
Written By: Sam on October 14, 2009
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It was originally reported that Katherine Jackson will receive 40 percent of son Michael Jackson’s estate with 40 percent going to the late singer’s children and 20 percent going to charity. However, it is ultimately up to the trustees to decide the amount of money to go to the beneficiaries. Regardless of not receiving her whole share from the get go, Katherine has plenty of cash as she’s getting a large allowance at the moment and once the trust is active, she will receive more. Whatever remains in her trust at the time of her death will automatically go to the King of Pop’s kids.
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Tags: Allowance, Charity, Estate, Katherine Jackson, Michael Jackson, Pop, singer, Trust
