The Jackson Family's Allowance Revealed

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:

Assistant: $4,722
Insurance for Asst: $475
Housekeeper: $2,080
Driver: $2,000
Payroll and Taxes on gross salaries: $1,760
Utilities: $3,260
Clothing: $3,500
Personal grooming: $1,000
Entertainment: $1,500
Car Expenses: $1,750

The Total (not including a few unlisted expenses): $26,804 per month