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Katherine Jackson Won't Inherit MJ's Estate

10/12/2009 11:50 AM PDT BY TMZ STAFF

TMZ has learned Michael Jackson intended to provide for his mother during her lifetime, but once she dies her share of the estate will go directly to MJ's three kids.

Katherine Jackson Michael Jackson

As we first reported, under the trust, 40% of Michael's estate goes to Katherine. The kids get 40% and the remaining 20% goes to charity. But we've learned ... Katherine Jackson will not get 40% outright.

The trustees -- John Branca and John McClain -- decide what money should go to the beneficiaries. Katherine has no voice in those decisions. Whatever remains in Katherine's trust when she dies goes directly to the children.

Bottom line -- Katherine will get a healthy stipend for the rest of her life ... now she's getting a hefty allowance and when the trust kicks in she'll probably get more. But she will not inherit 40% of her son's estate.

343 COMMENTS

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1.

MsMeowzers    

Sounds reasonable to me.

1787 days ago
2.

Ada    

beautiful

1787 days ago
3.

Vanesa    

Well done, nothing for JOE hahahaha, well done MJ!!

1787 days ago
4.

Sheila    

Wow! Now things are starting to make a lot more sense...

1787 days ago
5.

Kent    


This makes lots of sense, since his share of Sony/ATV was in a living trust prior to his death (in the name of him and his children).

1787 days ago
6.

moonwalker    

Damn TMZ, you guys can't post anything more important about the Jacksons besides their finances? At least Katherine is getting something. It's alot better than nothing. So what if she doesn't inherit the estate. The kids are the best people to have it. This wasn't even worth posting. Next time post something about what's gonna happen to the doctors that murdered MJ.

1787 days ago
7.

Jill    

Those poor kids will be the victims of hangers on just like their father was.

1787 days ago
8.

Michelle    

What a F..en Joke he wanted his mother to be taken care of and these two duche bags decied what money goes where? they only giving her $26,000 a month that house seems pretty big to me a lot more than 26,000.. they should be a shamed what are they doing with the rest of the money...something dose not seem right about the two of them.. yes they are bringing in money but how much stays in? this is why they wont let her have a seat hell no Mrs .Jackson get ur seat and know what kind of people ur son was always worried about I bet Michael would have changed it.. if he knoew what was taking place... since they have the final decison why not let her be in the loop.. she has every right....and it's for this reason right here that make's me wonder what's really taking place...she wonte get 40% well she better have enought to take care of that big as house....I hope Mrs Jackson gets her seat and finds out what really going on....since they are real quick to say noithing is taking place why can't she have a seat? there just Might be more than what Tmz is reporting..since we all know they have something against Michael..I know I am not the only one to see this...

1787 days ago
9.

whats up Doctors    

When Katherine passes, I believe the 40% should go to whomever she wills it to excluding Joe The Devil Jackson. It was hers but Michael covered all bases to keep it away from Joe.Good going

1787 days ago
10.

Adi    

awww Jermaine and Joe must be pissed they can't get anything after Katherine dies lol

1787 days ago
11.

Paparazzo@frog.cc    

Good! Joe and the Jackson family will never get anything!

1787 days ago
12.

moonwalker    

9. What a F..en Joke he wanted his mother to be taken care of and these two duche bags decied what money goes where? they only giving her $26,000 a month that house seems pretty big to me a lot more than 26,000.. they should be a shamed what are they doing with the rest of the money...something dose not seem right about the two of them.. yes they are bringing in money but how much stays in? this is why they wont let her have a seat hell no Mrs .Jackson get ur seat and know what kind of people ur son was always worried about I bet Michael would have changed it.. if he knoew what was taking place... since they have the final decison why not let her be in the loop.. she has every right....and it's for this reason right here that make's me wonder what's really taking place...she wonte get 40% well she better have enought to take care of that big as house....I hope Mrs Jackson gets her seat and finds out what really going on....since they are real quick to say noithing is taking place why can't she have a seat? there just Might be more than what Tmz is reporting..since we all know they have something against Michael..I know I am not the only one to see this...

Posted at 12:57AM on Oct 12th 2009 by Michelle

I totally agree Michelle. That doesn't sound right at all. After all, she is the mother and should be entitled to everything her son had. Like you said, maybe there is more to this story than what tmz is saying. They will post each and every little thing about MJ just to keep people coming here. This probably is a load of crap. I don't know if you saw a posting on here a few weeks back about Richard Pryor's kids. Someone didn't tell them that he left them a trust fund. Now how dirty is that? This MJ thing like the exact situation as well. But like you said, we'll find out the real truth.



1787 days ago
13.

Rowan    

Michael was very smart about this. He knew his siblings and his father would go after that 40% of his estate nad he wants them to get none. They've been riding his money train for far too long. His mother is well taken care of so @Michelle (#10) doesn't know what she's talking about. That house does not have expenses of more then $26,000/mo. Hell, that includes spending thousands on clothes and hair care for his mother each month. No one needs that much each month, but he's taking care of his mother and children properly. If his family rebels about this then we know they don't care about his kids, just his money.

1787 days ago
14.

sandy    

Weekend at Bernies lol,I can see it now.

1787 days ago
15.

Hypocrites    

Good for the kids thats the way it should as those kids are MJ's next of kin not his mother!!!

1787 days ago
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