Posted by Adam

Friday September 18, 2009

Michael Jackson’s mother will receive over $1 million a year to help raise his children.

Katherine Jackson is receiving $26,804 for herself and a further $60,000 each month to raise her three grandchildren — Prince Michael I, 11, Paris, nine, and seven-year-old Prince Michael II, also known as Blanket.

The ruling was approved by a Los Angeles judge in August, but has been kept a secret until now.

Katherine was awarded permanent guardianship of her son’s kids after reaching an agreement with Debbie Rowe — Michael’s second wife and mother of Prince Michael I and Paris. The identity of Blanket’s mother remains unknown.

All three children have lived with Katherine, 79, since Michael’s death from acute Propofol intoxication in June.

At the time Katherine’s lawyer L. Londell McMillan said, “There is no situation better for these children than for them to be raised and reared in the loving care of Mrs. Katherine Jackson.”

Court documents show that of the allowance received by Katherine, $315,000 a year pays for employees caring for them and another $160,000 is set aside for entertainment and other expenses.

Lawyers for Katherine Jackson reportedly wanted details of the payments kept private but Judge Mitchell Beckloff said in court he did not think the total amount could remain sealed.

Katherine withdrew her petition for control of Michael’s estate in August, leaving it in the hands of Michael’s long-time attorney John Branca and music executive John McClain until another hearing in October.

Tags: katherine jackson, michael jackson