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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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32.

mddiva35    

Why do they need to 'fund' the trust fund? Haven't they been 'funding' it since the beginning? And why $30 million when they have made over $310 million? Where is the rest of the money going?

1081 days ago
33.

nan    

no surprise there , that those children will be some very rich children..I am sure they will be the same caliber of humanitarian their father was..i wish them every success in life and love

1081 days ago
34.

Eleonora49    

Oh my goodness how can people so horrible??To Mrs Jackson poor Lady had Polio as a Child. Shes probably been on disabilety or partially and raised all her children and worked at Sears and had to catch the Bus late at night after work.Then You all are so mean and nasty to some poor little children just cause they have some Money from their poor dead Father.The Children are Beautiful and nice !!Whats wrong with you all ??Why are you all sooooo jealous ??Never ever saw so many mean bunch of people in one spot sitting there just like a big old Spider.

1081 days ago
35.

Raejean    

Guess Katherine doesn't have quite so many complaints against the Estate lawyers now, huh?

Hope that Katherine, Janet, and the lawyers are all set with a plan to finish raising the kids (and protect the money from the family vultures-you know who they are) should grandma die within the next decade.

1081 days ago
36.

Eleonora49    

I fly with you my love over the moon into heaven way above.Stars to guide us to the end of the world.Your arms held me with such a love I cant describe my feeling for you.I could hear the the angels singing over the moon to us a song for us with such a love.Tightly we held on tight the wind blew through wildly through our hair my love.A kiss sealed our bond over the clouds to the round glowing moon.Covered in shimmering stars the sky at night.Up up we went to escape feel the wind feel our love. We saw the earth from way above.The oceans the land the homes where people lived.We send a kiss down to Earth you send your love from way above my ever so Love! Michael jackson my forever Love

1081 days ago
37.

Eleonora49    

People live a lot longer now than ever before. Here were I live we have senors in their 99 years old. They are faster and more alert than some 20 year olds I meet.We had a lady here she became to be 124 years old.We are expected to live to 110 Years.Now Mrs jackson will not die soon the children will be all grown up. I work at the Airport and meet alot of people all day long. A lot of High executives are very very old but they look a lot better than the new generation I noticed and they are nicer too than the young ones that look stressed and over worked.

1081 days ago
39.

Eleonora49    

Heavenly voices singing us a song of love. A gift a gift to us.The world of earthly children.Imagining waking up and being a child again.SEEING THE WORLD WITH THE EYES OF A SMALL CHILD. HOW BEAUTIFUL AND WONDEROUS IT WOULD LOOK. A magic dream.Heaventy voices singing to us a song of love a gift to us.How nice it would be don't have to rush to work, just dream laying in the grass and looking into the sky to the clouds.How nice it would be to put our feet into a cold spring and wiggle our toes in the clear water.Heavenly voices singing us a song of love. How nice it could be to be a child again!!Too Bad its just a short dream back to reality, work and bills and oh How nice it could be to be a child again.Heavenly Voices singing us a song..........So you all STOP picking on CHILDREN!!(including Michael's Paris,Prince,Blanket.)

1081 days ago
40.

maria    

I am confused ,sometimes the news said Michael was broke ,he owes a lot of money ,the money is gone blah blah now his mother is rich wanting to buy a new house .....in Calabazas where Oprah and the Kardashians live ......wich is the true is making money now that he is dead?

1081 days ago
41.

nan    

Michael Jackson was not broke..he was being robbed by people who were giving him loans at exorbitant rates to break his back to get his assets..he always wore the same clothes and beat up loafers off stage..was very humble.....the money was being stolen by handlers ,Sony, some supposedly caring friends like the spoon bender and lets not forget tom sneddon and henchmen on this thing..and yes..sneddon reputation will be under scrutiny ......... that of a corrupt,bigoted distinct atty..... the f.b.i. files and court transcripts are on line..what a complete disgrace to his office ..
i believe their is a federal level investigation started by the atty general on mr sneddons actions..

michael jackson was vindicated in a court of law...... but people of influence . meaning the media..... gave the general public the opposite information..
well..those few are definitely losing ground as you might even notice on this site..the general public or what was the silent majority is speaking up,,if you want to slander the man ..you had best have the evidence to back it up these days.

1081 days ago
42.

stinky mcgee    

YAY!!!! Now the boys can afford haircuts..........

1081 days ago
43.

JugEars McKenyan Sr..    

Maybe Michael's own kids shot him up with propyphol so he would quit blowing their inheritance!!

In all seriousness, it shows how much money that man just whizzzed away.

1081 days ago
44.

Rogue Warrior    

Mean while, MJ is laughing down on them, saying "so what,I SCORED over 50 little boys during MY lifetime"!

1081 days ago
45.

Rogue Warrior    

Mean while, MJ is laughing down on them, saying "so what,I SCORED over 50 little boys during MY lifetime"!

1081 days ago
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