Michael Jackson always paid his mother’s expenses, but the executors of his estate are not taking care of her in the manner that she is accustomed.
The details of Michael Jackson’s will were recently revealed and while his mother was supposed to receive 40% of the estate, they say she hasn’t received any of it yet and is forced to live off the money allotted monthly for the children. MICHAEL Jackson has left his children a multi-million dollar fortune – despite dying BROKE, we can reveal.
The three kids could even become BILLIONAIRES through the trust funds he set up in his will.
But Prince, now 13, Paris, 12, and Blanket, 8, will be at least 30 before they can get their own hands on the money.
Meanwhile Jacko’s mother Katherine is already entitled to $99m (£68m) from the legacy, which we can disclose for the first time.
The astonishing never-before-seen document shows the King of Pop left:
NOTHING to his ex-wives Debbie Rowe and Lisa Marie Presley
NOTHING to his brothers Jermaine, Jackie, Tito, Marlon and Randy.
NOTHING to sisters LaToya, Rebbie and Janet
NOTHING to his dad Joe and
NOTHING to his staff or closest friends.
CLICK HERE TO READ WILL IN FULL
There was concern, too, that Katherine has still not received her share.
“Katherine should be due her $99m now – and we are wondering why she hasn’t received that yet. The money is in the bank from the deals, and Michael’s orders are clear on the documents. As yet the estate administrators and Katherine have not even discussed this.
“There is much ill-feeling in the family over this, because for years Katherine has always relied on Michael’s money. As of today it is not around.
“The house needs improvements, security could be improved and Katherine would want to lavish money on her grandchildren and give to good causes.
The law and paperwork is on her side – and she has given up challenging the estate to get the money she deserves.”
Despite their paper windfall the Jackson children are paid a total of $81,000 a month to cover their living fees.