Looks like Katherine Jackson will be compensated quite nicely for taking care of Michael Jackson’s children. TMZ reported that legal documents unveiled today, reveal all the details. The special administrators asked to pay her $26,804 per month and the family allowance for the children is $60,000 per month.
The docs also say “…the Estate assets consist of real and personal property exceeding $500 million and that the Estate is solvent.”
Katherine as well as Michael’s three children, will continue to get an allowance (subject to change) until the estate is probated, which could take between 1 and 2 years from now.
The children’s expenses:
Salaries and payroll benefits: $315,580 per year
Basic needs: $141,300 per year
Entertainment and other: $159,120 per year
Totaling: $720,000 per year
Katherine’s expenses per month:
Insurance for Asst: $475
Payroll and Taxes on gross salaries: $1,760
Personal grooming: $1,000
Car Expenses: $1,750
The Total (not including a few unlisted expenses): $26,804 per month