14 Sep '11, 8am

Executors of Michael Jackson's estate to distribute US$30 million to the singer's mother, his 3 kids and charities

Executors of Michael Jackson's estate to distribute US$30 million to the singer's mother, his 3 kids and charities

The executors of Michael Jackson's estate say they will distribute US$30 million (S$37 million) to the Jackson Family Trust for the benefit of the singer's mother, his three children and charities, under the terms of Jackson's will. -- PHOTO: AFP LOS ANGELES (AP) - The executors of Michael Jackson's estate say they will distribute US$30 million (S$37 million) to the Jackson Family Trust for the benefit of the singer's mother, his three children and charities, under the terms of Jackson's will. The executors said in documents filed on Tuesday that since Jackson's death in June 2009, the estate has generated more than US$310 million, enabling them to pay off dozens of debtor claims and refinance loans at lower interest rates. They also disclosed that Katherine Jackson wants to sell the family's famous compound in Encino, California, and find a new residence for her and the c...

Full article: http://www.straitstimes.com/BreakingNews/Lifestyle/Story/...

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