But Mom will still be taken care of!
It was originally reported that Katherine Jackson will receive 40 percent of son Michael Jackson‘s estate with 40 percent going to his 3 children and 20 percent to go to charity.
However it is ultimately up to the trustees to decided the amount of money to go to the beneficiaries.
Regardless of not receiving 40 percent from the get-go, Katherine will have plenty of cash around as she’s getting a large allowance at the moment and once the trust is active she will receive even more.
Whatever remains in her trust at the time of her death will automatically go to the kids, as it should.
Sounds like a pretty fair deal for all!
[Image via WENN.]
Related Posts
CLICK HERE TO COMMENTOct 12, 2009 09:45am PDT
-
Categories