Michael Jackson's Heirs Blocked from Trust Funds Due to IRS Dispute

Ongoing legal battles over estate valuation and tax liabilities prevent distributions to family beneficiaries.

The IRS claims the estate undervalued its assets, demanding an additional $700 million in taxes and penalties.
A 2021 court ruling favored the estate, but a motion for reconsideration on the music catalog's value is still pending.
Michael Jackson's children and mother are currently supported through a 'family allowance' instead of trust distributions.
Katherine Jackson seeks to use estate funds for her legal fees, leading to conflicts with grandson Bigi and estate executors.
The trust mandates 20% of the estate be donated to charity before any distributions to beneficiaries.