Paris Jackson seeks $600 million transfer to family trust

Paris Jackson has asked a Los Angeles court to order Michael Jackson’s estate to transfer $600 million to a trust for her and her brothers. The estate disputes her claims, citing unresolved legal matters and saying more than $200 million has already been distributed to or for beneficiaries.

• Paris Jackson’s October 29 petition asks a Los Angeles judge to direct the estate to transfer $600 million, or another amount the court considers appropriate, to the Michael Jackson Family Trust.· 1 source
• Jackson says the estate has sufficient funds and alleges that the children’s trust has not been funded as intended; the estate says unresolved legal hurdles, including IRS litigation, prevent full funding and denies withholding or cutting payments.· 1 source
• The filing also seeks reimbursement of legal fees and costs. A hearing is scheduled for December.· 1 source