$86,804 a Month to Jackson’s Mom, Kids
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 in the San Fernando Valley.
Katherine Jackson’s $26,804 per month pays for an assistant, housekeeper, driver, utilities, clothing, grooming and other expenses.
September 22nd, 2009 at 6:30 am
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