The Michael Jackson Family Trust is going to draw a lot of attention very soon. The Michael Jackson Family Trust has been set up as an entity to be used to help out Michael Jackson and recipients in his will, but most importantly
Michael Jackson Family Trust Will Control Michael Jackson Estate Decisions
the Michael Jackson Family Trust will control Michael Jackson's estate. As is dictated in the Michael Jackson will, MJ is giving his entire estate to the Michael Jackson Family Trust, where all of the assets will be managed together rather than as separate entities. The will makes things easier for the executors, and having the Michael Jackson Family Trust in place will help his children long-term as well.
In Michael Jackson's will, he outlines exactly what will take place, and in section III of the 2002 will, he enables the executors to put into action the Michael Jackson Family Trust. The will states, "I give my entire estate to the Trustee or Trustees then acting under that certain Amended and Restated Declaration of Trust executed on March 22, 2002 by me as Trustee and Trustor which is called the MICHAEL JACKSON FAMILY TRUST, giving effect to my amendments thereto made prior to my death. All such assets shall be held, managed and distributed as a part of said Trust according to its terms and not as a separate testamentary trust."
http://graphics8.nytimes.com/packages/images/nytint/docs/michael-jacksons-will/original.pdf
Michael Jackson Family Trust Will Control Michael Jackson Estate Decisions
the Michael Jackson Family Trust will control Michael Jackson's estate. As is dictated in the Michael Jackson will, MJ is giving his entire estate to the Michael Jackson Family Trust, where all of the assets will be managed together rather than as separate entities. The will makes things easier for the executors, and having the Michael Jackson Family Trust in place will help his children long-term as well.
In Michael Jackson's will, he outlines exactly what will take place, and in section III of the 2002 will, he enables the executors to put into action the Michael Jackson Family Trust. The will states, "I give my entire estate to the Trustee or Trustees then acting under that certain Amended and Restated Declaration of Trust executed on March 22, 2002 by me as Trustee and Trustor which is called the MICHAEL JACKSON FAMILY TRUST, giving effect to my amendments thereto made prior to my death. All such assets shall be held, managed and distributed as a part of said Trust according to its terms and not as a separate testamentary trust."
http://graphics8.nytimes.com/packages/images/nytint/docs/michael-jacksons-will/original.pdf
