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Michael Jackson -- Who Gets What

7/2/2009 7:35 PM PDT 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.

170 COMMENTS

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46.

noyankhere    

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 ??.

1849 days ago
47.

Gladys    

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

1849 days ago
48.

who gives a shit    

WHAT!!!! I thought he loved his children? How can he give them 40% between the three of them and then 40% to Katherine? She doesn't need 40%-she's 79 years old and after taking care of these kids she won't last long, then where does her share go? This family is so sick and twisted! Wonder what charities he is giving 20%?

1849 days ago
49.

Zoe    

::michael didn't give his brothers or sisters anything either::

How much is he supposed to live to 8 siblings who have like 30 kids?! Even Michael Jackson didn't have the money to support his entire family, there are so many of them. The Jackson siblings are grown up and can make their own money. It's sweet he left it to his mom and to his kids, the people who clearly were there for him the most. Sorry, a lot of the Jacksons may be stepping forth now, but some of them have been pretty estranged from each other for a long time.

1849 days ago
50.

Akbar    

www.mikejackbaldhead.com

1849 days ago
51.

sternbo    

Just keep in mind that jackson still owns 50% of neverland ranch,my experience in real estate for 23 years and would say right now today the ranch is worth approx 400-500 million as is,most likely the partners,Jackson estate and Colony will have a big goldmine on there hands and even more so if jackson body is later transferred to this location where a tourists would flock to making this a billion dollar worth within 1 year,by the time the kids are adult they will have hundreds of millions each to live off.

1849 days ago
52.

sara    

his mom get % 40 of the revenues from the trust he created and when she dies her share goes back to his children
guys why are you so retard? does it take much to read carefully and understand . no wonder the americans have no reputation for being smart.

the man made sure his mama would need no one when he is gone , a great son if you ask me , but in your cultur where most of you bastards and son of bitches , only the sickos who talk ill of their mamas are worshiped

Bravo mj for donating 20 % of your money to charity, RIP mj.

1849 days ago
53.

thinkaboutit    

"Why can't you share your bed? The most loving thing to do is to share your bed with someone. It's very charming. It's very sweet. It's what the whole world should do." - Michael Jackson

Now if you believe that it's OK for a grown man to share a bed with a child that is not his relation, then send your children over to the nieghbor's tonight.

1849 days ago
54.

It's him for sure    

What do I get? Did Michael leave me anything too???

1849 days ago
55.

Ks    

Don't foreget the GREEDY lawyers.

1849 days ago
56.

Beulah    

I wanna adopt those kids now!!!!

1849 days ago
57.

noyankhere    

61. Just keep in mind that jackson still owns 50% of neverland ranch,my experience in real estate for 23 years and would say right now today the ranch is worth approx 400-500 million as is,most likely the partners,Jackson estate and Colony will have a big goldmine on there hands and even more so if jackson body is later transferred to this location where a tourists would flock to making this a billion dollar worth within 1 year,by the time the kids are adult they will have hundreds of millions each to live off.

Posted at 7:38PM on Jul 2nd 2009 by ej

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if you worked this out what do you think joe jackson is doing now??, licking his lips and rubbing his hands at the money the estate will generate from all this.. micheal is worth more dead than alive , just like elvis was all those yrs ago..the only reason they didnt bury him at neverlands is that the permits didnt come in on time.. but i think that he will end up there eventually.. that place will be a license to print money in the yrs to come..to be honest, i doubt if micheal ever stood a chance against his father... from day one.. that man has been such a bad influence on his life.. you can see the fact that all micheal is to joe is a money pot... now the pot is about to overflow and joe wants in on the action... any which way ...

1849 days ago
58.

the truth hurts huh    

Come on TMZ ..... no new postings on MJ in the last hour? Slackin' off over there, huh you guys???

1849 days ago
59.

awave    

I wonder why Joe & Katherine didn't try to get a conservatorship over Michael. Maybe if they had he would be alive. It was obvious to everyone that he had a drug problem.....maybe they should not be the ones raising MJ's kids since they didn't do such a great job with thier own....and didn't Diana Ross have some dui? Responsible adults anyone????
I bet a whole LOT of freak is going to come out in the custody trial & we will learn MJ didn't keep his end of the deal to allow deb rove to see her own children.

1849 days ago
60.

Joja86    

YOU PEOPLE ARE HORRIBLE... 40% is alot for those kids...more than most of you sitting here are making. Quick to talk ish before getting your facts together. How about you tune into CNN too and hear where Kahterine's 40% will go just in case she passes away...

His mom get % 40 and when she dies her share goes back to his children!!

RIP MICHAEL JACKSON. This proves your name will always stick around...these people who claim to hate you and don't give a ish stay in these threads

1849 days ago
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