Michael Jackson’s mum Katherine puts Encino compound up for sale
New York: Late Michael Jackson’s mother Katherine Jackson is putting the family’s legendary Encino compound up for sale.
Katherine, 81, also wants executors to negotiate the purchase of a new residence for her and the late singer’s children, Paris, Prince and Blanket, the New York Daily News reported.
The news of the sale was disclosed as a part of recently filed court documents, which also revealed that Jackson’s estate had generated more than 310 million dollars in the past two years.
The money earned from the deceased singer’s estates, who had died deeply in debt, has enabled executors to distribute a preliminary payment of 30 million dollars to Katherine, the children and unnamed charities.