From TheWrap · Alyssa Ray · · 50s
Paris Jackson Seeks $600M From Estate Trust
Paris Jackson claims Michael Jackson’s family trust remains unfunded after 17 years.
In brief
Paris Jackson claims Michael Jackson’s family trust remains unfunded after 17 years. Paris Jackson petitioned a Los Angeles court to distribute $600 million from her father’s estate to the Michael Jackson Family Trust, arguing it has been unfunded for over 17 years. Originally reported by TheWrap.
Paris Jackson petitions court
Paris Jackson, daughter of Michael Jackson, petitioned a Los Angeles probate court to order $600 million from her father’s estate to the Michael Jackson Family Trust.
Trust remains unfunded for 17 years
The Michael Jackson Family Trust has not been funded since Michael Jackson’s death over 17 years ago, despite executors planning a distribution in 2011.
Executors lack funding plan
Executors have not presented a plan to fund the Michael Jackson Family Trust despite producing cash through debt restructuring and asset sales.
Here's the gist
Paris Jackson petitioned a Los Angeles court to distribute $600 million from her father’s estate to the Michael Jackson Family Trust, arguing it has been unfunded for over 17 years.
