Paris Jackson Petitions for $600M From Late Father Michael Jackson’s Estate
Paris Jackson says $600 million remains available for distribution and asks the court to cut executor pay over missed reporting deadlines.
- On Tuesday, Paris Jackson petitioned Los Angeles Superior Court to release $600 million to a family trust benefiting her and her two brothers, Prince and Bigi.
- The filing accuses estate executor John Branca of maintaining an 'iron grip' over the siblings, alleging a 'longstanding refusal' to provide required financial reporting over nearly a decade.
- Paris estimates that approximately $600 million remains available for distribution after accounting for liabilities, arguing the family trust intended to support the siblings since age 21 remains unfunded.
- A spokesperson for the Michael Jackson Estate dismissed the motion as 'completely without merit,' citing ongoing IRS litigation seeking $700 million in taxes as preventing full funding.
- The matter proceeds to a December 4 hearing as the latest development in ongoing disputes over the estate, valued between $2 billion and $3 billion.
13 Articles
13 Articles
Why Paris Jackson is seeking $600 million from Michael Jackson’s estate nearly 17 years after his death
Paris Jackson has filed a petition for a $600 million transfer to the Michael Jackson Family Trust. She claims that the estate's executors have not followed the distribution schedule set in Jackson's will. Legal disputes have prevented the full funding of the trust and reduced payments to beneficiaries. The estate representatives deny Paris's allegations and note that over $200 million has been distributed thus far.
[OSEN=SUNMIKYUNG Journalist] 17 years after the death of world-famous pop star Michael Jackson, a legal dispute over the inheritance began. On the 2nd (local time), the daughter of the late Michael Jackson, Paris Jackson, the daughter of the late Michael Jackson, demanded 600 million dollars (approximately 804 billion won in Hanwha) from her father's estate and prevented children from receiving inheritance payments.
PARIS Jackson is asking her father's foundation to transfer $600 million to the family fund.
Why Paris Jackson Is Seeking $600 Million From Her Father's Estate
HighlightsParis Jackson has asked a Los Angeles judge to order Michael Jackson’s estate to transfer £447 million to a family trust for her and her two brothers.She claims the trust has remained unfunded for more than 17 years, despite the estate generating billions of dollars since the singer’s death in 2009.The estate says outstanding legal matters, including a dispute with the US Internal Revenue Service (IRS), must be resolved before the trus…
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
