Paris Jackson seeks $600 million from Michael Jackson's estate to go to his three children

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Set us as preferred Paris Jackson, daughter of late pop icon Michael Jackson, seeks more than half a million dollars in a preliminary transfer from her father’s estate to a trust for his three children.Jackson alleged in a recent court filing that the funds are overdue and under the “iron grip” of the estate’s executor.The actor-singer on Thursday accused the executors of her father’s estate of failing to fulfill the singer’s wishes for Prince, Paris and Bigi to begin receiving income from their family trust.

“Michael Jackson’s family trust remains unfunded,” she said in the petition, filed in Los Angeles County Superior Court and reviewed by The Times.According to Paris, executors said in 2011 they would file a petition to begin funding the trust.

Allegedly, no such petition has been filed: “Fifteen years later, Michael’s beneficiaries are still waiting.”Attorneys for the estate’s executors did not immediately respond on Tuesday to The Times’ request for comment.Jackson said her father, who died in June 2009, wanted his children to begin receiving money from the estate on each of their 21st birthdays and that each child would also receive “outright principal distributions” from the trust when they each turned 30.

Prince and Paris (born to the singer and former wife Debbie Rowe) are 29 and 28, respectively.Bigi is 24 and was born via surrogate.

Entertainment & Arts Janet Jackson isn’t portrayed in the ‘Michael’ biopic and she skipped the premiere along with Paris Jackson.Here’s why they both bowed out and what the cast is saying about leaving sexual assault allegations on the cutting room floor.“They instead receive lesser amounts dictated by the remaining Executor, who uses this power to deter them from checking his abuses,” Paris’ petition alleges.The executors for Michae...

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Publisher: Los Angeles Times

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