According to new found documents Michael Jackson although struggling with financial situations at the time of his death had been putting money aside for his children. He has set out a schedule to provide his kids with money across their lifetimes.
In what was reported to be the pop icon’s official trust, published on new of the worlds web site on Sunday, after giving twenty percent to charity and another sum of money for taxes his two children will get 50 percent of what is left. No one knows yet what the trusts will be worth when the children reach adulthood.
Its amazing how things work, he was worth more at his death then while he was alive. He had a will and hit film This Is It also brings in even more revenue. The problem now is will the children of Michael Jackson be manipulated because of the trusts and the money that is in them.
The trustees of course will make sure the kids are taken well care of until they reach the age of twenty one then they will get their trusts. Some sources say it is around 33 million dollars but this is speculation. Then at the age of 30 they will receive additional funds that were set aside by Michael Jackson in which not many people knew of. Again at 35 they will receive another sum of money which the amount is again unknown.
In addition, Michael had a trust set up for his own mother. Upon her death the remaining funds will go to the children’s trust funds. However, if something happens to all of his children, and his mother the money would be distributed to a family trust which the remainder of his family will receive equal parts.