A 74-page document filed at a Los Angeles court by executors, including close friends John Branca and John McClain, included where all expenses went; $10.8million on a house for the children and $85,297.65 for a top-of-the-range Cadillac Escalade for their security team. Budding film director
The court papers state the executors have “disposed of most of the creditors’ claims”, but some debts still remain.
This means his children Paris, 20, Prince, 21, and Blanket, 16, are set financially and will not have to worry about losing any property or right to creditors with bogus claims.
Before their Jackson's untimely demise in 2009 with debts of $500million, the Pop king said they were like "vagabonds."
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