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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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Previous 15 Comments | 17 | 18 | 19 | 20 | 21 | 22 | 23
331.

Jay    

**#10** Michelle. LEAVE TMZ ALONE..They always report the facts. Also, if you have more than they do, call them and let them know.

***FURTHER, READ PAST POST, THAT JACKSON MAMA DOES NOT PAY FOR THAT HOUSE, AT ALL. THAT IS MICHAEL'S HOUSE, SO THEREFORE THAT'S HIS ESTATE'S RESPONSIBILITY. ALL KATHERINE SPENDS $26,000 A MONTH, PLUS THE KID'S 60,000 A MONTH ON IS THE NECESSITIES; LATOYA, REBBIE, MARLON, RANDY, JERMAINE'S (CHILD SUPPORT OBLIGATIONS) AND HIS ROLLS ROYCE, TITO'S (DEAD SINGING CAREER) JACKIE, AND JOE'S WHORE'S. READ WOMAN READ!!!!

1768 days ago
332.

Derek    

Keep in mind that it is the same 2 lawyers making decisions that just made the "SCREW-UP of the Century" Releasing "This Is IT" song without researching 2 major facts: #1 It was CO-WRITTEN by MJ and #2 WAS ALREADY RELEASED!! they just caused the estate to lose 1/2 of all the money made off MJ's first release since his death. THAT IS NOT LOOKING AFTER THE ESTATE AND MONEY VERY WELL. They couldnt have made a bigger mistake! That alone should get them fired!!

1768 days ago
333.

evej41    

now i see why the attorneys step back in i know why the will was worded the why it was i see why arnie klein is trying to mke out that he is the childrens father i see why debbie has step off she was instructed to i hope the jackson family mother has trusted security around her i see what the plot is now TMZ they will go after the mother next please you have to listen you have put the clue in the nose this was a plot for murder once all direct heirs are dead minors do not have control giving the ages they have to have someone to over see control of the estte and forking over fees to do so and everything thing else theysay they can charge to the estate they was after his catologs they murdered michael jackson oh my god i see the whole thing now and if no one else see what really happened you are blind

1768 days ago
334.

Sheena Derbyshire    

I am so pleased Michael's kids get all the money after Katherine dies..Why should Joe or any of Michael's siblings benefit from his death ...He gave enough to them when he was alive ....WELL DONE MICHAEL...Love and miss you so much it hurts..xxx

1745 days ago
335.

mary    

the one that really matters is micheal jacksons children. too many relatives believe they are supposed to reap some reward after a death. nothing should be spent except to keep the children in the style to which they have become accustomed. the children are his closest family, the loves of his life, his legacy. the world needs to keep a close eye on the well being of micheal jacksons children.

1745 days ago
336.

bebefj123    

I hope she saves most of it and wills it to whoever she wants. Those lawyers are bogus. If MJ said 40% then that is what he means. How can it not be 40% for her but 40% for the kids when he sadi the same for both? Dont make sense. these guys are getting away with highway robbery and California is so corrupt, it just yawns at it.

1543 days ago
337.

bebefj123    

I hope she saves most of it and wills it to whoever she wants. Those lawyers are bogus. If MJ said 40% then that is what he means. How can it not be 40% for her but 40% for the kids when he sadi the same for both? Dont make sense. these guys are getting away with highway robbery and California is so corrupt, it just yawns at it.

1543 days ago
338.

bebefj123    

I hope she lives to be 120 years old. I pray that the truth comes out from the dark about this entire MJ situation. God is exposing corruption more than ever these days and this will be no exception. I have to make sure my will is iron clad without all these holes and BS. 40% is 40% and not until she dies, that same 40% goes to whoever she chooses. If this is a conspiracy because of the catalogs, then I feel this is the same scenario with Anna nicole Smith. I do not think her son took drugs, I think he was giving drugs disguised in something to kill him off and then Anna for the money. Something just does not sound right to me about MJ will. Seems since he also named Diana Ross to keep the kids in case his mother could nt, wouldnt he have made provision fo the back up person also if that would be the case. I really dont think this is the correct will and everyone is overlooking the claims that MJ was not in town the date they say it was signed and other lies. Joe needs to take this to the supreme court somewhere because justice is not being served here.

1543 days ago
339.

Rosemary_S.    

I'm very glad Michael did not leave anything for his siblings. It's not his obligations to take care of them. I'm glad he's taking care of katherine, but I also have mixed feelings about it as well. MJ's brother's know how to get money from her as well as Joseph. I can't believe Joseph talked about his record label shortly after Michael died. Joseph did introduce the Jacksonb 5, but Michael got famous in his own right with Off the Wall & Thriller. Don't get me started on Jermaine. His ex-wife (also Randy's ex-wife), his son, and a sister from Islam live live at Havenhurst. Why doesn't the ex-wife get a place of her own. Jermaine was taken to court not to long ago because he wasn't paying child support. I also heard from someone over seas that Jermaine said that when he has more children he will raise them up as Islam. I feel sorry for his current wife. Once she has kids I wonder how long that marriage will last. As for Lisa; why is she able to visit Michael's grave and not the mother of two of his kids. Lisa lied to Michael about getting pregnant right after getting married and was on the pill so she wouldn't. And there's Debbie who gave him what he always wanted --- Children. I do understand the court system. I'm guardian to my mother and I have to keep all receipts for the court to show them where my mother's money is going. I wonder if Katherine is doing that?

1543 days ago
340.

Tangerine    

Cool....I think.....but I also think something "fishy" is going on with Sony/ATV and these lawyers. That money is, after all, JACKSON money and it SHOULD go to The Jacksons whether they made it directly or indirectly. I don't know, this may too much pressure for his 3 children. I hope somebody like Donald Trump is their godfather and can school them on life and leeches!

1542 days ago
341.

Angie    

Mike made sure that his father and siblings won't get any of his money..

1528 days ago
342.

dominque    

I do not trust john blanca and the other man who is in charge of mj's estate. That will is fake and they know it.
Mj children should get everything and the truth will come out that AEg, sony and all the rest of those ganstas are behind Mj's death.

1528 days ago
343.

zaiger    

I'm glad that Michael decided to give that 20% charity to child victims of sexual abuse. It is never too late to atone for past mistakes. Good job MJ.

1435 days ago
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