Paris Jackson asks Michael Jackson’s estate for $600 million for her family’s trust

Michael Jackson’s 28-year-old daughter, Paris Jackson, asked her late father’s estate recently for $600 million for her and her two siblings, claiming they have waited more than 17 years for the trust to be funded.Paris Jackson, who is the daughter of the King of Pop and his second wife Debbie Rowe, argued in a court filing that her father’s estate has generated billions of dollars since his death in 2009 and yet the trust that was intended to provide for the children has not received the necessary funding, according to People magazine.
The trust was designed to give the three children income from respective shares when they turned 21, and then begin receiving portions of the money held for them at age 30, with additional distributions at 35 and 40.
None of the three children are 30 yet, with the eldest, Prince Jackson, being 29 and the youngest, Bigi Jackson, is 24, but the children have not received income from the shares so far as their father intended.
“More than seventeen years after his passing, Michael Jackson’s family trust remains unfunded,” the court filing, which was filed last week but first reported Tuesday, states.
Paris Jackson’s attorneys argued the estate has generated notable cash through a series of business deals and property sales, making a partial distribution to the family trust possible. 
The sales include the estate’s involvement in EMI Music Publishing for $287.5 million in 2018, the sale of Neverland Ranch for $22 million in 2020 and a deal with Sony in 2023 involving Michael Jackson’s music and other intellectual-property assets.
The Michael Jackson Estate told People that it cannot fully fund the trusts until several legal matters are resolved, including litigation with the IRS, which is seeking $700 million in taxes and penalties.
“The Estate was able to secure a ruling to significantly reduce that amount, but the matter has not been settled and could still change,” the estate said.
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.

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