Michael Jackson established detailed trust funds in his Last Will and Testament for the distribution of his wealth, finalized and signed in 2002. The trust fund is currently worth $300 million and is properly invested and continues to increase in value.
Michael split his estate between his children, his mother and his charity. His mother will be getting the 40% of the share, 40% to be equally divided to his children, while the remaining 20% to charity.
Prince,Paris, and Blanket will surely have nothing to worry about financially, and will be left extremely well off. At this point in time, their individual share of their father's estate is $33 million and over time will significantly grow.
The children will each receive an allowance from the fund until the age of 21. At age 30 they will receive one-third of their share, at age 35 one-half, and at age 40 they will have full access to the remainder.
Read related article: Jackson Kids Individual Trust Funds Worth $33 Million
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