Home : Michael Jackson : Michael Jackson -- Who Gets What

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

Comments [205]
SHARE |
4ie6

Relevant Posts

Reader Comments

(Page 4 of 14) Previous 15 Comments | 2 | 3 | 4 | 5 | 6 | Most Recent | Next 15 Comments

46. I read that the entire thing was going to the kids! WTF? One min. Rowe doesn't want the kids the next min. she does., one min. she's not their real mom and she's admitted it, the next min. she does another interview and says that she is. One min. their's a viewing the next min. it's called off. Next came the fake autopsy and the secret lover and drug claims! I don't know what source to believe anymore. What a big media circus!

Posted at 7:29PM on Jul 2nd 2009 by oh my

47. The kids should have gotten more. What does Mom need it for? She never worked a day in her life.

Posted at 7:24PM on Jul 2nd 2009 by BS

48. NEWSFLASH>>>>

The cause of death has been determined..it was food poisoning. Doctors found a three-year old weiner in Michael's mouth!!!

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

49. i am pretty sure that joe and katherine are divorced...it is my understanding that she resides in CA and he lives in NV...please get your info correct....also the first time he thought it would be better to pay the family off, the second time he did go to court and was found not guilty. also in the first case the mother said that the boy told her it never happened and maintained that story, and the boy has recently said that he lied and his father made him....i think MJ was too trusting.....i just think it is odd that in all those years of kids visiting him and people visting neverland the police could only find one boy to accuse MJ of something....im not counting the 05 "victim" at all as his claims were ridiculous, and his family was known con artist......

Posted at 7:25PM on Jul 2nd 2009 by afoy550

50. darryl,

I'm shockewd at your accusation! Everyone knows he choked on a couple of small nuts!

Posted at 7:27PM on Jul 2nd 2009 by thinkaboutit

51. They speaking about Jackson's family or lawyer should go after the reporters dimon and bashir for the abusive and reckless accusations they portrayed against Micheal.
They shattered him,used him,and let him down.
All for money all for ratings nothing else.
It is a travesty of justice to let them get away with this.
He did what he was to do
Got dragged to court he was cleared.
But in reality Micheal lost.
That's not right and is not fair in any case.
They are the terrorists and it should be justified.
They were allowed to get away with their wrongs.
People like that create the havoc in society.
I felt abuse as that on a smaller scale in my younger life it is not fair
nor is it funny it is sad and disgraceful in all accounts .
I want to see justice served period !!!
R I P M.J.
FROM THE MAN IN THE MIRROR
YOU ARE NOT ALONE

Posted at 7:27PM on Jul 2nd 2009 by Tom

52. NEWSFLASH>>>>

The cause of death has been determined..it was food poisoning. Doctors found a three-year old weiner in Michael's mouth!!!

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

GOLD!!!

Posted at 7:28PM on Jul 2nd 2009 by Not surprised

53. I thought he was going to be cryogenically frozen to be the King of PopSicle!

I heard they were going the melt his plastic parts into Legos so kids could still play with him.

No wait, he's going to be cremated and have his ashes put into Etch-A-Sketches so little boys can twiddle his knobs!

Posted at 7:29PM on Jul 2nd 2009 by thinkaboutit

54. 38. 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

________________________________________________________

Inheritance is NOT community property.
It is Katherine's and hers only !

Posted at 7:30PM on Jul 2nd 2009 by SABEL

55. Don't forget women generally outlive men. More than likely Katherine will out live Joe. And she may will her portion of the trust back to his children and/or her other grandchildren. Michael obviously had trust in her judgement to leave her with that amount. She may have been in the background all these years but now she has the power.

Posted at 7:31PM on Jul 2nd 2009 by Lori

56. IM SO GLAD JOE IS NOT GETTING NOTHING!!!!!!!!!
HIS MOM IS GETTING 40% GOOD FOR MICHAEL FOR THINKING OF HIS MOM AND KIDS,
GOOD BLESS YOU



Posted at 7:26PM on Jul 2nd 2009 by ANABEL GARICIA-VALLE

Can anyone tell me what she just said?

Posted at 7:31PM on Jul 2nd 2009 by Huh?

57. ::I am horrified that he left only 40% for the kids. Now that horrible old man will get the rest after Katherine dies::

Wow, some people are so lame. Never satisfied with anything. That is a massively generous will, and depending on how much he still has, that's a LOT of money. Not to mention, he left his kids over 200 songs that will be worth hundreds of millions of dollars whenever they want to sell it. Joe is older than Katherine and probably won't outlive her (hopefully) and either way, they don't even live together so I'm not sure I see the point. I'm amused no one mentioned anything about the 20% left to charity, but that's just typical of posters who just want to be negative.

Posted at 7:33PM on Jul 2nd 2009 by Zoe

58. All of you and the pedi crap! NOT GUILTY PEOPLE DO NOT BUY PEOPLE OFF

WELL.....
PARENTS OF VICTIMS DO NOT ACCEPT BUY OFFS!
Those parents knew where they were sending their kids and thought MONEY! I would never leave my kids alone for a sleepover ANYWHERE! Lets not forget the millions he gave to starving children in his life and now still after his death! Let the man be appreciated

Posted at 7:33PM on Jul 2nd 2009 by Get over it

59. i dont argue with the micheal jackson crazy nutjob fanbase. they are all mentally retarded anyway what is the point of arguing with dumbnuts who justify the unjustifiable just because their god is doing it.?its been reported in the uk media outlets that twelve of them have comitted sucide so far... complete nutters all of them.its one thing to appreciate the music which i grew up with being the same age as jackson was... , its another thing wanting to die because of his own tragic situation..it doesnt make any sense.. this was an entertainer not the second coming of christ !!!We all saw some of these wonders when jackson was arraigned..( i wonder how much of those drugs he was on during the trial?. )i for one felt anger towards jackson for the kids, the behaviour and the skin lightening , all of these things put his music on the back burner with many of my generation who actually remember him as a cute kid and a handsome young black man.. its damning that someone who looked so lovely chose to destroy himself because of his own body issues and joe jacksons taunting . yep, the whole family has got a whole heep of issues that money cant buy off.. well, the cash cow has been laid to rest and i bet that lot will be milking it till the last drop.. who's betting on a jackson five reunion tour with janet taking up the space left by micheal ??.

Posted at 7:33PM on Jul 2nd 2009 by mentalasylum

60. Please he knew Joe can't provide for her...Joe had a child with someone else!

Posted at 7:35PM on Jul 2nd 2009 by Gladys

Previous 15 Comments | 2 | 3 | 4 | 5 | 6 | Most Recent | Next 15 Comments