According to Eurweb.com, court documents released Thursday in Los Angeles revealed that Michael Jackson’s mother receives $86,804 per month from his estate to take care of herself and her son’s three children.
The documents state that Katherine, 79, had been financially dependent on her son during his life, and that for years, Michael had paid for all her living expenses at the Jackson family’s Encino, Calif., home, according to People.com.
Lawyers for the estate estimated his total assets exceeds $500 million, and that future business agreements bearing Michael Jackson’s name could generate “tens of millions of dollars.”
As previously reported, Katherine was named permanent guardian of the three grandchildren. All four are primary beneficiaries under the singer’s will, including some unnamed charities.
Information from Eurweb.com and People.com contributed to this report.