TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Jackson Family Upset Over MJ Charities

9/10/2009 9:45 AM PDT BY TMZ STAFF

 Michael JacksonMichael Jackson's family is upset over the charities that are supposed to get 20% of Michael's estate -- that's what family sources tell TMZ.

Here's the deal -- the family's concern is premature. No charities have been picked yet and no money will be donated for somewhere between 1 and 2 years.

Under the terms of the trust, Michael gave charities 20% of the value of his estate. Problem is -- no one knows how much the estate is worth and until it's determined, no money will go to any charity.

The creditor's claims are still being filed and we're told it will take between 1 and 2 years for the state and the probate judge to settle the creditor's claims and determine the net value of the estate.

As for who decides which charities get the 20% -- we've learned the trust provides for a committee of three people who will make that decision -- Katherine Jackson and co-executors John Branca and John McClain.

The trust doesn't specify how decisions are made if the committee is divided. It could be majority rule, it could be that each committee member gets to pick a certain number of charities or they could set other ground rules.

Go figure -- Michael Jackson didn't account for the possibility that people in his world might disagree.


Michael jackson Launch photos

140 COMMENTS

No Avatar

Previous 15 Comments | 3 | 4 | 5 | 6 | 7 | 8 | 9
121.

Randy    

Come on people there more going on in the world then MJ he it's a shame but he's gone time to move on. There been other great people that have pass and you don't hear a thing about them so enough is enough of MJ. One thing good came out of his passing little boys he knew are SAFE............ RIP MJ God Bless You... He will forgive..........

1765 days ago
122.

NicoleSann    

What is wrong with Michael's family! Why would they have a problem, with Michael giving some of his money to Charity. I really can't believe these people!

1765 days ago
123.

Sabria    

What a suprise!!
Such a money-minded family!!!!
Maybe it's craps, but i do believe it's all about money in this family!!!
Poor kids!!!!

1759 days ago
Previous 15 Comments | 3 | 4 | 5 | 6 | 7 | 8 | 9

Around The Web