Paris Jackson seeks $600 million transfer to family trust

Paris Jackson has asked a Los Angeles County judge to order a $600 million partial distribution from Michael Jackson’s estate to a family trust intended for her and her two brothers, renewing a dispute over how the estate is managed and when beneficiaries receive money. The petition was filed October 29 in Los Angeles County Superior Court. It alleges that the trust remains unfunded more than 17 years after the singer’s death, despite provisions for the siblings to receive income from age 21 and staged distributions of trust principal at ages 30, 35 and 40. The court’s ruling on the request has not been reported. Paris’s filing says Prince, Paris and Bigi have received amounts smaller than the trust terms provide, and alleges that payments to the siblings were reduced after earlier legal filings. The estate disputes that account. A spokesman said the estate cannot fully fund beneficiary trusts until legal issues are resolved, including ongoing litigation with the IRS, and called the claim that payments were withheld or cut a fabrication. The estate said more than $200 million has already been distributed for the benefit of Paris and other beneficiaries. The petition argues...