Allowance for Michael Jackson's Kids Decided

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

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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."

Blanket Jackson
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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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