1:30 AM
Faraz
September 17, 2009, (Sawf News) - Katherine Jackson is being paid a monthly allowance of $86,000 from Michael Jackson's estate, and his three children $60,000, according to legal documents made public on Thursday, September 17.
A judge approved the allowance last month but the precise amounts were not made public at that time.
The estate will continue to pay the allowances, which are subject to change, till it is probated, a process that could take between 1 and 2 years, reports TMZ.
Jackson's will leaves 40% of his estate to Katherine, 40% to his children and the remaining 20% to unspecified charities.
According to the documents, Jackson's estate lawyers believe the estate is solvent and worth over $500 million. Future business deals are expected to generate additional "tens of millions of dollars."
Katherine, 79, and Michael's children were financially dependent on the singer who died of cardiac arrest on June 25. Michael had paid Katherine's living expenses for years before his death.
According to TMZ, Katherine's monthly expenses, as listed in the documents, include the following major items:
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
