From FemaleFirst · · 1m 10s
Paris Jackson seeks $600m trust release
Paris Jackson demands court order to release $600m from Michael Jackson's estate trust.
In brief
Paris Jackson demands court order to release $600m from Michael Jackson's estate trust. Paris Jackson requested $600 million be transferred to her family trust after over 17 years since Michael Jackson's death. Originally reported by FemaleFirst.
Paris Jackson requests trust funds
Paris Jackson has requested $600 million be released to a family trust set up to benefit her and her brothers.
Trust funding delayed
The Michael Jackson Family Trust has not received its funding despite the singer's death in 2009.
Trust terms not followed
Paris argued the trust terms were supposed to begin payments when siblings turned 21, but have not been executed.
Estate claims over $1bn generated
The estate claims over $1 billion has been generated since Michael Jackson's death through deals including EMI Music Publishing and Neverland Ranch sales.
Estate accounting shows $850m
An estate accounting shows approximately $850 million in cash and cash-equivalent assets as of December 2024.
Estate disputes funding claims
The estate insists they cannot fully fund the trusts until legal matters are resolved, including IRS tax disputes.
What to remember
Paris Jackson requested $600 million be transferred to her family trust after over 17 years since Michael Jackson's death.
