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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
Jackson's Mom Gets $86K a Month
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)

(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.
(Read more Michael Jackson stories.)

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