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Michael Jackson Estate

Katherine and MJ's Kids to

Score $30 Million

9/13/2011 4:49 PM PDT BY TMZ STAFF

0913_jacksons_kids_getty_EX_2
A huge development in the Michael Jackson Estate case.  The Executors have done so well making money for the Estate since Jackson died, they want to fund the Michael Jackson Trust to the tune of $30 million for the benefit of Katherine Jackson and Michael's 3 kids.

TMZ has obtained court documents in which co-Executors John Branca and John McClain are asking the court's permission to fund the trust.  According to the docs, the Estate generated more than $310 million in gross revenues as of December 31, 2010 -- that's the latest accounting.

In addition to funding the trust, the Executors are asking the court's permission to sell the longtime family home on Hayvenhurst Avenue in Encino, CA.  According to the docs, Katherine wants to sell the house and, although no price is mentioned, the property was valued at $4,150,000 when Michael died.

The docs say Katherine wants the Estate to purchase another home and she's eying several properties, but we're told the home she really wants is the Calabasas house in which she and the kids are currently living.

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263 COMMENTS

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16.

kim    

This is good to hear. Michael's kids will be taken care of financially as was his wishes. Because it will be a long while before they can touch their part in their trust. Michael did well in setting the trust up the way he did. So sad though Katherine wants to sell Havenhurst. That was the family home, but maybe its sad for her. Dont know. I am sure Havenhurst doesn't matter to MJ3 because they never lived there until their father passed.

Love and miss you MJ

1052 days ago
17.

always    

I think what is sad is she is still married to Joe and she has sponged off MJ for years , her husband never supported her. If she had any back bone she would have made the playboy pay up. This family has no shame.

1052 days ago
18.

Rogue Warrior    

All you MJ fans, do actively contribute to the reintroduction of all pedophiles into society, or just MJ?????

1052 days ago
19.

Eddie    

It's kinda sad they will not be returning to Hayvenhurest! :-(

A lot of history there. I wonder how much it will sale for?

Michael did a great job in selecting the team he did to run the estate, I don't think anyone else could have pulled this off in such a short time...

1052 days ago
20.

Eddie    

It's kinda sad they will not be returning to Hayvenhurest! :-(

A lot of history there. I wonder how much it will sale for?

Michael did a great job in selecting the team he did to run the estate, I don't think anyone else could have pulled this off in such a short time...

1052 days ago
21.

kim    

Oh Well,

do you ever take a day off???? And you haters talk about the fans being fanatics. WOW.

1052 days ago
22.

jemma    

I refuse to support those kids. They are already filthy rich. I refuse to buy anything the estate puts out. They are laughing their white asses off and they are not even his damn children. Arnie Klein's children will not get my money. Even if I thought they were Michael's kids, I still would not support them. It is not my duty to fund millionaires and make them even richer.

1052 days ago
24.

Pegasus    

Jermaine Jackson On Joe’s Discipline, Plan To Smuggle Michael To Mid East & MoreJermaine Jackson On Joe’s Discipline, Plan To Smuggle Michael To Mid East & More
--------------------------------------------------------------------------------
Posted on Sep 13, 2011 @ 11:00AM print it send it By Radar Staff

From hearing a young Michael Jackson endure a beating from their disciplinarian father, to smuggling Michael out of the country, to staring at Michael's casket, Jermaine Jackson held nothing back in an emotional ABC News interview Tuesday in support of his new book, You Are Not Alone: Michael, Through a Brother's Eyes.

Jermaine said he was excited the first time he heard Jackson family patriarch Joe discipline the young King of Pop with a switch (a thin rod used for whipping) because he knew that behind the discipline, there was care.

“[Joe] wanted to show us, 'I care about you,’” Jermaine said during a preview which aired on Good Morning America. “Even if I have to whip your butt, I care about you.’”

PHOTOS: Michael Jackson Through The Years

He continued, "We wouldn't want to be raised any other way, with the way he raised us. It's hard raising nine kids, bringing them from Indiana out here ... that was his whole thing, to wanting to keep his family together."

In a soundbite sure to stir some controversy, Jermaine said he was fully prepared to smuggle his younger brother out of the country when he was accused of child molestation in 2004.

"We would have gone to the Middle East, to Bahrain, to Saudi," Jermaine said, noting he wasn't worried about running afoul of the law because authorities "wouldn't have caught me."

PHOTOS: Stars Who OD’d

"Why should he go to jail for something he didn't do?" he said of his brother, who was eventually acquitted of the charges in 2005.

Jermaine dug deep and discussed the moments following Michael's June 25, 2009 death in Holmby Hills, California.

"To hear my mother say, 'He's dead' -- to hear her say this -- I lost it. It couldn't be. It couldn't be. But when my mother said, 'He's dead,' I knew.

PHOTOS: Katherine Jackson Holds Memorial For King Of Pop In His Hometown

"And there he was, laying there," Jermaine said. "And La Toya was there before us. And he was lifeless. I touched his forehead, his face. And it was still soft. And I kissed him. And I pulled back his eyeballs to look in his eyes. And I just told him how much I love him and, 'I'm gonna miss you so much.'"

Watch the video on RadarOnline.com

Jermaine said to this day, he finds himself "saying, Michael, you're supposed to be here ... you have so many more years left on your life."

The entire piece will air on Tuesday's edition of Nightline at 11:35/10:35c; You Are Not Alone: Michael, Through a Brother's Eyes is in stores now.

1052 days ago
25.

kim    

Thanks for proving my point Ohwell. You are worse than a rabid fanatic. If their ever could be such a thing. LOL

1052 days ago
26.

@    

OMG, that woman is so greedy. What ever happened to the sister in law that was at the Havenhurst?

1052 days ago
27.

tellmeaboutit     

She'll need every cent of it. This family lived off Michael all of his life and will continue to do the same now that's he's gone.

1052 days ago
28.

jemma    

This greedy granny is pretending those 2 white and Latino kids are her blood so that she can cash in on them. Lying to the fans about those white children. They will not get a penny from me. It is a huge farce. Black kids were not good enough to inherit the estate of the biggest black icon ever. See the irony? Skin bleaching self hating freak did not want black children so he pays a white woman millions for Arnie Klein spawn.

Jacko was an idiot with his money, he had huge debts and the only reason he is making money now is because he is dead and his fans want a piece of him. The reason he is out of debt is because of fans, the same fans he lied to and made a fool of. His black fans have been had. MJ did not think you were good enough for him, but you still want to put money in the pockets of those white children. Jacko must be laughing his bleached @ss off at this. Congratulations, you are making Arnie Klein's children richer and richer every time you buy something put out by the estate.

1052 days ago
29.

Tyler    

Why is she getting something? Oh wait... never worked... Gold-diggers!

1052 days ago
30.

mj fan forever    

THE ESTATE IS DOING A GREAT JOB TO PRESERVE MICHAEL'S ASSETS, NOT BY CHANCE MICHAEL CHOSEN THEM TO MANAGE HIS ESTATE AND NOT GREEDY KATHERINE AND HER LAZY FAMILY WHO WOUD HAVE ALREADY SQUANDERED EVERYTHING!!! AND GREEDY UNNATURAL MOTHER KATHERINE JACKSON WILL EVER BE SATISFIED??? NO OF COURSE!!! SHE NOW WANTS/CLAIMS THE ESTATE BUYS HER (HER, NOT FOR MICHAEL'S CHILDREN) A NEW HOUSE TO PERMIT HER BIG FAT ASS TO CONTINUE TO LIVE IN THE LUXURY EVER MORE!!! SHE IS A BOTTOMLESS PIT WHEN IT COMES TO MONEY INDEED SHE ORGANIZED A SHAMEFUL SCAM SHE CALLS TRIBUTE INVOLVING MICHAEL'S CHIDREN AND SHE EVEN INVOLVED THEM IN THE DISGUSTING JOE'S BUSINESS TO BE SURE - HE WOULD BE HORRIFIED BY ALL THIS!!!! THEN SHE PUT IN PLACE ILLEGAL BUSINESS NOT APPROVED - OF COURSE!!! - BY THE ESTATE THAT SHE CALLS TRIBUTES TO BE SURE TO TAKE THE PISS OUT THE FANS BECAUSE SHE MUST BE SURE OF STEALING HOW MUCH SHE MORE CAN BEFORE DYING!!!! SHE REALLY IS WITHOUT NO SHAME!!!

1052 days ago
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