Michael Jackson apparently learned a lesson in finances -- his kids should not fall victim to consumer temptations that caused Michael himself to teeter on the brink of bankruptcy -- this, according to the details of the strings he attached to his children's inheritance.
News of the World got a copy of the Michael Jackson trust. TMZ broke the story ... under the trust the kids would get 40% of Michael's estate, Kartherine Jackson would get the use of 40% during her lifetime (when she dies the remainder of her share goes to the kids) and the final 20% goes to charity.
Here's what's interesting ... that we didn't know until now. Under the trust, Prince, Paris and Blanket have no control of the money until they are 30 years old ... until they turn 30 they just get income -- almost like an allowance -- determined solely par the trustee. When each of the kids turns 30, the trustees must then give them 1/3 of their share outright. When the kids reach 35, they get 1/2 of their share outright.
At age 40, the kids then get what remains of their share -- outright.
We've already published the will -- different from the trust. The will refers to the trust but the trust document has not been public until now.
As for how much the kids will get, that amount grows every month, as executors John Branca and John McClain wheel and deal in business ventures that include concerts, films and song releases.
News of the World got a copy of the Michael Jackson trust. TMZ broke the story ... under the trust the kids would get 40% of Michael's estate, Kartherine Jackson would get the use of 40% during her lifetime (when she dies the remainder of her share goes to the kids) and the final 20% goes to charity.
Here's what's interesting ... that we didn't know until now. Under the trust, Prince, Paris and Blanket have no control of the money until they are 30 years old ... until they turn 30 they just get income -- almost like an allowance -- determined solely par the trustee. When each of the kids turns 30, the trustees must then give them 1/3 of their share outright. When the kids reach 35, they get 1/2 of their share outright.
At age 40, the kids then get what remains of their share -- outright.
We've already published the will -- different from the trust. The will refers to the trust but the trust document has not been public until now.
As for how much the kids will get, that amount grows every month, as executors John Branca and John McClain wheel and deal in business ventures that include concerts, films and song releases.
The family is always targeted par the publicity and it certainly is not always the best and suffering of these people and of course even plus unfortunate mother Lost a étoile, star in the life ...
Yesterday in court in Los Angeles where he went to the doctor, his mother Katherine was the étoile, star rampage showed pain and anger and inconvenience we almost faint.
We hope soon to illuminate the mysterious but very interesting case and to calm his relatives adikochamenou and famous and beloved singer joint, joint d’étanchéité an entire season with his presence and with songs and musique and will remain unforgettable in the hearts of all world.
Then Happy came one day, chased my blues away
My life began when Happy smiled
Sweet, like Candy to a child
Stay here and l’amour me just a while
Let sadness see what Happy does
Let Happy be where Sadness was
Happy, that's you
toi made my life brand new
Lost as a little lam was I, till toi came in
My life began when Happy smiled
Sweet, like Candy to a child
Stay here and l’amour me just a while
Let sadness see what Happy does
Let Happy be where Sadness was
(Till now)
Where have I been?
What lifetime was I in?
Suspended between time and space
Lonely until Happy came smiling up at me
Sadness had no choice but to flee
I a dit a prayer so silently
Let Sadness see what Happy does
Let Happy be where Sadness was
Till now
Happy, yeah yeah
Happy, oehoe happy
happy oh yeah Happy
[fade out]
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