(Cover) - EN Showbiz - Michael Jackson's Trust is in line to receive $30 million.

The money will apparently go to the late King of Pop's mother Katherine Jackson and his three children, Prince, 14, Paris, 13 and nine-year-old Blanket.

TMZ are reporting that co-Executors of the Trust, John Branca and John McClain are trying to get the court's permission to fund the Trust from Michael's Estate.

The fund set up to look after the Bad singer's assets, has made a staggering $310 million in gross revenues as of December 2010.

Katherine also wants to sell the Jacksons' longtime family home on Hayvenhurst Avenue in Encino, California where they first moved to after leaving their hometown of Gary, Indiana back in 1969.

The property was valued at $4,150,000 when Michael died in 2009 and she is said to be looking at several properties in the hope of purchasing one for the new family residence.

Michael Jackson's Estate receives revenue from album sales, merchandise and will profit from the tribute concert being held in Wales next month in honour of the singer. (C) Cover Media