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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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46.

nan    

on another ..jus*****ched his brother jermaine sell him out for a few coins on nightline....
how jealous of a brothers success can you be that in at least twenty years. you have not forged your own fate and moved on with your life...
my prayers are for michaels children because in some unfortunate way ,his naming his mother ..was like forgiving what that family did to him......as if he had paid the price and they had learned something....unfortunately..they are still using him....
they cant find their way to wm weagener but to tagloid types for cashing out on their own brother .

1102 days ago
47.

Raw Shoshanna    

Judge! Please make it a condition of any payout to these leeches, that ALL of the claims against MJ & his estate have to be paid FIRST. (including the ones falsely dismissed). And make it a condition that Tito, Jermaine, Randy, & Papa Joe all have to go out & get jobs & remain gainfully employed (not sponging off MJ's kids)for a period of one year.

1102 days ago
48.

kim    

Great posts Nan. You hit the nail on the head on both of them.

1102 days ago
49.

Woody McBrreairty    

These kids will end up being billionaires - no doubt about it - this is an income from a bottomless pit.

1102 days ago
50.

Silly Business    

EGADS...one space after a period!

1102 days ago
51.

Biggi    

plus the 100.000 $ donation from Global Live Events! WOW!
Oh Michael, wish you were here!

1102 days ago
52.

susanne    

I would expect the estate to have done this on a regular basis since they started operating.
People should stop bashing the kids. MJ is the only dad they knew. They were his life.
It is sad to read about the Hayvenhurst, but may be it is hard for Katherine to endure memories. Moms love their children forever and are deeply hurt when bad things happen to them.

http://www.youtube.com/watch?v=x_15tALSO5M

1102 days ago
53.

susanne    

I see that talk that fans spend money to buy everything MJ. The thing is, this is their cash and they can spend it in a way they like. Some probably want to celebrate the art of a truly talented performer. These people don't come arounf very often.

1102 days ago
54.

eddie     

Gsharon 710: 7 hours ago

I guess someone is getting too close to the true thieves, and they are running scared. They scored nothing. Clever...bring back stolen money and make questions and investigations stop, while they live the life MJJ planned for his love ones.
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I agree with you 100%!! "And they are still Stealing untolded MILLIONS from MJ'S Billion... Dollar Estate"! (IMO)

1102 days ago
55.

kr    

they made 310 MILLION off of their dad and they want to generously give only 30 back and keep 280 for themselves?? Uh.. these lawyers are such arseholes

1102 days ago
56.

Janar    

jemma: 5 hours ago

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.
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Whether people, and not only his fans, want to believe it or not, you are definitely RIGHT. Eventhough I am a black Michael Jackson fan, it is only because, bottom line at the end of the day, Michael Jackson was the biggest black icon ever. And his legacy on that note ONLY, deserves to be supported by blacks. Not the personal part of his life where he clearly kicked us to the curb while trying to appease the white media in every way including his marriages, and his children.

1102 days ago
57.

YeahISaidItSoWhat?    

It's real easy to see that "Jenna" is a jealous white racist absolute nobody who is full of resentment. Anybody who uses venom like "coon" is a straight-up bigot who's ignorance is beyond measure. Who cares if you don't buy this, or won't support that? You're a little nothing who's opinion really and truly doesn't amount to spit. What you really need is some long, thick pipe laid deep up inside so you can get all that pent up frustration out and relax.

1102 days ago
58.

Janar    

mj fan forever: 7 hours ago

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!!!
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What is this? This makes no sense!!! Learn to speak English PLEASE! If the new house is for her, where are the children going to live? Duh! C'mon now!

1102 days ago
60.

Siggisis    

That is good news. The kids deserve the best, and the fact that Katherine wants to puchase the estate they are currently living at must mean that they are thriving there. Good. Those kids need stability.

1102 days ago
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