Paris Jackson seeks US$600 million from Michael Jackson estate

Contributing sentiments towards policy:

51% : "These transactions alone resulted in pre-tax, pre-expense liquidity for the estate exceeding US$1 billion," the petition said.
47% : Both sides dispute the estate's finances and control, with Paris calling for "transparency and accountability" and the estate citing IRS tax battles; a hearing is set for Dec 4. Paris Jackson, the daughter of Michael Jackson, has petitioned a court to compel the executor of her father's estate to distribute US$600 million (S$770 million) to a family trust for her and her two brothers, accusing the estate's managers of incompetence and financial mismanagement.
45% : A representative for Michael Jackson's estate said in a statement that Paris Jackson's lawyers are aware that her father's estate is prevented from funding the philanthropic giving and individual trusts for beneficiaries until several legal hurdles are cleared, including "the ongoing IRS litigation where they sought US$700 million in taxes and penalties".
42% : And there are ongoing issues with taxes, which have taken years to untangle with the Internal Revenue Service (IRS).

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