MJ’s mother wins will ruling
September 19th, 2009 - 1:09 pm ICT by ANI
London, September 19 (ANI): Michael Jackson’s mother Katherine can challenge the administrators of the singer’s estate without any threat to her 40 per cent stake, a judge has ruled.
The 79-year-old’s legal team said that she wants to have more say over the manner in which the 400 million dollar estate is handled.
According to the ruling, the King of Pop’s mum will not breach a ‘no contest’ clause in the family trust if she sets up a challenge before the executors over Jackson’s will, reports the Sun.
Katherine is the legal guardian of the star’s children, Prince Michael, 12, Paris, 11, and seven-year-old Prince Michael II, after his sudden death on June 25.
She will receive more than 1 million dollars a year from his estate including a sum of 26,804 dollars a month for herself apart from a monthly allowance of 60,000 dollars for the three kids, as per the court’s order. (ANI)
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Tags: 1 million dollars, executors, family trust, king of pop, legal guardian, london, michael jackson, mj, mother katherine, old prince, paris 11, prince michael, stake, sudden death, sun, three kids
