LOS ANGELES — Michael Jackson’s estate is paying his mother more than $86,000 a month to cover her living expenses and those of the pop icon’s three children, according to papers filed Thursday in probate court.
The singer supported his mother, Katherine Jackson, 79, during his life and left her and his children the majority of his vast music empire in a 2002 will.
Since it could take years to settle Jackson’s affairs and fund the family trust that will support her and the children, estate administrators received court approval to pay Katherine Jackson a personal allowance and an extra amount for the support of the children.
Jackson’s estate is estimated to be worth more than $500 million, according to court papers.
His mother will receive $26,804 a month and control an additional $60,000 for food, clothing, education and entertainment for his children, according to Superior Court documents and attorneys’ comments in recent court hearings. The estate began paying the allowances in August, retroactive to the singer’s June 25 death.
The allowances are separate from a life insurance policy that named Katherine Jackson and the children as beneficiaries, according to court papers. The amount paid by the policy was ordered blacked out by the judge, who also granted requests to redact the childrens’ specific living expenses to protect their privacy.
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