The Breakdown: Michael Jackson's Will

Posted Jul 03 via PerezHilton 2009-07-03 15:50:28
The Breakdown: Michael Jackson's Will

Sources are revealing the exact division of Michael Jackson's assets, according to his will.

As it stands, his mother, Katherine Jackson, will get 40% of his assets.

His three children will also get 40%.

The remaining 20% will be divided up for several children's charities.

No specific charities were specified in the document, so the California state Attorney General, who is in charge and regulates the state's charitable foundations, has filed legal papers, most likely to ensure that the allotted funds actually go to charity.

Still no word as to who has been bequeathed the 50% share holdings at Sony/ATV music publishing catalogue, which controls many of the songs from the Beatles.

[Image via WENN.]

Filed under:
Michael Jackson

Most Shocking Celeb Death?
  •      Heath Ledger
  •      Anna Nicole Smith
  •      Michael Jackson
  •      Phil Hartman
  •      Patrick Swayze
  • CLICK TO VOTE

More images from this post (Click to view full-size on PerezHilton)

  • The Breakdown: Michael Jackson's Will
Duel
Which is the hotter of Tiger's tramps?

Jaimee Grubbs

vs.

Mindy Lawton

Click one to vote!

Top Today: Posts, Video, Topics