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Katherine Jackson

Could Lose Millions

In Perks

7/26/2012 1:00 AM PDT BY TMZ STAFF
EXCLUSIVE

0725_katherine_jackson_tmz_composite_getty
The plot to turn Katherine Jackson against the Michael Jackson Estate has backfired in the most ironic of ways ... because the money grab could end up costing Katherine millions in perks.

When Katherine was appointed guardian of Paris, Prince and Blanket, the Executors gave an allowance of $60,000 per month for the care of the children ... that's $720,000 a year.  Less than a year later the judge increased the 60k to 70k, and that would make the yearly take $840,000.

The judge is now in position to strip Katherine of guardianship altogether.  If that happens, the executors will almost certainly petition the court to funnel the money in TJ's direction, since he would be caring for the children.

Katherine never had control of the money for the kids, but she enjoys a lot of the perks the kids get, and that goes away if she loses guardianship.  She would still, of course, retain the allowance she personally receives from the Estate.

Short story ... Randy, Jermaine, Janet and Rebbie set out to turn Katherine against the estate so she could get more money during her lifetime -- money she could dole out to them -- but the plot may have actually screwed Katherine.

When she realizes what hit her, mama's gonna be pissed.

284 COMMENTS

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1.

ubetcha!    

I wish the entire clan would be stripped of every penny and thrown out into the gutter. What a bunch of worthless money grubbing losers.

765 days ago
2.

Mina    

Marlon Jackson JUST tweeted the following:

"Hello everyone Thank you for your support. I'm tired of not knowing where my mom is. I did speak with her last night but she didn't sound like herself. I was told by Janet, Randy and Jermaine that I could not see my mom. Doctor's order. But I see them on television with her. How come they could not call me so I could be with her as well."

@Marlon_Jackson

765 days ago
3.

seagullspyrobot    

This is one of the major reasons TMZ is my go to site for celebrity news I love the legal perspective of it. plus it acutally ends up helping people sometimes. good job TMZ. now just please stop telling us about lindsey we stopped caring 10 years ago sorry :(

765 days ago
4.

IKnowthismuch    

Paris also tweeted almost an hour ago stating "They promised that she would be home YESTERDAY. She is still not home.

This is a girl that was attached to her grandmother after her father passed. This is a huge dissapointment to her. We will never know the depths of how much they have caused this girl harm.

There is no way that she can trust these people ever again.

765 days ago
5.

kim is a publicity whore    

Why couldn't MJ's greedy siblings die instead? :/ Poor Michael, having to deal with these kind of people most of his life.
It's the good ones that always go.

Karma's a bitch. & as for Janet, her true colors came out!!

765 days ago
6.

joe gillis    

any way we can blame this on tito or maybe conrad murray ?

765 days ago
7.

tj    

Well finally something with an ounce of truth from TMZ. Yes the plot was about the Trustees mismanaging and an attempt to oust them as Trustees of The Katherine Jackson Trust. But don't say Janet and co wanted money they will never have access to under any cir***stances ever. They believe their mother was being taken advantage of and abused so they stepped in.

765 days ago
8.

James    

Umm excuse me here but am I the only one wondering where CA Child Protective Services are? Let's see grandma leaves the children for 10+ days and vanishes and a guarding is suppose to protecting and watching out for them not hiding. Also where is CA Child Protective Serives when Janet, Jermaine and Randy try to phyiscally harm Paris, Prince and Blanket the other day? There is evidence of neglect and abuse by Janet, Jermaine, Randy and Katherine here so back to my question where is CA Child Protective Services at? Why hasn't there been a restraining ordered filed against Janet, Jermaine and Randy? There's neglect, abuse and possible kidnapping come on TMZ get to the truth do some digging make some calls why hasn't CA Child Protective Services gotten involved.

765 days ago
9.

Syn D    

She should lose full guardianship!! She left 3 minors, abandoned them and was never in touch.. In any other case it would be a big deal.. She is the responsible party, what if something happened to one of them, sounds like neglect to me.. Seems like MJ's siblings have a lot of daddy in them ~ fully controlling and only out for #1.. So much for respecting the dead...

765 days ago
10.

Kari    

I think the Judge was correct when he told TJ he felt he needed to apply for permanent guardianship. Katherine is no longer able to do this, and as long as she is guardian, her criminal adult children--Randy, Jermaine, Janet and Rebbie, will continue to try and control her. Someone needs to make this about the 3 children, and not about money. They deserve that.

765 days ago
11.

mac the knife    

lol.. serves them right.. I knew this will happen..
so does this mean K will be thron out of that calabasas estate?

765 days ago
12.

tgrfan42069    

lol what an idiot.....that statment she made was such bs though.it was like a POW video..with her capters standing behind her and beside her.of course she was going to say she wasnt kid napped.

765 days ago
13.

Susan Jacobson    

As young children are they faced with what their father was, being that they have a ticket price on them. Will they have people who truly love them, or people who love what they are worth monetarily? Sad to think about this, my heart goes out to the kids, it's a shame that their father's fame that trapped him is already trapping them.

765 days ago
14.

tj    

And also for the record she has yet to receive ANY payments from HER OWN trust. They failed to refinance and used the income generated to pay the debt (stupid) which has cost both Katherine and the children tens of millions of dollars in future payments. Katherine is going to sue to oust the trustees who have proven themselves unable to provide for her care, comfort, well being and maintenance. Get new reporters TMZ you suck.

765 days ago
15.

lisa2    

They are going to psychologically manipulate Paris this motherless child. Witholding the grandmother, to whom she is attached is CRUEL.

Glad Katherine is no longer guardian.

Sorry for Paris but it is for the best. Katherine is NOT trustworthy.

765 days ago
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