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Michael Jackson's Kids and Mom Get No Distributions from Trust Until Estate and IRS Settle Dispute, Lawsuit Reveals
In a May 28 filing obtained by PEOPLE regarding Michael Jackson's ongoing estate case, the court decided that so long as the legal disputes continue, his beneficiaries will not receive distributions.
Michael Jackson's beneficiaries, including his mom Katherine and three kids Paris, Prince and Bigi, will not receive financial distributions from his trust until an ongoing dispute between his estate and the IRS is resolved. In a May 28 filing obtained by PEOPLE regarding the King of Pop's ongoing estate case, the executors under his will decided that so long as the legal disputes continue, his beneficiaries will not receive distributions. The filing stated, "... it seems clear to [Katherine] that the Executors are holding all of the assets in the Estate in order to keep control over them, and to avoid the more liberal distribution requirements of the Trust."
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