How much money does Katherine Jackson get monthly from Michael Jackson’s estate, how much child support does she receive, you want to know right? Court documents released Thursday in Los Angeles show that Katherine Jackson is receiving $86,804 per month from her son’s estate to support herself and her three grandchildren. Katherine Jackson is paid $26,804 per month and the 3 kids $60,000 per month.
Michael Jackson may have died owing an estimated $400 million, but in new court documents the executors of the singer’s estate assert there are “assets consist of real and personal property exceeding $500 million and that the estate is solvent.” Executors John Branca and John McClain also state they were successful in recovering over $5.5 million dollars in cash from a former unamed business advisor. The funds were in a personal Michael Jackson account and have been transferred to the Trust account. The executors asked the Court to approve an allowance for Michael’s mother Katherine Jackson and his three children, although the amount in blacked out in the documents. Continue reading Michael Jackson Didn’t Die Broke
