In a telephone interview, Katherine Jackson praised administrators John Branca and John McClain for doing "a very good job" managing the estate but criticized her monthly cash allowance of $7,000 to $8,000 as inadequate and said it left her dependent on Mann to cover her expenses.
"I wish they would leave Howard alone and I wish they would leave me alone for working with Howard. I'm not greedy like people say. It's need not greed," she said.
The estate disputes the suggestion that administrators are not meeting her living expenses. Weitzman, the lawyer, noted that the allowance was approved by a probate judge and said the cash payments were only one aspect of the financial support that administrators provided. The estate also paid off the mortgage on the family home in Encino and foots the bill for household staff, security, vehicles, food, tuition and vacations.
"The estate has spent millions of dollars for Mrs. Jackson's benefit and on the direct living expenses of both Mrs. Jackson and the children," Weitzman said.
But for Katherine Jackson, it is not enough. "I think I should be getting more," she said. She declined to specify why she needed the money. Her husband, Joe, sought an allowance from the court but was denied. Several other grandchildren also reside at the family home.
she thinks she should be getting more?
how much was Michael giving her monthly does anyone know? No wonder poor MJ was having financial difficulties. He was being sued left and right for years and years. He wasn't working because of the criminal case and he was giving his mother money to take care of all the folks in that house. Katherine can live on 7000 per month. She's 80 years old. If the house is paid for and all the utilities and other bills what else is she doing with 7 grand per month??
Can she ask her rich daughter to supplement her income instead of her getting friendly with a porn producer?
Soundmind;3141448 said:well, if you read the will you will know there is nothing shady about it. Even after the probate is over and the admins take full control of the estate and the trust ,MJ's instructed them to pay for Katherine's living expenses only for the rest of her life nothing more nothing less regardless of the figures put in her trust.
For example, MJ granted his kids the privileges of asking for more for weddings, new houses, education and to start new business. His mother was not. She can't ask for more money to do businesses or anything else beside her living expenses, she sure can't ask to support financially other family members .The estate is bonded by MJ to cover her living expenses ONLY as long as she is alive.
Let's assume Hyvenhurst was not owned by the estate. Katherine needed a permanent house to live in. The estate under the will's term had to provide her with home allowance, still she would not have the right to decide whether the house be bought or rented. In case the estate decided to buy a house, she would not have any right to demand it's registered in her name. A house could be bought using money from her trust but would be registered in the estate's name because the assets should at the end be inherited by the real heirs of the estate which are MJ's kids and not Katherine's heirs. Clear?
She can hire an army of lawyers and demand more claiming the estate is making hundreds of millions of dollars and the profits deposit in the trust created in her name worth hundreds of millions , beside a monthly allowance covering only her living expenses which are fully determined by the executors ,she will not get anything. That's MJ's wish.
In Elvis's will he dedicated a section listing the members of his family who should have been provided for after his death and the exact expenses his estate should have been covering ( those were beneficiaries of the will) even though his daughter was the only heir of his estate.
MJ could have done the same with his siblings, cousins,joe....etc. He not only did not name any of them as beneficiary of any sort , he also actively limited Katherine's ability to provide for any of them using her position as a short term beneficiary of his will.
The judge determined Katherine's allowance as $ 24.000 a month. Believe me if she does not need more for health care , even after the probate is over that could be the amount she will get for the rest of her life.
That will was worded in away that showed great respect to Katherine but still clear indication there was great lack of confidence in her decisions. His kids at 30, 35 and 40 will get to control and make decisions but his mother will never do.
MJ committed himself to protect her for begging the rest of the family for an allowance he knew for sure they would not even provide. Beside her LIVING EXPENSES he made sure she does not get a penny unless the executors say otherwise.
that's why the family was super pissed after they got hold of the wills documents, their lawyers explained to them that "40% beneficiary “word was only there to show 'respect' when in reality the situation was far far from that.
That's an excellent summary of it in a nutshell. Lets be honest, we know why the Jackson family was kicking off about the will and its because they got nothing from it. Family members from all walks of life will kick off about wills when they don't get what they want from it and I speak from personal experience as my grandfather's Estate got pretty messy with some family members claiming all sorts as they essentially didn't get what they wanted from it.
the issue, sm, is that all the money she gets goes to the moonies for that damn lawsuit she defaulted on. so no matter how much she gets, she doesn't keep it. now what she keeps or is left over in her account each month, is hers to will away. so i ASSume their logic is, y r we gonna give her more then 26 grand a month when it all goes to a lawsuit? it's not like giving her 100k a month will be any better. nothing carries over.
all her employees such as driver, servant, cook, maid, and the assistant she does not need, all of them are paid by the estate separetly. Not a dime of her allowance goes into paying employees or utilities.How much was that lawsuit on her that she defaulted? Do we know how much from her allowance goes to the Koreans? Isnt it possible to speed the process, e.g to pay the whole damn amount from Katherines share? Cant the estate loan her some money to pay that off, just like they have loaned her money before which will later be detracted from her share?
The estate could loan her money so she could pay the Koreans.. and then her allowance could decrease to lets say 20,000/month instead of 26,000 so the estate could be able to slowly start collect the money they loaned her? Its this wishful thinking? LOL
So, does Katherine mean that after all her expenses (clothing, entertainment, utilities, driver, assitant) and paying off that lawsuit to the Koreans, she only has 7,000/month left? And like some has alreadt pointed out.. Michael gave her money his entire life, what about if Janet could give her mama some money now? Heck, even LaToya has it good financially.
I believe it's around $10/20 mil, and why should the estate pay off her debt? When the debt is a result of harassing Michael Jackson? It's her debt, she should go and ask her great living children for money, I'm sure she remembers the eight other children she has, the ones who don't have a ''toothpick thin nose''. Woman's got a dozen kids one of them is swimming in money. They should provide for her ''needs'
The estate DOES pay for the other bills such as the above mentioned. I hope the Koreans get every dime off her,
Yeah ugh I know, i made a typo. Ive corrected it now.
So IF the estate pays for her expenses like drivers, home, assitant etc, does this mean the Koreans are getting 19,000 from her allowance or why does she claim she is only getting 7,000/month?? Either the koreans are getting 19,000 or she is fabricating this to gain sympathy.
exactly, I even doubt they have gone so far..have the koreans even gone that far. there was a report saying they were watching. but surely if they did go after her they would be filing court documents stating what they want.
have the koreans even gone that far. there was a report saying they were watching. but surely if they did go after her they would be filing court documents stating what they want.
Segye Times, a South Korean newspaper, filed papers with the Michael Jackson estate, informing the court it got a judgment against Katherine in 1994 for $4 million. That's when the newspaper advanced Katherine, Joe and Jermaine $5.5 million for a series of Jackson family concerts that never took place.
Segye claims with interest the judgment now exceeds $13 million, and it wants an order from the judge forcing the estate to pay Segye any money the estate might pay Katherine.
Now here's how Katherine screwed herself. By making all the deals she's been making -- for books, gala events and such -- she's made it clear to the world her goal is to roll in dough and Segye has taken notice.
We're told the newspaper will go to court on September 14 to try and wrestle money earmarked for Katherine from the MJ trust.
06/24/2010 Enforce Money Judgment 06/24/2010 Memorandum - Other (P & A Filed in support of Petn for Enforcement of Money Judgmnt; etc. )
Filed by Attorney for Petitioner
09/14/2010 at 08:30 am in Department 5, Mitchell L. Beckloff, Presiding
ENFORCE MONEY JUDGMENT - Denied without prejudice
the 4 mil has increased now due to the interest I think?
the 4 mil has increased now due to the interest I think?
^^ What was the reason the case got denied? Denied without prejudice meaning the Koreans cant refile the same claim against her right?
They don't give reasons on case summary page, just the decision, so I don't know.
Yes, so they say.
yeah the amount was bound to increase through all these years, thx for confirming again as I didn' read the second paragraph earlier.Yeah according to the TMZ article above, the interest exceeds $13 million now.
actually without prejudice means that the court couldn't come to a decision and the both sides can pursue other legal action.
It means that Segye Times can file their claim or open another lawsuit etc. They haven't lost anything, it just that the probate judge thought that he can't make a decision (either didn't see enough evidence or thought that it wasn't his decision to make).
edit : I just saw that it says "denied without prejudice". Apparently Judge Berkloff thought it wasn't something that he could decide on. So he denied the request but "without prejudice" which allows Segye to refile their lawsuit from appropriate channels, courts etc.
actually without prejudice means that the court couldn't come to a decision and the both sides can pursue other legal action.
It means that Segye Times can file their claim or open another lawsuit etc. They haven't lost anything, it just that the probate judge thought that he can't make a decision (either didn't see enough evidence or thought that it wasn't his decision to make).
edit : I just saw that it says "denied without prejudice". Apparently Judge Berkloff thought it wasn't something that he could decide on. So he denied the request but "without prejudice" which allows Segye to refile their lawsuit from appropriate channels, courts etc.
