Sunday, September 20, 2009

Michael Jackson: 86 000 $ per month for his mother Katherine


The mother of Michael Jackson receives an attractive monthly stipend to take care of three children of the deceased singer. She receives 86000 $ per month drawn out of the assets of his son. According to legal documents made public Thursday in Los Angeles, Katherine Jackson receives 86004 $ per month to meet his needs And those of three children of Michael. A judge has approved the grant last month. The documents indicate that Katherine Had always been financially dependent on her son and that he pays all the costs of substance of his mother who lived at the family residence located in Encino, California. Lawyers who are in the succession of singer evaluate the deceased's assets to over 500$ million. They also believe that future transactions involving the name of Michael Jackson could generate "tens of millions". Katherine was named legal guardian of three children of his son. The lady and three young people are the main beneficiaries named in the will of Michael. The King of Pop Had also named certain charities.

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