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Allowance for Michael Jackson's Kids Decided

After months of legal wrangling, the amount of money allotted for Michael Jackson’s children — Prince, Paris and Blanket — has finally been decided: TMZ reports that according to legal documents released today, the kids will receive a monthly allowance of $60,000.

Additionally, Katherine Jackson, Michael’s mother, will receive $26, 804 per month. The Jackson estate is currently being probated and the legal docs state that, “the Estate assets consist of real and personal property exceeding $500 million and that the Estate is solvent.”

Katherine and the kids will continue to get an allowance until the estate is probated entirely, which could take up to two years.

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