Michael Jackson's Kids and Mother BLOCKED From Getting Trust Money; Here's Why

Michael Jackson’s three children – Paris, Prince, and Bigi and his mother, Katherine will not receive funds from the late legendary singer’s trust. As reported by PEOPLE, they all have been blocked from getting money until the dispute between his estate and the IRS (Internal Revenue Service) is resolved. The late singer’s mother and children are the beneficiaries of this trust.

In a document dated May 28, 2024, obtained by the entertainment portal, the executors have made it clear that as long as the legal battle continues the beneficiaries cannot be allocated money. “Virtually no request of Mrs. Jackson for her care or maintenance has been declined,” a part of the document read.

The legal dispute began when the IRS examined the federal estate tax return and “issued a note of deficiency” to the late pop icon’s estate. It alleged that the estate “undervalued its assets” and owed “an additional $700 million in taxes and penalties.”

In 2021, the estate challenged these allegations and won a trial in the tax court. Later, the estate also filed a motion for reconsideration regarding the court’s value of Mijac’s (Michael Jackson’s music catalog owned by Sony Music), which is still pending. “The value of the estate for tax purposes has not been determined. Once it is, the IRS and the estate need to agree to the value of deduction before a final judgment can be entered,” the report added.

Meanwhile, Michael Jackson’s family members issued a statement to clarify that they are still receiving payments through an allowance. “In annual reports provided to the probate court, which are publicly available, anyone can see that the Estate provides Michael’s mother and children with very substantial amounts of money to support them,” the statement read.

“The Estate has a very cooperative relationship with Michael’s children and whenever they need anything, the Estate works with them to ensure that they are very well taken care of, just as Michael would have wanted,” it added.

Michael Jackson was an American singer, songwriter, dancer, and philanthropist. Also known as the “King of Pop”, he was loved across the world. However, the singer passed away in June 2009.