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For the sake of background THE MICHAEL JACKSON FAMILY TRUST (Estate). Originally recorded on 01/11/1995 Last Edited in March 2002 Signature Date: 07/07/2002 HEIRS * Prince Michael Jackson Jr. (son) * Paris Michael Katherine Jackson (daughter) * Prince Joseph Jackson national beer wholesalers association II (son ) * Katherine Jackson (mother) + Charities DIVISION OF PROPERTY 20% will be donated to one or more charities that help children. The institutions will be chosen by agreement between Katherine Jackson, John Branca and John McClain. national beer wholesalers association The rest (80% of the left, beyond the future rents) will be divided: one half to Katherine national beer wholesalers association Jackson national beer wholesalers association and the other half to Prince, Paris and Prince II. What will happen when Katherine Jackson's death? Upon the death of the matriarch of the Jackson, the corcernente part to it is split between national beer wholesalers association Prince, Paris and Prince II. As the children will receive their respective parties? By the age of 21 years, the financial provision will be fully controlled by the estate's executors. At 21, each child will receive their respective share of the net income obtained from the opening of the will (or the total, been found that such amounts do not Supram care relating to the support and education of the same). At 30, will receive 1/3 of the remaining values. At 35, will receive the second third of the remaining values. At age 40, will receive the last remaining third. What if Katherine Jackson and the children died before Michael Jackson? After donating 20% to charity, the remaining values (80% and more future rents) would be divided: one half to Levon Jackson, Elijah Jackson and Anthony Jackson (MJ cousins) and the other half to Taj Jackson, Taryll Jackson and TJ Jackson (MJ nephews, national beer wholesalers association sons of Tito). PERFORMERS OF ESTATE John White (MJ representative from 1980 to 2006 and again in 2009) John McClain (MJ friend for about 40 years) national beer wholesalers association Barry Siegel national beer wholesalers association [resigned in 2003] What if both John Branca when John McClain could not serve as Executors of the estate? The executor would be NationsBank (also known as Bank of America). Obs .: Because Branca and McClain took executors post in 2009, Bank of America can no longer serve as executor. It is up to own the appointment of their successors. LEGAL GUARDIAN OF CHILDREN UNDER Katherine Jackson Diana Ross [ONLY in case of death, refusal or inability of Katherine Jackson] Or, Granted by a judge to any other person most responsible when requested and is the willingness of children over 8 years. Source: national beer wholesalers association MJ Beats
It seems that Katherine Jackson is returning to Los Angeles. That's what Randy Jackson, the mentor of his disappearance, told "Good Morning America" this morning Reply Delete
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