TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Katherine Jackson -- The Buck Stops Here

6/28/2010 4:36 AM PDT BY TMZ STAFF

Katherine Jackson Katherine Jackson has a problem she may not realize -- while she's raking money in from various Michael Jackson businesses, the judge in the MJ estate case could shut her out of a huge monthly allowance the MJ estate has been providing.

TMZ first reported ... Katherine and Joe Jackson sponsored a ritzy Michael Jackson event at the Beverly Hilton Hotel Saturday night -- with tickets going as high as $500 a pop -- and if there are profits, we're told some of that will line her pocket.

And then there's the book she's hawking  -- "Never Can Say Goodbye" -- co-authored by Howard Mann, who made a fortune off of nude online gambling.

Mann tells us he's going into other businesses with Katherine as well. Roger Friedman from Showbiz411.com says he's seen a contract between Mann and Katherine which guarantees her $10,000 a month for promoting a book in the works, "The Katherine Jackson Story."  Mann claims Katherine will net $10 mil from the book.

Now here's the problem ... When the judge in the Michael Jackson estate case signed off on Katherine getting more than $26,000 a month, it was based on need.  If she's making money on the side -- especially making money off her late son -- it's likely the judge will no longer see the need to fill Katherine's wallet.

So it's coming down to a "Let's Make a Deal" decision. Katherine, do you want door #1 or door #2?

Stay tuned ...




103 COMMENTS

No Avatar
31.

Sweetneke    

It amazes me how people get on here and say the jack sons are greedy. Katherine is a beneficiary of Michael estate and all she gets is an allowance while the excutors are getting ten percent of everything which means they are getting millions she is his mother who he loved and took care of, she shouldn't have to go out and promote anything the estate should be giving her,her forty percent they are getting theirs while feeding sites like this one negative information about the jacksons while they keep robbing michaels estate and no one mentions that.Whatever you feel about Michael they are his family not the excutors or the judge
Michael's children and
Katherine were named in the will they shouldn't have to beg for money no matter how much Michael left it to them it seems like the excutors and people on this site seem to think they aren't entitle to anything and should live how you think they should live bu that's not the way Michael wanted to li e his estate is worth billions yet they get what others think they should have while they get millions yes Michael had debt and that's what the executors should be working on paying those debts off and making sure that Michael's children and mother get what Michael wanted them to have and nothing less. it seems as though people on this site think that that should have some kind of Input into how they live which is comical if not sad this is their money not the executors so they need to start paying them what is theirs not what people on this site and others think they should have. no one here have said that the executors are making to much money or that they should be getting paid less then ten percent in fact it seems people on this site would rather that the executors get the whole estate I think that this site is being fed negative information about Kathrine to keep her from getting what Michael rightfully wanted her to have and her lawyers are doing her a disservice by not speaking up more forcefully for her.



1518 days ago
32.

Cookie    

$10 mil from one book? Ha ha ha!!!! More like 10k.



1518 days ago
33.

angles    

this isn't true what is in the will MICHAEL left has to be carried to the final word.

1518 days ago
34.

Paddy    

Micheals Mom and Dad are the worst kind of vultures on the planet. They only look at Micheal as a source of income and nothing else.
Pure selfish greed.
And this greedy old vulture is raising his kids???
They are doomed to a life of wealthy hardship.

1518 days ago
35.

Stevie Jones    

Those so-called-kids of Michael don't have any black blood or Jackson blood in them and they shouldn't get jack. Michael makes me sick. He payed for those kids, because it was too disgusting of a thought for this homo to put his junk in a woman. His little white kids are a result of child trafficking. I bet he was waiting for Prince and blanket to get just old enough to be a part of his little boy harem.

1518 days ago
36.

Noel    

The allowance arrangement is temporary. The estate is still in probate, per se. There is still a lot of debt to be cleared which the executors are working very hard to resolve. The allowance arrangements allows MJ3 and Katherine living expenses based on their needs as defined and approved by the lawyers and the judge. Once this moves out of probate then the beneficiaries will receive the 40/40/20 as indicated in the will. These percentages will represent the earnings that the estate produces. Basically, it will just keep growing and providing income for the kids and Katherine during her lifetime.



I think Katherine is determined to create some type of deal for herself that will provide income for her kids upon her death.



1518 days ago
37.

frankie does hollywood    

where is michael jackson???????
where am I???????
who are you????????
what am I??????

1518 days ago
38.

wacko jacko is alive    

this is just not right she had her son killed so she could make lots o money

1518 days ago
39.

Ricardo    

Bull**** Wtf is a will good for if some jerk is controlling her money? It's not his it's Mj's mom's.!!!

1518 days ago
40.

Karolina    

Jungle ball sweat



If you don't believe this lie is true...
just ask the blind man; he saw it too!



but when?



:(



Karolina



1518 days ago
41.

Karolina    

http://www.tmz.com/2010/06/24/michael-jackson-hawaii-kids-prince-blanket-paris-photo-maui/




btw I love time TMZ posted this article :)



Mike:*



;)



http://www.youtube.com/user/77Karolina



Karolina

1518 days ago
42.

Susan    

The estate cannot pay out any principle until all the creditor's claims, lawsuits, taxes, etc. are cleared. It's all still in probate. People should not comment if they have no clue how wills, trusts, and estates work.



Before bashing the executors and trustees, would you run a company for free? They are suppose to get paid, and they are taking a percentage far less than the standard executor's fee. The estate is a major corporation which was a disaster and in financial ruin when they started. They've done a damn great job in a year. Probate could take years.



17. i dont understand,didnt michael leave his mom 40 procent of his estate, why is she getting penies for an allowance and not 40 procent of whatever his estate earns,while these lawyers get 15 procent ? (by now thats 150 million dollars for them as jackson has earned over 1 billion since he died
why are they saving jackson's money,for who are they saving it?he clearly stated where he wanted hsi money to go and it sure wasnt the bank to get interest or paying those 2 lawyers hundreds of millions........this definitely makes me think what to do when i die and lawyers will never be in the equation!



Posted at 3:28 AM on Jun 28, 2010 by T

1518 days ago
43.

Susan    

The kids get their own hefty monthly living allowance. The $26K is Katherine's portion alone. She doesn't even have a mortgage payment because the estate owns the house and pays that.




6. Katherine needs way more than $26,000. a month. Look at the army she has to support besides Michael's 3 kids. There's Joe Pimp Daddy, Jermaine, along with the 4 kids fathered by Randy & Jermaine, and their mother. Katherine is spending money belonging to Michael's kids.



Posted at 1:19 AM on Jun 28, 2010 by Googie

1518 days ago
44.

a total fan    

8. Katherine's income to be withdrawn from her estate allowance? Odd reasoning. She doesn't get that as a gift, she gets it because she is an heir in the will. It would be highly inappropriate if the executors get 10% of the estate profits NOW, while Michael Jackson's heirs don't get anything but allowances because of "need". It doesn't sound right.



Posted at 1:49 AM on Jun 28, 2010 by aston



_____________
Katherine and the children get an allowance for now. Once the debts are paid and the estate is clear of all lawsuits. Then the estate will figure out exactly what 40% is and give Katherine and the children their inheritance, in the mean time they get an allowance. And the allowance is based on their "needs" not their "wants".

1518 days ago
45.

Cathy    

The Jackson family (and especially Katherine) remain in my prayers. What they lost cannot be replaced by any amount of money. Michael loved them and they loved him back. He would no doubt be dismayed at anyone who would disparage them so callously and cruelly as do so many people here.

1518 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

Around The Web