Foundation General Blog

The late King of Pop Michael Jackson has kept a will found in the distribution of your assets. In addition to his three children, Prince (13), Paris (12) and Manta (8), Katherine Jackson, the mother of Jackson may also be a part.

The world famous pop stars in the late going to give money to her three children a legacy of 33 million U.S. dollars or 40 percent of the total assets of Jackson.

Like their children, Katherine will receive 40 percent of the wealth Jacko, so Jackson is required, ie equal to U.S. $ 99 million. Quoting the magazine TMZ, AceShowbiz site, Monday (31/05/2010), preaching and the remaining 20 percent of his fortune will be donated to charity.

Jackson has designed a family inheritance fund in 1995, before the birth of the Prince, the first son from his marriage to Debbie Rowe.

From these data indicated a financial institution of the Trust Fund, Rowe and Lisa Marie Presley, former wife of Jackson, on the other, just do not get the part. The same applies to Jackson’s brother and father, Joe Jackson.

“For Michael, the mother and her children were the most expensive. So he wanted to make sure everyone something useful after his death,” said a close relative.

Although it has announced the distribution of mass, but that does not mean that children in Jackson early taste of wealth. In his will, Jackson said that the assets of the new wealth will be given after three to 30 years of age. Hope that you can control the use of their money.

Jackson worry if you give now, they are tempted to spend money blindly as he had done before.

Disposition of wealth will gradually. When they hit the age of 30 years, a new heritage will be given a third section and the middle section will be provided when they are 35 years of age. At the age of 40 years, before they reach the rest of the half again.

The mention of the most trusted person of Jackson, quoted by the News of the World, Michael wealth stored in the bank reached $ 300 million U.S. dollars