In his will,Michael set up a family trust leaving 40% of his assets to his children,and 40% to his mom Katherine.The remaining 20% is going to several children's charities.Michael did not leave anything to his siblings or father- and sources say some family members are already trying to snatch control of assets.Although he was always close to his mom,Michael didn't have to much to do with the others in recent years,added the source.
First they were battling over the organization of the funeral. Now it's all about the money.The Jacksons are also cold shouldering Debbie Rowe--the mother of 2 of Michael's children--his long time friend Diana Ross and the kids nanny Grace Rwaramba because they see them as threats to the guardianship of the three kids.
Michael named Diana Ross as back-up guardian and mom has flipped out everone.Diana was unaware she was even named.The family just wants Debbie Rowe to go away,they feel she got enough money from Michael when he was alive. But with Grace it's more difficult,the kids love and trust her . Michael's brothers are making a pitch to care for the kids.
Despite trying to to present himself as the family spokeman, Joe Jackson isn't allowed at the family's Encino compound, said an insider.
Katherine has quietly tolerated Joe for years, but now she has had enough, she wants a divorce and made him leave the house.The family is also keeping Joe away from Michael's kids. Michael and La Toya accused Joe of physically abusing them as kids when they were growing up.
Katherine has quietly tolerated Joe for years, but now she has had enough, she wants a divorce and made him leave the house.The family is also keeping Joe away from Michael's kids. Michael and La Toya accused Joe of physically abusing them as kids when they were growing up.
Of all the siblings, Janet is the only one who wasn't dependent on her brother financially.With the exception of Janet,they're all now looking to Katherine to divvy up Michael's money with them. Although the estate has yet to be distributed, the insider said they are pressuring her for cash.
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What a bunch of money grabbing hypocritical bastards. Don't believe any of them is worried about the kids just the money.
ReplyDeleteJanet is the only one financially able to care for them,they need a stable home ,I don't believe she can give them that,she is a little weird herself,Katherine and the nanny don't see eye to eye, I will be watching this closely and hoping the best for the kids.