Katherine And MJ’s Kids Get $86,000 Monthly Allowance
By Hello Beautiful September 17, 2009 5:31 pm
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.
Take a look at Michael below:
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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…….
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.
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!
randolph44137
Nas is hoping Kelis doesn’t here about this, she will want some more money.
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?
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.
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
masculine31
Mrs. Jackson needs the full amount of Michael’s money…What kind of shyt is this? lol these honkies always play games!
T2003J
damn I wish I was related. That kind of allowance is ludacris
mybeatzgood
they get an allowance what kind of s**t is that