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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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61.

Lynn317    

I sincerely hope these Jackson thugs, Randy, Janet, Rebbie and Jermaine lose a fortune in any future income for their sneaky, deceitful, underhanded and corrupt actions. Karma is already at work.

The irony in the self serving “3 Year Plan” this is stunning ... not only will Katherine potentially lose a fortune as well as the legal custodial care of MJ's kids ... but she could lose what little health she has left due to the enormous escalation of stress from the massive repercussions ... all due to the shady “disappearing act” given as an excuse as a stress reducer. All this mess was the result of the irresponsible and reckless actions by Katherine and his adult children.

The very excuse of needing stress relief ... is the very thing that may end up giving her a stroke or heart attack due to all the serious consequenses of this so-called deviously planned “spa vacation”.

630 days ago
62.

Cran    

I was completely behind Katherine and believed she had been tricked into leaving but now as she makes excuses for her kidnappers I have lost all respect for her. She CARES ABOUT THE MONEY! We wanted to believe she cared about MJ's kids but we were so wrong. So sad that even Janet has been outed as a leading member of a greedy failing family. She was a tagalong and is nothing without Michael. Amazing how they feel entitled to whatever they can steal. Paris must be so heartbroken to know the truth about these horrible people.

630 days ago
63.

muffey    

These adult children need to find jobs. They are greedy leeches and should be ashamed of themselves. Michael must be turning in his grave to see what is happening to his children and mother.

630 days ago
64.

lara    

Katherine has fogotten Michael's song "In our darkest hour in my deepest despair will you still care will you be there" Paris is a child yet.She needs love, care.
Paris we pray for you

630 days ago
65.

Good riddance!    

So why aren't more people suspicious that she's supposedly making these statements of her own free will. I might believe it more if she did it back in Cali and without any of the other family standing all around her? So she completely changed her tune while she's supposedly on an unannounced vacation that she didn't even have a chance to tell the kids about? Seriously?

630 days ago
66.

jessup    

Katherine is on Black time. She should spend the rest of her life resting and going on vacations.
No more guardian. MIA....

630 days ago
67.

K-Fed-Ex    

Mrs. Jackson, at a frail 82 years old, is no longer able to care for her 3 grandchildren properly or be their guardian, as has been shown to the world -- whether she abruptly ran off out of state voluntarily or was secretly spirited away/kidnapped to Arizona by her sickening children ... greedy dirtbags. THEY SHOULD ALL BE ARRESTED.

630 days ago
68.

tenley    

TMZ, when people post those stupid ads in the comments, SEND A BILL TO THE COMPANY AT THE URL every single time for the full price of taking out a primo-space ad on TMZ (and send one to the individuals posting them, too, as they're being paid to post them), then follow up by siccing a collection agency on them. That'll take care of this fricken problem.

630 days ago
69.

Baker    

One thing is clear to me this woman knew she had not talked to her grandchildren for 10 days and probably knew that would really upset them and did not care that it would upset them. This is a cruel thing to do to them. I hope the Judge gives someone else permanent guardianship of the kids. She is too old and under the guidance of her children who want her money. This whole episode was uncalled for and she should have told the kids she was going on vacation. What parent does not tell their kids/grandkids they are going on vacation?

630 days ago
70.

Jody    

I hope this happens too, she deserves to lose all that money. The thing is, the kids will still live in the house with her and so will TJ. She will get him to give her money, which she will funnel to the kids.

630 days ago
71.

James B    

Honestly, I don't understand what Janet Jackson is doing mixed up in all this. She's sold what, probably somewhere in the region of 80-100 million records worldwide over her career? If she earned $1 for every sale (and not counting ticket sales for tours etc.) she's one wealthy woman. WHY does she want to get her fingers on MJ's cash? It doesn't make sense. The other Jackson brothers I can understand as their careers have been over for 25-30 years, but JJ? Obviously something's not right here. Katherine Jackson is an old woman. Possibly she's struggling to look after her grandchildren full time? Maybe she's becoming a bit senile... whatever. Maybe the 3 kids are horrifically spoiled brats who can't function without her. In any event, what I don't understand is why she would bugger off for 10 days without telling anyone where she was, and why her children would prevent her from using a phone. Doesn't add up, sorry. I don't see what the Jackson siblings have to gain in challenging the terms of MJ's will as they can NEVER inherit, they can NEVER gain control of any of the cash (or siphon any of it in their direction) so what's the motive? Everything is in trust for his kids and they get diddly. So either the siblings are mentally retarded and they actually believe that they can try and force the children to hand over some cash (in Paris' case they're going to have to wait what - a min of 4 years until she's 18 - maybe even longer if she doesn't inherit until she's 25) so....... I'm not inclined to think it's all a PR stunt to promote some hideous new reality TV show (although if it is, good luck as I won't be watching) so........ someone please explain!!

630 days ago
72.

Luz    

Someone should close Paris' twitter account! And isn't there an age minimum requirement to have a Twitter account? She's only 14.

630 days ago
73.

BrAnBa    

Prince Jackson is on Twitter now with a statement.
"As long as I can remember my dad had repeatedly warned me of certain people and their ways. Although I am happy my grandma was returned, after speaking with her I realized how misguided and how badly she was lied to. I’m really angry and hurt." Plus a screenprint from a conversation with Rebbie and Janet.

Ooops, this is NOT looking good for Jermaine & co. ! :)))

630 days ago
74.

hmm    

awesome!! now prince is tweeting and he screen ccapped a text with janet...go see it...good stuff!!! post it tmz

630 days ago
75.

Lauren    

can someone explain this line in the article: "She would still, of course, retain the allowance he personally receives from the Estate."

why would Katherine receive TJ's allowance if he gets guardianship?

baffled.

ps- THRILLLLED that there is HOPE that someone else might care for them. PRAAAY tj doesn't pay off his family supporters. Paris ROCKS for outing these crooks!

630 days ago
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