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Michael Jackson -- Who Gets What

Posted Jul 2nd 2009 6:35PM by TMZ Staff

Michael JacksonWe've learned who's getting what in Michael Jackson's trust. Here's how it breaks down.

Katherine Jackson will get 40% of the assets.
Michael's 3 kids will get another 40%.
And the remaining 20% goes to several children's charities. We're told the charities have not been designated yet and are not specified in the trust.

We've also learned the California Attorney General is filing legal papers right now in the probate case -- the docs relate to the charitable gifts. The A.G. regulates charities in California.

A lawyer for the A.G.'s office will be in court at the next hearing.

Tags: michael jackson, michael jacksons trust, MichaelJackson, MichaelJacksonsTrust, will

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31. Joe should get the kids' 40 %He is blood but those kids aren't blood. Debbie should get her white kids and hopefully they won't get a dime too.

Posted at 7:07PM on Jul 2nd 2009 by Garyisawuss

32. lol. im exstatic Joe gets NADA!

Posted at 7:06PM on Jul 2nd 2009 by Lisa

33. R.I.P. Michael Jackson Romania cry for you

Posted at 7:08PM on Jul 2nd 2009 by Reea

34.
if tear could build a stairway
and heart aches could build a lane
id walk right up to heaven
and bring you back again

R.i.P. MICHAEL

Posted at 7:08PM on Jul 2nd 2009 by FLUFFY

35. His idiot mother who should have enough of her own damn money at this point in her life gets 40% and his 3 kids have to split 40%??? How ridiculous!!!

Posted at 7:09PM on Jul 2nd 2009 by Melissa

36. WAY TO GO MICHAEL!!!!!!!!!!!!!!!!!!
I HOPE YOUR MOM WILL NOT GIVE ANYTHING TO JOE

Posted at 7:11PM on Jul 2nd 2009 by AGV

37. What about his black nieces and nephews? They should be first in life before his "bought" white children.

Posted at 7:10PM on Jul 2nd 2009 by Garyisawuss

38. Hey the man was an Idiot and he was also Gay......He's not going to think but so smart......That should explain it all..Plus look at the stupid Family he came from.....

Posted at 7:15PM on Jul 2nd 2009 by chewink

39. katherine's 40% go to the kids when she dies
michael didn't give his brothers or sisters anything either

Posted at 7:28PM on Jul 2nd 2009 by jeannioe

40. what was the point of giving an old woman who could peg it any time 40% and the care of those kids? white kids i might add who need to be close their own culture they are not black kids so how do they relate to the jackson family who have issues anyway about their skin tones what with the endless bleaching and terrible surgery most of them have done... its amazing just what money does to the human mind.. it mainly empties it of all common sense..WE ALL KNOW JOE JACKSON IS IN THE MONEY.. cos he still will have CONTROL THRU HIS WIFE... i feel a bit sorry for jackson now.. no wonder he went bizzaro with the all white family that he never officially adopted!!??? he hated his father SO MUCH that the thought of bringing another person into the world WITH JOE JACKSON'S DNA must have been too terrible to bear...BUT IN THE END JOE WILL GET THE MONEY... because anyone who has charge of the children, has charge of the monies... full stop.

Posted at 7:19PM on Jul 2nd 2009 by mentalasylum

41. They (Joe and Katherine) were married in California and are still married today. California law is 50/50, therefore he really wasn't left out. Michael disliked him so much he didn't want to utter his name. Can't say I blame him.

Posted at 7:20PM on Jul 2nd 2009 by carolinarivercricket

42. lets say that he isn't biologically the kids fatherhe has still raised them from birht, similar to adoptive parents...are you saying that adopted children should get nothing, when the parents die.?...you are a moron! and what does race have to do with anything.....why would the neices and nephews be first in line, they don't have jobs and or their own parents...im sorry that the rest of the clan never made rpovisions for themsleves, but it is time to grow the hell up. MJ is dead and gone and won't be supporting people anymore....also i am glad that katherine can't leave her stuff to joe in death, it goes back to the kids...woohooo i can not stand joe jackson....he was abusive and everyone knows it....and for the last time MJ did not molest anyone!!!!!!!

Posted at 7:25PM on Jul 2nd 2009 by Afoy

43. I am horrified that he left only 40% for the kids. Now that horrible old man will get the rest after Katherine dies
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I'm sure that the conditions of the will specify that upon her death her 40% will revert back to the Trust and his surviving children. An inheritance is not community property unless it is intermingled into the marital accounts which these monies will not be since they are being distributed from a Trust. He will however, be eligible to receive whatever Katherine leaves in the bank.

Posted at 7:20PM on Jul 2nd 2009 by facingrealit

44. TMZ is no longer celebrity gossip & info..its all about the Jacksons these days..

Posted at 2:25PM on Jul 5th 2009 by Jenny

45. i feel bad that he is dead but u need proof to find what is what and who gets what. right?

Posted at 7:23PM on Jul 2nd 2009 by hayley

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