Saturday November 7, 04:13 PM Source: Financial Express

MJ's Father seeks allowance

'King of Pop' Michael Jackson may have cut out his father from his will but that has not stopped Joe Jackson from seeking an allowance from his son's estate to help cover his monthly expenses.

The 81-year-old has filed papers in the court and is seeking an unspecified amount to cover his expenses that exceed $ 15,000 a month, according to an itemised list provided to the court.

Joe's lawyer, Brian Oxman, who filed the request in the court yesterday said there was no apparent reason for the family patriarch to not seek an allowance from the administrators of Jackson's estate, the Telegraph reported.

The 'Thriller' hitmaker's 2002 will does not mention Joe Jackson but provides money to his mother, Katherine, his three young children, and various charities.

A judge has already approved more than $26,000 in payments to Katherine Jackson each month, and a $ 60,000 monthly payment for the care of the children.

The latest court documents say Joe, who suffers from diabetes, receives a $1,700 monthly Social Security payment and had relied on his son for support for many years.

"He does not have a regular or steady source of income, and he was dependent upon the money provided by his son, Michael Jackson, through his wife, Katherine Jackson, for his support," the documents say.

According to an itemised list, Joe spends $ 1,200 a month on rent for his Las Vegas home, $2,500 to eat out, $1,000 on entertainment, gifts and vacations, $2,000 on air travel and $3,000 on hotels.

RECENT BUSINESS NEWS

RELATED NEWS

RSS FEEDS

All headlines to your personalized My Yahoo! page
(Learn about My Yahoo! and RSS)
  • All Business News
  • India Business News
  • World Business News
  • Personal Finance News
More Finance RSS Feeds




Quotes delayed, except where indicated otherwise.
Delay times are 15 mins for BSE and NSE(when not logged-in) See also delay times for other exchanges.

All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Prior to execution of any security trade, you are advised to consult your authorized financial advisor to verify the accuracy of all information. Neither Yahoo! nor any independent provider is liable for any informational errors, incompleteness or delays or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found herein.