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MICHAEL JACKSON - JACKSON'S ESTATE WILL GO TO KIDS
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JACKSON'S ESTATE WILL GO TO KIDS
MICHAEL JACKSON's estate will provide for his mother KATHERINE throughout her lifetime, but after her death the matriarch's share will pass to the superstar's three children, according to a new report.
Previous reports claimed Katherine Jackson had been left 40 per cent of the net value of the singer's assets, following his tragic death in June (09), with another 40 per cent going to the children and the remaining 20 per cent donated to charity.
But now TMZ.com is claiming Katherine, 79, will not receive her share outright - the estate will give her an allowance until her death, when the remaining portion will be given to Prince Michael, 12, Paris, 11 and Prince Michael II aka Blanket, seven.
A court in Los Angeles last month (Sep09) granted Katherine a monthly allowance of $86,000 (£57,300) to cover living expenses for her and those of the singer's three children, who she was given guardianship of in July (09).
12 October 2009 12:06
Tags: Michael Jackson - Katherine
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View all comments (2) - Comment on this story
Another TMZ report sort of like the report on MJ's supposed "wobble." TMZ is so
unreliable.
This is who should benifit from what he had, i can under stand his mom an his
children are his rights of survivors , no one else should even think about
cashing in on it,you now see a side of michael that no one knew about i read
where all a long michael was giving his mom money every month, their is nothing
wrong with this at all,but one site you see where he has passed away an another
site says he,s alive,so i dont think you will ever no if he has really passed
or he is alive an well some where, the media gives a lot of statements whether
true or not people tend to belive what they read i am skeptical over things,
photos are strange you see what they want you to see or not,if michael had been
as they say dead for an hour prior to the 911 call the body would look that way
an not the way it was shown on tv, ive seen people in the dead state an in the
morgues before, they dont look like an alive person at all, so are the photos
real or not ? you all must be the judge,any one can hype up a storie to make it
apear real!


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