As Jackie said one of the posting that Jackson's will be a surprise to alot of people and media. And indeed it is. I am not surprised by this. Despite Jackson's complex life, he was a smart and clever. By putting his asset in a trust, this will be differcult of the companies and individual that are currently or in the future suing Jackson of getting some money since Jackson had his assets set up in a trust. And I am sure that Jackson has somewhere in his will, hopefully he does, that if his mother passes that someone else will oversee her part of the trust. Rest assured Jackson's dad won't get a dime of any of the assets.
Michael Jackson -- Who Gets What
We've learned who's getting what in Michael Jackson's trust. Here's how it breaks down.Katherine Jackson will get 40% of the assets.Michael's 3 kids will get another 40%.And the remaining 20% goes to several children's charities.
We're told the charities have not been designated yet and are not specified in the trust.We've also learned the California Attorney General is filing legal papers right now in the probate case -- the docs relate to the charitable gifts. The A.G. regulates charities in California.A lawyer for the A.G.'s office will be in court at the next hearing.
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I knew Michael had learned alot in his 50 years. Now many people don't understand what a trust means and we'll see lawyers take advantage of that with many who want to steal Michael's money. Debbie Rowe got a large settlement and now she is suing for the kids. Well this will open problems with her settlement and for Mrs. Jackson. In the end this can only help Diana Ross get the kids. Now the Jackson Family to will try and steal from their Mother's Trust but if Michael was smart that wont happen either.
Trust were made to protect the person from people stealing. Each dime is accounted for. Now you notice how Diana didn't get money in the will right. Well Mrs. Jackson is the children and along with that is attached in income which will flow to Diana. Michael and his Lawyer knew this would happen and the protections were put in place with the approval of the Court back in 2002. Now Mrs. Jackson was 72 years old at the time this Will was written and Michael was looking to take care of her needs until her death. In a trust that is left to a person they don't have the right to pass any money on to someone else in lieu of their death. Debbie Rowe might lose her settlement in legal fees and still not get the children. Remember when she went to court as she changed her mine about the kids, Michael had to make sure she would never have the change to come back. One could remember during the Jackson trial when Debbie met with Michael alone and then agreed with him and signed new documents with big bucks. Now this will open all the questions as to who fathered the kids and if Debbie was just the host. To think a Mother who gave birth to two children and would accept money to give over her kids not once but twice leaves the Court with a lot of questions as to why now the interest or is it again only about the money. Diana should be getting the kids rooms ready and hiring teachers and a nanny about now.
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