Michael Jackson's mother is receiving $86,804 per month from her son's estate to support herself and her three grandchildren, according to court records released Thursday.
Katherine Jackson is one of the primary beneficiaries of her son's estate along with the late pop singer's three young children and unnamed charities.
Over the course of a year, Jackson's mother and children are slated to receive more than $1 million in support from the estate. Katherine Jackson's monthly allowance is $26,804; the children's allowance is $60,000 per month.
Los Angeles Superior Court Judge Mitchell Beckloff approved a monthly stipend for Katherine Jackson and her three grandchildren in August. The amount of the payments had been sealed until Thursday.
Katherine Jackson has been named the children's permanent guardian. They are currently living at the Jackson family home, Hayvenhurst, located in the San Fernando Valley.
Katherine Jackson's $26,804 per month pays for an assistant, housekeeper, driver, utilities, clothing, grooming and other expenses.
She should get more. She does not have much longer to enjoy Michael's money so why not let her have it?
ReplyDeleteWhy does she have an allowance? She should be able to do what she wants with her money. They are treating her like a child.
ReplyDeleteThey do not want to let her get control of the funds. She would just let Jermaine and LaToya spend it up on hair in a can and baby doll weave.
ReplyDeleteI think they should get more money. There is plenty to go around. I do think they need a money manager so Joe and her adult children don't get their hands on it.
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