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Katherine And MJ’s Kids Get $86,000 Monthly Allowance

Written by Hello Beautiful on September 17, 2009 5:31 pm

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From TMZ.com:

Up to now we didn’t know how much Katherine Jackson was getting by way of allowance while Michael Jackson’s estate gets probated. In legal docs just unveiled today, we now know the special administrators asked to pay her $26,804 per month.

As for the kids, the family allowance for them is $60,000 per month.

The docs also say “…the Estate assets consist of real and personal property exceeding $500 million and that the Estate is solvent [liquid and able to pay its bills].”

Katherine and Michael’s 3 kids will continue to get an allowance – which is subject to change – until the estate is probated. That could take between 1 and 2 years from now.

Trailer: MJ’s “This Is It”

Take a look at Michael below:

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  • http://thedailyparr.com/michael-jackson/posts-about-michael-jackson-as-of-september-17-2009-13/ Posts about Michael Jackson as of September 17, 2009 » The Daily Parr

    [...] ‘Rock’Katherine Jackson: ‘The Children Are Doing Fine’ Share and Enjoy: MJ’s Mom And Kids Get $86,804 A Month Allowance – hellobeautiful.com 09/17/2009 From TMZ.com: Up to now we didn’t know how much Katherine [...]

  • http://www.blackplanet.com/mybeatzgood/ mybeatzgood

    they get an allowance what kind of s**t is that

  • http://www.blackplanet.com/T2003J/ T2003J

    damn I wish I was related. That kind of allowance is ludacris

  • http://www.blackplanet.com/masculine31/ masculine31

    Mrs. Jackson needs the full amount of Michael’s money…What kind of shyt is this? lol these honkies always play games!

  • http://www.blackplanet.com/2good2bsingle/ 2good2bsingle

    @ MyBeatzGood.. I’ll tell you what kind of SHYT that is.. It’s BULLSHYT!! Anyway.. WHy in the HELL was the General Public asked to make donations to help fun his Memorial Services if they got THIS KIND of money to throw around??!! >:-O

  • http://www.blackplanet.com/Southern_Swagger82/ Southern_Swagger82

    I thought when you die all debts die with you and they can’t touch inheritance, well I guess that is different when your debt is 500million.

  • http://www.blackplanet.com/KillaDymeGurl15/ KillaDymeGurl15

    I wonder if each kid gets $20k. And what do they spend it on? I mean they’re like what…12 and 10 and like 7? how many toys can u buy in a month?

  • http://www.blackplanet.com/randolph44137/ randolph44137

    Nas is hoping Kelis doesn’t here about this, she will want some more money.

  • http://www.blackplanet.com/xXHunny-BunnyXx/ xXHunny-BunnyXx

    DAMN thats crazy!

    I could watch them, for like… hmmm $25G’s… a month.

    LOL.. see Im at a discount, Im trying to SAVE YOU MONEY!

  • http://www.blackplanet.com/samsthewon/ samsthewon

    I’d much rather his mother get the money…than that “THANG”,Debbie Rowe!…That’s pretty much what he wanted in the first place.In the event that something happened to his mother or she was unable to handle raising the kid’s.Then he wanted Diana Ross,to step in.

  • http://www.blackplanet.com/jazzwatch/ jazzwatch

    Mike also had a music library that will rake in millions for their kids when they get older. wish I could had been born into THAT family…….

  • http://hellobeautiful.com/your-world/best-of-2009/biggest-baby-mama-drama-of-09/ Biggest Baby Mama Drama Of ’09 | Hello Beautiful

    [...] were involved in a lot of baby mama drama with Debbie Rowe and also baby daddy drama. It still hasn’t been confirmed that Michael was actually the father of his kids but there’s a lot of people out there who [...]

  • http://praiserichmond.com/national/mikkispencer/katherine-jackson-deserves-grandmother-of-the-year-award/ Katherine Jackson Deserves Grandmother Of The Year Award | PraiseRichmond – Praise 104.7

    [...] Katherine And MJ’s Kids Get $86,000 A Month [...]

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