Paris Jackson has asked for a large sum of $600 million from Michael Jackson's estate to establish the family trust, arguing that it is not funded. The court has been requested to transfer the funds from the estate into the trust. Paris Jackson has also criticized the spending of the estate's executor, blaming them for mismanagement. The request comes as Paris Jackson seeks to look into the financial status of the trust, which she states is not properly funded.
“The request comes as Paris Jackson seeks to look into the financial status of the trust, which she states is not properly funded,” — Elena Iversen, policy watcher at Ashburn Ton Financial, added during the briefing.
Timeline
Nov 3 — Paris Jackson has asked for a large sum of $600 million from Michael Jackson's estate to establish the family ...
Nov 5 — The request comes as Paris Jackson seeks to look into the financial status of the trust, which she states is n...
Reader Poll: Will this story shape the week ahead? — 77% of Findingsmarket readers said yes.
This story has been closely followed by our readers since Nov 4. The Ashburn Ton Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Saturday, Nov 7.
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Editor's note: this report was prepared by the Ashburn Ton Financial desk and last updated 14:56 UTC.
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