The Jackson Family cannot let Anxiety get in the way
First of all I want to clarify something it was brought to my attention that Mother Katherine is not the trustee, I do not think I made the claim intentionally, I said:
Now Mother Katherine is the beneficiary basically meaning she will receive control over the trust. My understanding of what is being said is basically Michael invested his assets in order to gain greater value and basically assigned his mother as the agent to control the distribution probably of the income and value of said assets to his family as defined in the trust.
And to explain my position better I add this:
I understand a trustee is someone to hold legal title over the property for the benefit of the beneficiary and handle the business, but it goes to her, now do you think she will be all for self? I think Michael knew she would be fair to his Family. My article was just my interpretation and not a legal explanation or document; it was just what it means to me. There are a lot of unanswered questions about the will.
My understanding is that Michael did not name his trustees by name in the will, but made provisions and boundaries for them as to what their responsibilities are.
My problems with friends is that they feel a sense of anxiety; we took them this far and they lack trust in the judgment as to how things are shaping up. The settlement I promised to them if you remember was $200 Million each and $500 Million 10 ways is not $200 Million each and I explained money makes money and Michael’s estate will grow to at least $3 Billion over the next few years. They want to live extravagant or wasteful lifestyles now, but for at least 3 years they have to work. And let us not forget the kids which are Michael’s settlement and has to be honored.
They will have plenty of opportunities to make money and they can blow that money, but Michael setup the estate to turnover more money so that the settlement can be made in the future. They should be grateful they can see their money and watch it grow; I still cannot see mine’s, because this is just the beginning and that is my understanding and position.
Message of the Day
Is your life lacking in fun? You may not think so but your social life will be noticeably more enjoyable over the coming 12 months. A day when you don’t laugh out loud should be considered a day wasted.
No one is more sensitive to their environment than a Pisces and something in the air alerts you to the fact that something is not right with your friends. Find out why this bubble of tension exists and then prick it so it bursts.