Michael Jackson Death Hoax Investigators

Latest News => TMZ.com => Michael Jackson News => TMZ Articles => Topic started by: mjwr on May 30, 2010, 09:49:04 AM

Title: Michael Jackson's Trust Lacks Trust in Kids
Post by: mjwr on May 30, 2010, 09:49:04 AM
Originally posted May 30th 2010 7:26 AM PDT by TMZ Staff

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.

(http://ll-media.tmz.com/2010/05/30/0530-jackson-kids-getty-credit.jpg)

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 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 by 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 (http://www.tmz.com/2009/07/01/michael-j ... -mentioned (http://www.tmz.com/2009/07/01/michael-jacksons-last-will-diana-ross-mentioned)) -- different from the trust.  The will refers to the trust but the trust document has not been public until now. (http://www.newsoftheworld.co.uk/showbiz ... -each.html (http://www.newsoftheworld.co.uk/showbiz/830344/Michael-Jackson-leaves-his-kids-33-million-each.html))

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, movies and song releases.

Source: http://www.tmz.com/2010/05/30/michael-j ... tee-money/ (http://www.tmz.com/2010/05/30/michael-jackson-will-trust-kids-prince-paris-blanket-trustee-money/)

Peace
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: hesouttamylife on May 30, 2010, 10:33:05 AM
Perhaps he just didn't trust the elements that would situate themselves in the lives of the children...the generational Tohme's and Matollas and the like minded of others who will certainly come after them just like they did their father.  Age progression makes for more wisdom.  They will be more aware of motives by 35 and 40.  In hindsight, I think it's a very well thought out plan, once it is actually executed.  However they will probably be around about that age anyway by then.
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: cin_pyt on May 30, 2010, 10:39:44 AM
MJ HAS CONTROL OVER EVERYTHING OF COURSE THEY CAN GET MORE MONEY UNTIL THEY'RE 30, CUS DADDY IS STILL IN CHARGE AND ALSO THIS IS A GOOD THING IN THIS CASE BECAUSE IF THEY HAD ACCESS TO THE MONEY NOW WE'D HAVE A BUNCH OF PEEPS TRYING TO LIVE OFF THEM. MICHAEL IS SETTING THE AGE AT 30 BECAUSE HE THINKS LIKE IN 30 YRS HE'LL REALLY BE GONE, SO HE'S LIKE FOR NOW THE MONEY IS MINE AND I GIVE THE CHILDREN WHAT THEY NEED. THIS REALLY CONTRADICTS THAT MICHAEL IS SOMEONE THAT JUST SPLURGES MONEY LIKE NO TOMORROW IT'S A FALSE IMAGE HE KNOWS HOW TO HANDLE MONEY THE MAN IS A BUSINESSMAN. MICHAEL I JUST KNOW ALL THE STORIES AREN'T TRUE YOU GOT MONEY AND YOU ARE STILL IN CONTROL THAT'S WHY NO ONE IS TOUCHING IT.
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: *Mo* on May 30, 2010, 10:58:45 AM
Quote
Originally posted May 30th 2010 7:26 AM PDT by TMZ Staff

3 + 0 + 2 + 1 + 7 + 2 + 6 = 21 -> 777
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: Glinda on May 30, 2010, 11:25:19 AM
Quote from: "*Mo*"
Quote
Originally posted May 30th 2010 7:26 AM PDT by TMZ Staff

3 + 0 + 2 + 1 + 7 + 2 + 6 = 21 -> 777

And they are early too
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: cin_pyt on May 30, 2010, 11:34:56 AM
777  :o  MICHAEL DID IT. GOOD MORNING MICHAEL FOR A PERSON THAT CAN'T SLEEP YOU ARE PRETTY EARLY SWEETIE ;) FOR A MOMENT SINCE I GOT VISION PROBLEMS I THOUGHT THE TITLE SAID MICHAEL JACKSON LACKS TRUST IN KIDS I WAS LIKE WHAT?!!! :lol:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: DancingTheDream on May 30, 2010, 12:37:39 PM
Lisa Marie had a very similar trust.. im sure she was 35 until she got her full inheritance.
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: imissMJ147 on May 30, 2010, 02:16:51 PM
Quote
Michael Jackson apparently learned a lesson in finances --
I know some tabloids talk like this but doesn't it sound a little weird.? Michael learned a lesson as in currently he learned a lesson about financing when it comes to leaving money for his kids.??? They always phrase their sentences as if MJ is alive....makes you wonder..?
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: mjwr on May 30, 2010, 02:25:56 PM
Quote from: "imissMJ147"
Quote
They always phrase their sentences as if MJ is alive....makes you wonder..?
That's why I made "learned" bold ;).
Quote from: "mjwr"
Originally posted May 30th 2010 7:26 AM PDT by TMZ Staff

Michael Jackson apparently learned a lesson in finances
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: Grace on May 30, 2010, 02:30:56 PM
Why did they paint him so red in Photoshop?

Blood returning? Blushing? Angry? Alive?

TMZ creative as ever...  :lol:

Quote from: "mjwr"

(http://ll-media.tmz.com/2010/05/30/0530-jackson-kids-getty-credit.jpg)

Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: *Mo* on May 30, 2010, 02:40:31 PM

Harvey has had the Trust papers for months and months but never released them.  Harvey has mentioned the "no contest clause" dozens of times, yet that clause is not in the will but in the trust.
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: ejay on May 30, 2010, 02:47:32 PM
:?  :?  this sentence "Branca and John McClain wheel and deal in business ventures that include concerts, movies and song releases." OKay..ummm WHOSE GONNA DO THE CONCERTS THEY SPEAK OF???? Oh thats right...MJ cuz he aint dead!  :lol:  :lol:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: DancingTheDream on May 30, 2010, 03:05:56 PM
Quote from: "imissMJ147"
Quote
Michael Jackson apparently learned a lesson in finances --
I know some tabloids talk like this but doesn't it sound a little weird.? Michael learned a lesson as in currently he learned a lesson about financing when it comes to leaving money for his kids.??? They always phrase their sentences as if MJ is alive....makes you wonder..?

It sounds like the tabloids are patronising him, to me..  

i mean.. are they having a laugh, or what??  All that money is money that MJ earned himself!  Michael is the one who pulled his family out of poverty with his talent and his business sense!
It was Michael who brought the Sony catalogue.. he made himself rich.  So to say he needed to learn a lesson in finance is just laughable.
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: scorpionchik on May 30, 2010, 03:25:22 PM
Quote from: "*Mo*"
Quote
Originally posted May 30th 2010 7:26 AM PDT by TMZ Staff

3 + 0 + 2 + 1 + 7 + 2 + 6 = 21 -> 777

where is 5-May? shouldn't be added too to be complete if you consider from numerology point of view?
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: CC on May 30, 2010, 03:37:41 PM
Quote from: "ejay"
:?  :?  this sentence "Branca and John McClain wheel and deal in business ventures that include concerts, movies and song releases." OKay..ummm WHOSE GONNA DO THE CONCERTS THEY SPEAK OF???? Oh thats right...MJ cuz he aint dead!  :lol:  :lol:

  :mrgreen:
I NEED TO KNOW WHERE THE CONCERTS WILL BE AND WHEN???
 :lol:  :lol:  :lol:  :lol:  :lol:  :lol:  :lol:  :lol:  :lol:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: DancingTheDream on May 30, 2010, 03:42:07 PM
Quote from: "CC"
Quote from: "ejay"
:?  :?  this sentence "Branca and John McClain wheel and deal in business ventures that include concerts, movies and song releases." OKay..ummm WHOSE GONNA DO THE CONCERTS THEY SPEAK OF???? Oh thats right...MJ cuz he aint dead!  :lol:  :lol:

  :mrgreen:
I NEED TO KNOW WHERE THE CONCERTS WILL BE AND WHEN???
 :lol:  :lol:  :lol:  :lol:  :lol:  :lol:  :lol:  :lol:  :lol:


Well, it wont be Jermaine and Tito at those concerts, thats for sure..  they have already proved they are as useful as a chocolate teapot at organising concerts...   the amount of Tribute concerts that have been planned and pulled are laughable!
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: reasonables+luvs+MJ on May 30, 2010, 06:16:34 PM
Quote from: "scorpionchik"
Quote from: "*Mo*"
Quote
Originally posted May 30th 2010 7:26 AM PDT by TMZ Staff

3 + 0 + 2 + 1 + 7 + 2 + 6 = 21 -> 777

where is 5-May? shouldn't be added too to be complete if you consider from numerology point of view?
Well if you do add the 5, you'll get 26, and since the last letter of TMZ is the 26th letter of the alphabet... coming to an end... does that make you think that Michael is ready to come back and this hoax is coming to an end?? :D  *I'm so smart*
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: reasonables+luvs+MJ on May 30, 2010, 06:17:56 PM
deleted
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: mjaliveomg on May 30, 2010, 06:33:48 PM
(http://ll-media.tmz.com/2010/05/30/0530-jackson-kids-getty-credit.jpg)

Funny how the kids are looking great at the memorial... :roll:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: reasonables+luvs+MJ on May 30, 2010, 06:41:59 PM
Quote from: "mjaliveomg"
(http://ll-media.tmz.com/2010/05/30/0530-jackson-kids-getty-credit.jpg)

Funny how the kids are looking great at the memorial... :roll:
Yeah, they looked bored; esp. Prince...looks like he just woke up!! :roll:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: cin_pyt on May 30, 2010, 06:55:16 PM
CONCERTS WHO GONNA DO THEM? JERMAINE, BROS, AND OMER. MICHAEL CAN YOU PLZ EXPLAIN THIS WHO GONNA DO THE CONCERTS? :)  OOPS JUST LIKE PARIS SAID DADDY COULDN'T PERFORM LAST YEAR.........SOMETHING ALONG THOSE LINES BUT NOW HE'S READY NOT RIGHT RIGHT NOW BUT LATER LATER HERE COMES DA SUMMER WE'LL ALL REMEMBER FOR THE REST OF OUR LIVES.  :lol: REALLY I MUST SEE HIM IN CONCERT NEVER MISS AN OPPORTUNITY TO SEE THE MAN!
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: paula-c on May 30, 2010, 07:47:58 PM
Yes, I will also like to know where these concerts, "movies" in the plural and music, will the old that the new Sony I have my doubts :lol:  :lol:  :lol:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: i_need YoU on May 30, 2010, 08:09:29 PM
Personally IF he really is gone I think this was VERY wise of MJ. He knew what he waz doing and I think this was just really smart of him. He spreaded it out to where they will have money there whole lives. I mean think if you were 18 and just got this huge sum of money you wuld spend it ALL so quickly becuz you are not mature and experienced to know how to manage that kind of money. Michael made it to where they get large amounts over time which i think is very genious.
I mean 30 and then 40 is a very good plan becuase byt he time they are allowed to have the full amount the pot will be built to billions. Michael is very smart very very smart for what he did and TMZ just made it look like he didnt trust his children. TMZ is a stupid place who always try to make someone look bad. Yes what they say is truth sometimes but they always turn it around to where it looks bad.
 

PS Does this mean its the end now becuz wouldnt be illegal to get financial gain from your death if you faked it. Michael wouldnt break the law. I think this is the end.

Also, here is another article thats more nicely put. Although they make the family who didnt recienve anything sound like they are sooo mad becuz they get any money and make them look money hungry and they are doubting the will but anyways, this article is much nicely written compared to GAY TMZ!!!
This one is from SHOWBIZ so you can atleast have more truth to it then lame tmz...they are gay ugh i cant even think of TMZ right now eww. They are all about getting the most website views and MJ is the way to do it.
Here is a better article...please please read it.
http://showbiz.peacefmonline.com/news/201005/44325.php
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: RK on May 30, 2010, 08:57:08 PM
This thread made me think of Jermaine, Where are you Jermaine, We haven't heard from you recently. Surely you must have some lines coming up in the script soon?
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: CC on May 30, 2010, 08:57:53 PM
Quote from: "i_need YoU"

PS Does this mean its the end now becuz wouldnt be illegal to get financial gain from your death if you faked it. Michael wouldnt break the law. I think this is the end.

[/url]

the article clearly say that katherine not have the money yet and she is not asking for this money, the kids are not old enough, nothing for the brothers... i donĀ“t see financial gain here... :roll:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: MJonmind on May 30, 2010, 09:55:49 PM
If it truly is his final will (which it still could be superceded by another if he's alive), then I think it's interesting that he gave his mother 40%. She is 80 and less years left than his siblings; and what will she do with her share in her will?  Of course she loves all her children as all mothers do. You think the brothers don't know that? Michael has it all figured out. And if she wants to be nice to Joe she can do that too. I'm hoping the kids will develop their own unique talents and career interests, and waiting till they're 30 helps them to be more productive not lazy rich kids.
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: mjaliveomg on May 30, 2010, 09:59:18 PM
and what about the poll?



(http://img269.imageshack.us/img269/623/lol21m.jpg)




21???  :roll:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: reasonables+luvs+MJ on May 30, 2010, 10:02:33 PM
Quote from: "mjaliveomg"
and what about the poll?



(http://img269.imageshack.us/img269/623/lol21m.jpg)




21???  :roll:
1: 2+1=3 (s.n.)
2: June 21st= Fathers Day
3: something is going to happen very soon!!
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: mjaliveomg on May 30, 2010, 10:05:15 PM
Quote from: "reasonables+luvs+MJ"
Quote from: "mjaliveomg"
and what about the poll?



(http://img269.imageshack.us/img269/623/lol21m.jpg)




21???  :roll:
1: 2+1=3 (s.n.)
2: June 21st= Fathers Day
3: something is going to happen very soon!!


or like Mo said..7+7+7 = 21..same result from the new's date and time
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: reasonables+luvs+MJ on May 30, 2010, 10:08:29 PM
Quote from: "mjaliveomg"
Quote from: "reasonables+luvs+MJ"
Quote from: "mjaliveomg"
and what about the poll?



(http://img269.imageshack.us/img269/623/lol21m.jpg)




21???  :roll:
1: 2+1=3 (s.n.)
2: June 21st= Fathers Day
3: something is going to happen very soon!!


or like Mo said..7+7+7 = 21..same result from the new's date and time
I.d.k.; I wonder why they didn't put 35 on there :?
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: suspicious mind on May 30, 2010, 10:20:05 PM
Quote from: "DancingTheDream"
Lisa Marie had a very similar trust.. im sure she was 35 until she got her full inheritance.


there seem to be a few commen threads between the two situations
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: mmz on May 31, 2010, 06:51:57 AM
each news for TMZ makes me wonder about what is TMZ role in the hoax...
Michael directs them of they just believe he could be alive? Or it is just as all media BS?
If Michael directs it...it is kind of strange he allows them to use always not so good pictures of him.... :roll:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: 2good2btrue on May 31, 2010, 08:07:20 AM
If you believe something could happen on the 21st June, then you have to see this:

The clues with the SUN flowers could be referring to what is going to happen with the sun on the 21st June.

It's called the summer solstice.
Summer solstice is the time when the sun reaches its northern most latitude and therefore appear at its highest in the sky at noon. At this time of year we have the longest day.

Since ancient times the change in direction of the sun between 21 and 22 June, is seen as a particular and magic moment.
This day, called the summer solstice, is the first day of a new season and in magic it is associated with the feast of St. John the Baptist, on June 24, the day he was born six months before Christ (from what the church says) because in this brief but intense period, all plants and herbs on earth are affected with particular strength and power.
The triumph of the light ...
Around June 21 the sun celebrates its triumph in what is the longest day of the year.  And in some countries, they celebrate with a carnival atmosphere.
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: mjaliveomg on May 31, 2010, 01:29:05 PM
Quote from: "2good2btrue"
If you believe something could happen on the 21st June, then you have to see this:

The clues with the SUN flowers could be referring to what is going to happen with the sun on the 21st June.

It's called the summer solstice.
Summer solstice is the time when the sun reaches its northern most latitude and therefore appear at its highest in the sky at noon. At this time of year we have the longest day.

Since ancient times the change in direction of the sun between 21 and 22 June, is seen as a particular and magic moment.
This day, called the summer solstice, is the first day of a new season and in magic it is associated with the feast of St. John the Baptist, on June 24, the day he was born six months before Christ (from what the church says) because in this brief but intense period, all plants and herbs on earth are affected with particular strength and power.
The triumph of the light ...
Around June 21 the sun celebrates its triumph in what is the longest day of the year.  And in some countries, they celebrate with a carnival atmosphere.

wow..look at the festival's begin date  :lol:
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: Sarahli on June 14, 2010, 04:57:35 PM
In August 1998 Michael got 40 years old. 40 years old is said to be the age of maturity. Maybe something happened to Michael back then, a "revelation", a big change in his life hence the signature with 1998.

Noah's flood last 40 days and 40 nights.  

"For forty days and for forty nights the law was on her side" Billie Jean.
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: reasonables+luvs+MJ on June 14, 2010, 05:32:03 PM
Quote from: "Sarahli"
In August 1998 Michael got 40 years old. 40 years old is said to be the age of maturity. Maybe something happened to Michael back then, a "revelation", a big change in his life hence the signature with 1998.

Noah's flood last 40 days and 40 nights.  

"For forty days and for forty nights the law was on her side" Billie Jean.
Isn't this weird... viewtopic.php?f=17&t=9061&p=150248&hilit=noah%27s+ark#p150248 (http://michaeljacksonhoaxforum.com/phpbb2/viewtopic.php?f=17&t=9061&p=150248&hilit=noah%27s+ark#p150248) ...and it's MY post!!! :D
Title: Re: Michael Jackson's Trust Lacks Trust in Kids
Post by: CC on June 15, 2010, 10:31:00 AM
"becasue the lie beccomes the truth!" Billie Jean missing lyrics on TII  :roll:
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