Michael always provided for Katherine and Katherine could do whatever she pleased with the money. She gave money freely to her other children and Joe. Now that the money is confined to a certain amount, she probably can no longer support Joe and her other children.
I just listened to those youtube taped conversations of Michael and Glenda. Especially the conversation about Joe wanting 250,000.00. Michael was mad and irate over it and quite frankly, disgusted. Michael gave the money to Katherine and told her to handed out to Joe over time.
Since Michael's death, Joe has made almost a million dollars. He received 250,000.00 dollars from ABC for his interview and footage, and he makes money from appearances at the Palms resort and casino in Las Vegas, and just did the whole movie thing have dinner with Joe for 3,000.00 dollars a pop and I hear it did VERY WELL.
There needs to be some fiscal management done in that family. The courts WILL NOT.. I repeat WILL NOT PROVIDE FOR JOE JACKSON as there is no provision in the will for it. They will not raise Katherine's stipend to care for Joe. It's not going to happen.
THIS.
(I hate when people do that, but srsly this is how I see this whole thing as well.)
And I don't know why I didn't think about all of the paid interviews he's done since June. Nevermind asking the estate for handouts. Joe needs a JOB. The man disgusts me.
Michael left that money for Katherine to live on and HIS CHILDREN Period.
Surely Joe has no legal standing? He was not in the will, so he's not entitled to anything.
500 million dollars in debt
Well you can't say that for sure because the fact is that none of us know exactly what MJ's intentions were. If he specifically did not want any money to go to Joe, then he could've had a clause put in the will to say so. But he didn't. I'm sure he knew full well it was likely Katherine would share the money out between family members, after all wtf is she gonna do with it all? 3 kids don't cost that much to look after unless they are walking around wearing silk and platinum and living on steak and caviar. Which they clearly aren't. And Katherine being a devout JW and all probably isn't into big spending to begin with. She is the mother figure of the family, and in Janet's words, the glue who holds everyone together. Why wouldn't she share the money out? Any caring mother would. And as someone on here pointed out a few months ago, it's not unusual in black families to leave everything to the mother, and let her spread it out as she sees fit, because typically the mother is the head of the household in black families.
it is nowhere near that much. And with the profits from the movie and all recent music and merchandise sales, if there is still any debt left, it won't be for long. Also the kids are currently at an allowance of something like $80,000 a month IIRC which is too much and totally ridiculous. What, is Katherine buying them Lambourginis? They are hardly gonna starve.
What hurt MJ's daddy. Come on Mike loved him. He would never want to see him hungry but he would not give him the money directly that is probably why he didn't name him in the will. He knew his mother would give Joe money. She must be mad with him to cut him off.
Joe is at the age of retirement. So what exactly is he supposed to get a job as? Employers ain't gonna touch someone his age with a ten foot pole. There is a lot of ageism in the workplace.
He had a case actually, if he proved that MJ provided for him when he was alive , and you know that Katherine will testify that indeed what happened, and if he proved that he had no other source of income , then he will get what he wants . He even can challenege the will and claim he has a right to inherit from the estate .
He had a case actually, if he proved that MJ provided for him when he was alive , and you know that Katherine will testify that indeed what happened, and if he proved that he had no other source of income , then he will get what he wants . He even can challenege the will and claim he has a right to inherit from the estate .
update:
Joe claims Michael's estate has "earned more than $100 million dollars in the first seven (7) weeks following Michael Jackson's death" and is "well able to afford a family allowance for Joe Jackson."
Joe says he has $15,425 in total monthly expenses, including the following:
-- $2,500 eating out
-- $2,000 in air travel
-- $3,000 in hotel bills
-- $1,000 in groceries
-- $1,200 in rent
-- $50 in charitable contributions
Read more: http://www.tmz.com/2009/11/06/joe-j...hael-jacksons-estate/2#comments#ixzz0W7KXqxJn
I can imagine the immense scrutiny that the children are under. They are probably being looked at as cash registers.
the debt was near 250 millions when mj died . there is a trust created in december 2007 to pay the debt directly from profits generated from mj's share in sony/atv . if everything went according to the plan before mj's deah , in other words if the executors followed the same plan , the debt will be paid off in 2011 . without even using the money generated after mj's death .
on the other hand you have taxes , but as many experts said before , the will was very good to the point that certainly jackson took extra measures to pay the taxes without risking anything .
the estate is in a very good position , the assets worth at least two billions , and there is a lot of cash coming in . no problem at all . but the strategy is to reinvest and expand , not distribute the maximum profits to beneficiaries . that will be in the long term beneficiaries best interest and the jackson's family nightmare.
All I'm saying basically is why does Michael have to support Joe. My only question Point Blank can't everyone help. Isn't that what a FAMILY does? Nothing else I want to go back and forth about. I'm sure no one's dirt poor, everyone can chip in here and there to help Joseph.
and Debbie Rowe's intervention to see and know the kids couldn't have come sooner