Jackson estate pays singer's mother $86,000 a month for expenses
Michael Jackson’s estate is paying his mother more than $86,000 a month to cover her living expenses and those of the pop icon’s three children, according to papers filed today in probate court.
The singer supported his mother, Katherine, 79, during his life and left her and his children the majority of his vast music empire in a 2002 will.
Since it could take years to settle Jackson’s affairs and fund the family trust that will support her and the children, estate administrators received court approval to pay Katherine Jackson a personal allowance and an extra amount for the support of the children. Jackson’s estate is estimated to be worth more than $500 million, according to court papers.
She will receive $26,804 a month and control an additional $60,000 for food, clothing, education and entertainment for his children, according to the Superior Court documents and attorneys’ comments in recent court hearings.
The allowances do not include housing expenses because Jackson owned the Encino residence and the estate is separately paying the mortgage, gardeners, insurance and taxes associated with the property. The allowances are separate from a life insurance policy that named Katherine Jackson and the children as beneficiaries, according to the court papers.
The amount paid by the policy was ordered blacked by Judge Mitchell Beckloff, who also granted requests by an attorney for the children to redact their specific living expenses to protect their privacy.
According to a budget for Katherine Jackson attached to the filing, the family matriarch’s monthly expenses include salaries for an assistant, a housekeeper and a driver as well as $3,500 for clothing and $1,000 for grooming.
Jackson’s father and siblings are not mentioned in the court papers, and the administrators’ lawyers wrote that "no individuals other than the minor children and Mrs. Jackson are entitled to a family allowance in this estate."
-- Harriet Ryan