Jackson's Mom Gets $86K a Month

Estate awards allowance while singer's affairs are settled
By Nick McMaster,  Newser Staff
Posted Sep 17, 2009 4:30 PM CDT
In this June 13, 2005, file photo, Michael Jackson and his mother, Katherine, leave Santa Barbara County Superior Court in Santa Maria, Calif.   (AP Photo/John G. Mabanglo, Pool)
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(Newser) – Michael Jackson’s estate pays his mother $86,804 every month, the LA Times reports. Estate administrators set up the allowance because the pop singer’s estate—worth an estimated $500 million—is so vast that settling it in court could take years. The allowance pays Katherine Jackson $26,804 every month for her own expenses and $60,000 to be spent on Michael’s three children. None of the money has to go to housing expenses, because Jackson’s estate is paying the mortgage on the Encino ranch separately.