Michael Jackson Family Seeks Trust Fund

Estate wants $30 million for singer's mother and three children

September 14, 2011 8:45 AM ET
michael jackson beneficiaries trust fund
Michael Jackson's children: Prince, Paris and Blanket Jackson
Jason LaVeris/Film Magic

The executors of Michael Jackson's estate have requested $30 million for a trust fund designated for the singer's mother, Katherine, and his three children, Prince, Paris and Blanket. The executors, attorney John Branca and music executive John McClain, have also requested permission on behalf of Katherine Jackson to sell their family compound in Encino, California and purchase a new home. A court hearing for the case has been set for September 28th.

Photos: Michael Jackson Remembered
The executors of the Jackson estate have reported over $310 million in gross revenue in the last year from album sales, merchandising, licensing and other revenue streams. The singer had debts of more than $400 million at the time of his death in 2009, but the estate has reported that they have paid down $159 million of that debt.

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

Music Main Next

blog comments powered by Disqus
Around the Web
Powered By ZergNet
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.


We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

Song Stories

“San Francisco Mabel Joy”

Mickey Newbury | 1969

A country-folk song of epic proportions, "San Francisco Mabel Joy" tells the tale of a poor Georgia farmboy who wound up in prison after a move to the Bay Area found love turning into tragedy. First released by Mickey Newbury in 1969, it might be more familiar through covers by Waylon Jennings, Joan Baez and Kenny Rogers. "It was a five-minute song written in a two-minute world," Newbury said. "I was told it would never be cut by any artist ... I was told you could not use the term 'redneck' in a song and get it recorded."

More Song Stories entries »