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Over IRS dispute, paris jackson seeks 600 million from michael’s estate to fund family trust for brothers

Paris seeks partial distribution

The filing says the estate has generated billions of dollars since Michael Jackson died in 2009, but claims the trust has not received funding. Paris says she and her brothers have not received the money their father intended for them through the trust.

Dispute over payments and timing

According to the filing, the children were to begin receiving income from their respective shares at 21, with further portions at 30 and additional distributions at 35 and 40. Paris is 28, Prince is 29 and Bigi is 24.

The filing says the siblings rely on remaining executor John Branca for money and alleges he provides smaller amounts. The estate disputes Paris’ claims that payments have been withheld or reduced, describing that allegation as fabricated.

Estate cites unresolved legal matters

The estate told People it cannot fully fund the trusts until other legal matters are resolved, including ongoing litigation with the Internal Revenue Service. The IRS sought $700 million in taxes and penalties, and the estate said a ruling significantly reduced the amount, though the matter remains unsettled.

Key points

  • Paris Jackson is seeking a $600 million partial distribution to the family trust.
  • Her filing says the trust remains unfunded despite the estate generating billions.
  • The estate cites unresolved IRS litigation and says more than $200 million has been distributed for the children’s benefit.
  • Paris’ spokesperson says the estate could have partially funded the trust earlier.
Read the original on E! Online ↗

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