Jackson’s Lack of Liquid Cash

According to financial information on Michael Jackson’s estate in 2007, Jackson’s liquid cash comprised less than one percent of his total net worth. 

Although I have reported that Jackson’s estate has profited since his death, if Jackson’s debt and the cost of administering his estate is larger than the estate’s profits, the lack of liquid cash could be an issue.

See TMZ, Michael Jackson: Very Cash Poor, Aug. 25, 2009.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.