Michael Jackson - Michael Jackson's Mother And Kids Land Windfall From Estate
Michael Jackson's mum and his three kids are set for a $30 million (£18.8 million) windfall thanks to the cash the King of Pop's estate executors have been able to rake in since the pop star's death in 2009.
John Branca and John MCClain have asked legal permission to hand over the fortune to the Michael Jackson Trust for the benefit of Katherine Jackson and her grandkids Paris, Prince and Blanket, according to court documents obtained by Tmz.com.
According to the paperwork, the estate generated more than $310 million (£194 million) in gross revenues as of December 31, 2010.
In addition to funding the trust, the executors are asking the court's permission to sell the Jackson family compound in Encino.
Katherine reportedly wants to sell the property, which was valued at over $4 million (£2.5 million) at the time of Jackson's death.