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Image: Paris-Michael Katherine Jackson, LaToya Jackson, Prince Michael Joseph Jackson, Prince Michael Jackson II
Mario Anzuoni  /  Reuters
The children of the late Michael Jackson (here with aunt La Toya Jackson), Paris-Michael Katherine Jackson (far left), Prince Michael Joseph Jackson Jr. (second from right), and Prince Michael Jackson II (right), will be receiving millions from his estate.
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updated 9/14/2011 9:51:25 AM ET 2011-09-14T13:51:25

Michael Jackson's estate has generated more than $310 million in the two years since the pop singer died deeply in debt, enabling executors to distribute a preliminary payment of $30 million to Jackson's mother and children, and to unnamed charities, according to recently filed court documents.

Executors also disclosed Tuesday that Jackson's mother, Katherine, is putting the family's fabled Encino compound up for sale and wants the executors to negotiate the purchase of a new residence for her and the children, Paris, Prince and Michael Joseph Jr., known as Blanket.

Story: 30-page jury survey for Jackson doctor released

The Encino property, where Jackson grew up and where several of his siblings lived in a cottage near their parents' home was appraised at $4.15 million in 2010 but has since undergone extensive renovation. Katherine Jackson and the children moved out and have been living at a leased Calabasas home that is for sale for about $10 million. The executors said Katherine Jackson has identified a number of homes in that price range that would suit her needs and that of the children.

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The executors said the trust and the California attorney general's office, which is representing charities as beneficiaries of the estate, have been pressing for distribution of funds.

The executors, John Branca and John McClain, filed a detailed accounting of finances since Jackson's death on June 25, 2009. By the end of last year, the estate had produced more than $310 million in gross revenues. "Since that date, the estate assets have continued to generate additional income," the executors said.

Notably, they said they were able to refinance and secure the estate's interest in the Michael Jackson music catalog, Mijac, and the Sony/ATV publishing catalog, which includes portions of The Beatles' catalog.

Slideshow: Jackson's looks: The face of change (on this page)

They said they reduced debt obligations by more than $90 million and refinanced loans at lower interest rates. They also benefited from the release of the posthumous concert film, "This Is It," and said they were able to pay off dozens of approved creditors' claims as well as Jackson's income taxes. Some creditor claims remain open, according to the documents, but the deadline for filing claims against the estate has passed.

"For a number of reasons, including without limitation, pending litigation and a pending estate tax audit, the estate is not yet in a condition to be closed," the document said. They listed cash on hand of $90 million.

They indicated that the $30 million was a preliminary distribution to the trust and more would be forthcoming in the future.

Slideshow: Michael Jackson’s life and career (on this page)

A hearing for a judge's approval of the plan is set for Sept. 28.

Jackson's death remains in the news as his doctor, Conrad Murray, is set to go on trial on involuntary manslaughter charges. He is accused of negligently administering the anesthetic propofol.

Jackson died of an overdose of the drug he was using for sleep. At the time of his death, he was due to launch a concert tour in England. Rehearsal footage for that concert was the basis of the movie "This Is It."

Do you think Jackson's kids have a chance at a normal life? Discuss on Facebook.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos: Michael Jackson’s life and career

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  1. Little boy Michael

    Jackson was just 12 when this picture was taken in May 1971, but his career was already stratospheric. Berry Gordy had signed the Jackson 5 to Motown Records in 1968, and Michael and his brothers had already topped the charts with "ABC" and "I'll Be There." It was a bright start for the boy from Gary, Ind. (Henry Diltz / Corbis) Back to slideshow navigation
  2. Signs of success

    Michael Jackson, far left, and the rest of the Jackson Five; the five brothers from Indiana were signed to Berry Gordy's Motown record label pose in 1972. (Frank Barratt / Getty Images file) Back to slideshow navigation
  3. All in the family

    The Jackson 5 performs in Los Angeles on a 1970s Bob Hope TV special. Michael continued to front the band, but his solo career was already on the rise, starting with 1971's "Got to Be There." (Neal Preston / Corbis) Back to slideshow navigation
  4. A wonderful Wiz

    Michael Jackson at the opening of "The Wiz." The 1978 movie musical was the first time Michael worked with legendary producer Quincy Jones, who would soon produce Jackson's breakout solo album, "Off the Wall," and eventually the "Thriller" album as well. Jackson's "Wiz" co-star was friend and mentor Diana Ross, who had introduced the world to the Jackson 5 back in 1969. (Bettmann / Corbis) Back to slideshow navigation
  5. Wanna be startin' somethin'?

    Michael Jackson performs in concert during a 1981 tour with his brothers. During the tour Michael began writing down ideas for a solo project that blossomed into the highest-selling album of all time. (Susan Phillips / Corbis) Back to slideshow navigation
  6. Michael Jackson and Diana Ross hold their American Music Awards in L.A. Jackson won for favorite soul album and Ross won for favorite female soul vocalist. (Juynh / AP) Back to slideshow navigation
  7. Fright night

    Michael Jackson stands with a group of dancers dressed as zombies while filming his 1983 video "Thriller." "Thriller" was revolutionary in the music industry. The zombie-themed minimovie put MTV on the map and essentially confirmed music videos as an art form of their own. The album sold 25 million copies in the United States alone. (Corbis / Sygma) Back to slideshow navigation
  8. Moment of stardom

    Michael Jackson performs the moonwalk for the first time on television's "Motown 25," a tribute to Berry Gordy. The dance move that would become Michael's trademark stunned viewers and the crowd, and marked his imminent crowning as the King of Pop. (Bettmann / Corbis) Back to slideshow navigation
  9. Handfuls of glory

    With Quincy Jones at his side, Michael Jackson holds six of the eight awards he won for "Thriller" at the 1984 Grammy Awards. His outfit, complete with epaulettes, sequined glove and dark shades, became a quintessential Michael look. (AP) Back to slideshow navigation
  10. Role model

    During a May 1984 ceremony at the White House, Michael Jackson accepts a Presidential Award from President Reagan as First Lady Nancy Reagan looks on. Jackson was honored as a model for American youth, and for lending his hit song "Beat It" to a new campaign against drunk driving. (Bettmann / Corbis) Back to slideshow navigation
  11. A scary day

    Michael Jackson, background, is seen with his hair on fire during a taping of a Pepsi TV commercial in Los Angeles on February 1984 as brother Jermaine Jackson, foreground, continues to perform, apparently unaware of the situation. (AP) Back to slideshow navigation
  12. LONDON-1985: Michael Jackson is lead through a crowd by policeman on a promotionial tour of Great Britain in London.(Photo by Dave Hogan/Getty Images)UK NEWSPAPERS OUT WITHOUT PRIOR CONSENT FROM DAVE HOGAN. PLEASE CONTACT SALES TEAM WITH ENQUIRIES (Dave Hogan / Getty Images) Back to slideshow navigation
  13. They were the world

    In January 1985, a who's-who of the music and movie worlds came together to sing "We Are The World," written to benefit famine victims in Ethiopia. Michael Jackson can be seen front and center, along with Stevie Wonder, Lionel Richie, Diana Ross, Elizabeth Taylor, and dozens of other stars. Michael's sister Janet can be seen bottom right. (Bettmann / Corbis) Back to slideshow navigation
  14. Victory lap

    Guitarist Eddie Van Halen, left, makes a July 1984 guest appearance during Michael Jackson's Victory Tour concert in Irving, Texas. Van Halen had recorded the now immortal guitar riff on "Beat It," to the displeasure of bandmate David Lee Roth, but to the delight of nearly everyone else. (Carlos Osorio / AP) Back to slideshow navigation
  15. Who's bad?

    Michael Jackson and his dancers in concert during a 1987 Tokyo concert on Jackson's "Bad" tour. The previous year, he had starred in the 3-D film "Captain EO," one of the most expensive short films ever. But Jackson had begun to draw more criticism as his albums and videos grew costlier and more infrequent. His next album, "Dangerous," wouldn't arrive until 1991. (Neal Preston / Corbis) Back to slideshow navigation
  16. A difficult year

    A cameraman photographs Michael Jackson and Oprah Winfrey in January 1993. This was the year Jackson was first accused of child molestation, and he took an opportunity on a 90-minute Oprah TV special to address the charges. The criminal allegations eventually were dropped, but Jackson reportedly paid as much as $25 million to settle the claims. (Neal Preston / Corbis) Back to slideshow navigation
  17. Black and white at the Super Bowl

    Michael Jackson gives a performance with 30,000 children during the Super Bowl XXVIII halftime show, on January 31, 1993, in Pasadena, Calif. Despite allegations against him, Jackson's career had regained momentum with hits like "Black or White" and "Remember the Time," and the "Dangerous" album was a multi-platinum seller. (Ralf-Finn Hestoft / Corbis) Back to slideshow navigation
  18. Michael Jackson and French mime Marcel Marceau clowning for the cameras at the Beacon Theatre in New York on Dec. 4, 1995. (Bob Strong / AFP - Getty Images) Back to slideshow navigation
  19. Power marriage

    Michael Jackson and his wife Lisa Marie Presley are seen at Neverland Ranch in preparation of the Children's World Summit in April 1995. Presley would file for divorce less than a year later, prompting speculation about just what had inspired the relationship. (Steve Starr / Corbis) Back to slideshow navigation
  20. Golden man

    Michael Jackson performs on stage during is "HIStory" world tour concert at Ericsson Stadium in November 1996 in Auckland, New Zealand. (Phil Walter / Getty Images) Back to slideshow navigation
  21. Marriage 2.0

    Just months after his divorce from Lisa Marie, Michael Jackson walked back up the aisle with Debbie Rowe. This wedding photo was released by Jackson's publicist minutes after the Nov. 13, 1996, ceremony in Sydney, Australia. But the pairing was less about romance and more about bearing Jackson a child, and the two would divorce three years later, with Rowe eventually ceding parental rights to Jackson. (Reuters / Corbis) Back to slideshow navigation
  22. Best of friends

    Michael Jackson and actress Elizabeth Taylor arrive at a Sept. 7, 2001, concert celebrating the 30 years of Jackson's career. The two stars had been longtime friends, and Taylor is godmother to two of Michael's children. (Jeff Christensen / Reuters / Corbis) Back to slideshow navigation
  23. (FILES) Photo dated November 13, 2002 shows US entertainer Michael Jackson testifying in Santa Maria, Calif. Superior Court in a trial in which he is accused of cancelling concert appearances, costing the promoter several million dollars. (- / AFP - Getty Images) Back to slideshow navigation
  24. Not so invincible

    Michael Jackson poses for photographers during a Nov. 2001 appearance in New York's Times Square. Jackson made his first ever in-store appearance to promote his new album, "Invincible," which was released Oct. 30. "Invincible," at the time the most expensive album ever produced, fared better with critics and fans than 1995's "HIStory," but questions began to surface about the future of Jackson's career. (Brad Rickerby / Reuters/Corbis) Back to slideshow navigation
  25. One big mistake

    Michael Jackson holds a towel-covered Prince Michael II over the balcony of a Berlin hotel on Nov. 19 2002. Jackson later called the incident a "terrible mistake," but the image of him dangling his baby son out a window shocked even many die-hard fans. And his reputation was to receive far worse damage just a few months later. (Tobias Schwarz / Reuters) Back to slideshow navigation
  26. Arresting development

    Michael Jackson is pictured in this Santa Barbara County Sheriff's Department mug shot from Nov. 20, 2003. In a February 2003 documentary, Jackson acknowledged letting boys sleep in his bed. Soon after, Santa Barbara district attorney Tom Sneddon launched a probe into allegations that Jackson had molested a teen boy who appeared in the program. Authorities raided Neverland Ranch in November, and Jackson surrended for arrest days later. (Santa Barbara County Sheriff's D / Reuters) Back to slideshow navigation
  27. Family support

    Michael, center, and sisters LaToya, left and Janet Jackson walk over to greets fans during a lunch break at a pretrial hearing in Santa Maria, Calif. in this Aug. 16, 2004 file photo. (Pool / Reuters) Back to slideshow navigation
  28. MJ's PJs

    Michael Jackson wears pajama pants and is aided by bodyguards after arriving more than an hour late to court on Mar. 10, 2005, during his trial on the 2003 molestation charges. Jackson appeared after Judge Rodney Melville threatened to revoke his bail. (Kimberly White / pool via Reuters) Back to slideshow navigation
  29. Singin' with the kids

    Michael Jackson sings with some of his young fans at the World Music Awards at Earls Court in London on Nov. 16, 2006. (Graham Jepson / WireImage) Back to slideshow navigation
  30. Fans in uniform

    Michael Jackson receives a letter of appreciation from Col. Robert M. Waltemeyer, the garrison commander of Camp Zama, on March 10, 2007 in Zama, Japan. Michael greeted thousands of U.S. troops and their family members at the U.S. Army base. (U.S. Army via Getty Images) Back to slideshow navigation
  31. Father figure

    Michael Jackson walks with kids Prince and Paris through a studio parking lot in Los Angeles in March 2009. The singer had been spotted with his entourage going to a studio on a cold rainy day in the city. The pop star stayed at the studio for more than two hours, and there were many production people working around him, suggesting that the star was filming. (Splash News / Splash News) Back to slideshow navigation
  32. Concert tour planned

    Fans take pictures of an electronic screen projecting a press conference by Michael Jackson at the O2 arena in London on March 5, 2009. The pop megastar announced he would play a series of comeback concerts in London in July, his first major shows in more than a decade. (Ben Stansall / AFP/Getty Images) Back to slideshow navigation
  33. Reaching for redemption

    Jackson, center, is shown in Los Angeles on May 6 during rehearsals for his planned concert tour in London. "He was on the eve of potentially redeeming his career a little bit," said Billboard magazine editorial director Bill Werde. "People might have started to think of him again in a different light."

    Discuss the life and impact of Michael Jackson in PhotoBlog. (Courtesy of Michael Jackson via) Back to slideshow navigation
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  1. Michael Jackson in a Butterfly Collar Shirt
    Henry Diltz / Corbis
    Above: Slideshow (33) Michael Jackson’s life and career
  2. MICHAEL JACKSON
    AP
    Slideshow (16) The face of change

Video: Michael Jackson's doctor on trial

  1. Closed captioning of: Michael Jackson's doctor on trial

    >>> selection is under way in the trial of dr. conrad murray . the personal physician accused of killing one of the greatest stars of music that ever lived. the king of pop , michael jackson . it was june 25th , 2009 when the world was stunned, almost speechless when news emerged that mr. jackson had been found dead in a mansion in california. they determined his death was caused by a lethal dose of propofol that he had been using as a treatment for insomnia. it came three weeks before he was due to launch a major come back tour that included no less than 50 concerts worldwide. sadly not a single concert took place. dr. murray is charged with involuntary manslaughter and could face four years. for more on the case, i am joined by jamie floyd, the attorney and the managing editor of the world report . given michael jackson 's worldwide fame, i guess the idea of jury selection is challenging.

    >> to say the least. the judge asked any among you who never heard of conrad murray or this case, please raise your hand. i guess you will be not surprised to hear not a soul in the room raised his or her hand. every person has heard at least something about the case. the constitution doesn't guarantee you a group of ignorant people who know nothing, but a jury of your peers who can be fair zeechlt seen in recent high profile cases, casey anthony and robert blake and going back to o.j. simpson . you can get a fair trial .

    >> in the casey anthony case, the jury was sequestered.

    >> yes. here they will not be. studies have shown that it doesn't always benefit the defense. they can go home and relax and put it aside. they cannot consult the internet and media and they are not supposed to sweet or look at facebook, but the judge may have made the right decision for both parties.

    >> there is some suggestions and rumors from the defense, they are shaping up to suggest that mr. jackson may have died as a result of self administering drugs, maybe propofol or other drugs. is that viable given that he is supposedly the qualified doctor. he is paid to care for him.

    >> if you look at the papers and the pretrial motions, that's part of what we have thus far. it's early. we haven't even gotten to the first bit of real evidence in the case. this is a legitimate defense. this is a manslaughter case. part of this isallied by the prosecutors. this is not a bar fight which is one of the classic involuntary fact patterns. what are the other possible defenses? that the victim was an independent actor who interfered in a way that caused his own death or that third party actors now caused his death. third party doctors that have been suggested by the defense papers and others. or others that are thus far unknown.

    >> the until community made it clear that anesthetics like propofol which is so lethal should only take place in a hospital setting. what possible defense does he have for allowing this to take place in someone's residential home?

    >> involuntary manslaughter is about recklessness. it's about criminal negligence . that's how a lay person would about it in and an absence of malace. every doctor that i talked to said you would never administer this in a home. only a support setting. that goes to his license as a doctor and not necessarily to criminal culpability and not to a guilty verdict.

    >> thank you very much for

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