or
Sign in with lockrMail
BREAKING NEWS
OK LogoNEWS

Allowance for Michael Jackson's Kids Decided

2009__09__gyi88888813 153×225.jpg

Sept. 17 2009, Published 11:19 a.m. ET

Link to FacebookShare to XShare to FlipboardShare to Email

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."

MORE ON:
Blanket Jackson

Want OK! each day? Sign up here!

Article continues below advertisement

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

More From OK! Magazine

    Opt-out of personalized ads

    © Copyright 2024 OK!™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. OK! is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.