Michael Jackson apparently learned a lesson in finances -- his kids should not fall victim to consumer temptations that caused Michael himself to teeter on the brink of bankruptcy -- this, according to the details of the strings he attached to his children's inheritance.
News of the World got a copy of the Michael Jackson trust. TMZ broke the story ... under the trust the kids would get 40% of Michael's estate, Kartherine Jackson would get the use of 40% during her lifetime (when she dies the remainder of her share goes to the kids) and the final 20% goes to charity.
Here's what's interesting ... that we didn't know until now. Under the trust, Prince, Paris and Blanket have no control of the money until they are 30 years old ... until they turn 30 they just get income -- almost like an allowance -- determined solely by the trustee. When each of the kids turns 30, the trustees must then give them 1/3 of their share outright. When the kids reach 35, they get 1/2 of their share outright.
At age 40, the kids then get what remains of their share -- outright.
We've already published the will -- different from the trust. The will refers to the trust but the trust document has not been public until now.
As for how much the kids will get, that amount grows every month, as executors John Branca and John McClain wheel and deal in business ventures that include concerts, Фильмы and song releases.
News of the World got a copy of the Michael Jackson trust. TMZ broke the story ... under the trust the kids would get 40% of Michael's estate, Kartherine Jackson would get the use of 40% during her lifetime (when she dies the remainder of her share goes to the kids) and the final 20% goes to charity.
Here's what's interesting ... that we didn't know until now. Under the trust, Prince, Paris and Blanket have no control of the money until they are 30 years old ... until they turn 30 they just get income -- almost like an allowance -- determined solely by the trustee. When each of the kids turns 30, the trustees must then give them 1/3 of their share outright. When the kids reach 35, they get 1/2 of their share outright.
At age 40, the kids then get what remains of their share -- outright.
We've already published the will -- different from the trust. The will refers to the trust but the trust document has not been public until now.
As for how much the kids will get, that amount grows every month, as executors John Branca and John McClain wheel and deal in business ventures that include concerts, Фильмы and song releases.
TMZ has learned Presley sent the Цветы to sunflowerguy.com -- along with a personalized card that said, "Thank Ты so much for donating the beautiful flowers."
As we previously reported, the florist sent еще than 1,500 sunflowers to Forest Lawn Cemetery on Friday , after Lisa Marie begged MJ's Фаны to do a better job of decorating Michael's tomb.
"It was very pretty, anyway, and it should not have any surgery, but plastic are obsessed. This was pushed and I had understood that after some time. And after the секунда surgery in the nose had to be stopped, but people like the perfect "has the Gest.
"Michael had undergone multiple plastic surgeries and implants in the jaw and nose but had tattooed lips, lashes and on her head to improve its appearance.
David threw responsibilities to doctors, who surrounded the King of pop: «I am not surprised that was addicted to pills, I wish he had better people around him ....
Sung to our hearts
Removed evil from our worlds with your sweet loving nature.
But behind your smile was both happiness and pain.
Ты carried the pain,
While we, oblivious, украл, палантин the happiness.
A луч, рэй of sunshine and in a class of your own.
This world ever trying to destroy your light, not worthy of any part of your life.
Yet Ты never saw it that way and gave us everything till nothing was left.
How could we have placed hatred on someone completely incapable of it.
In heaven now, Ты have been set free to live eternally where Ты belong. No pain will reach Ты up there, of that I’m sure.
Ты entered this world loved, left loved, and forever will be loved - what happened in between is unforgivable on our part but I pray that Главная at last it can be dealt with.
- Ты сказал(-а) Ты saw the face of God in children, we saw it in you.
R.I.P Michael.
king of pop.
x
