Michael Jackson’s estate has generated more than $310 million in the two years since we lost the King Of Pop, enabling executors to distribute a preliminary payment of $30 million to Michael’s mother and children, and to unnamed charities, according to recently filed court documents.
Some creditor claims remain open, according to the documents, but the deadline for filing claims against the estate has passed.
“For a number of reasons, including without limitation, pending litigation and a pending estate tax audit, the estate is not yet in a condition to be closed,” the document said.
They indicated that the $30 million was a preliminary distribution to the trust and more would be forthcoming in the future.
A hearing for a judge’s approval of the plan is set for Sept. 28.
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