“The Estate was able to secure a ruling to significantly reduce that amount, but the matter has not been settled and could still change,” the estate told the outlet before denying Paris’ claim that it’s been withholding or reducing payments to the beneficiaries, calling the accusation “a complete fabrication.”
The estate added that more than $200 million had already been distributed for their benefit and noted that, according to Michael’s will, “None of his children receive a distribution until they are in their 30s.”
The statement concluded, “The Estate looks forward to the time when all issues are resolved so that their trusts can be fully funded as Michael wanted.”
But a spokesperson for Paris disputed the estate’s response, telling the outlet, “The Estate is once again deflecting from its own incompetence. Paris called for the trust to be partially funded, something Mr. Branca had the ability and obligation to do long ago.”
The statement continued, “After years of delay, Paris had no choice but to step in herself.”
For a look back at Michael’s kids through the years, keep reading…