Loss Of Guardianship Could Cost Katherine Jackson Lots Of Money
By Mack Rawden 2012-07-26 12:45:11
Earlier this week, Michael Jackson’s mother Katherine was temporarily stripped of her guardianship over the late singer’s three children. In the coming weeks, she could well lose her sway over the kids permanently, and if that happens, she stands to lose a lot of money. MJ’s will reportedly specifies that whoever looks after the children is given seventy thousand dollars a month to take care of them. As guardian, Katherine had control over that money, but with Tito’s son TJ now in charge after her bizarre absence, the money will go to him.
According to TMZ, the guardianship determination is now in a judge’s hands. Given Katherine recently said she willingly went more than a week without contacting Paris, Prince or Blanket, the case isn’t exactly looking great for her. The eighty-two-year-old’s own lawyer recently told the court she thinks her client was held apart from the children against her will, but thus far, the matriarch is sticking to her claim that it was a voluntary absence.
Whatever the hell is going on with the Jackson family members right now seems to be directly related to money. Some of MJ”s siblings have already announced plans to challenge his will, and it was in the midst of those proceedings that Katherine went missing. Tito has already publically announced he wants no part in the feud anymore, and several of his siblings are reportedly saying privately they feel the same way. None of this will end well, but then again, considering the family’s past, we probably shouldn’t have expected it to.