Jermaine Jackson's Estranged Wife Wants Half Their Michaels in Divorce

Jermaine Jackson's estranged wife is making a list -- and checking it twice, we're sure -- to make sure she gets half their stuff, and she's especially eyeing two fancy Michael Jackson paintings.

Halima Rashid's divorce docs include a list of assets the couple amassed during 11 years of marriage. There's little stuff, like an Apple TV receiver and flower pots, and plenty of big ticket items too ... like the MJ portraits, entitled "Abstract" and "Sofa."

She doesn't include the current value of the paintings, but only because she hasn't had them appraised yet. As for vehicles -- she says their Ferrari and Jeep are worth about $133k, and she wants her cut.