Michael Jackson's Children: Well Taken Care of

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Michael Jackson's three children may have lost their father, but they are being well taken care of - both financially and by the star's mother Katherine.

Court documents released Thursday show that Katherine is receiving $86,804 per month from her son's estate to support herself and her grandkids.

Arnold Klein Pic

A judge approved the payments last month. Paris Jackson, Prince Michael and Blanket (Prince Michael II) have been living with Katherine since June.

Documents state that Katherine Jackson, 79, has been financially dependent on her son during periods of his life, and that for years, Michael had paid for all his mom's living expenses at the Jackson family's Encino, Calif., home.

Paris, Blanket and Prince Michael Jackson with grandmother Katherine.

Lawyers for the singer's estate also estimated his total assets exceeds $500 million, and that future business agreements bearing the late, great Michael Jackson's name could generate an additional "tens of millions of dollars."

Katherine Jackson was named permanent guardian of the three grandchildren. All four are primary beneficiaries under the singer's will, along with various, as-yet-unnamed charities, which will receive the remaining 20 percent.

The homicide investigation into Jackson's death is nearly complete.

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Michael Jackson Biography

Michael Jackson mug shot
Michael Jackson was the King of Pop, with the best-selling album of all-time and more than a dozen massive hits. After years of physical... More »
Gary, Indiana
Full Name
Michael Joseph Jackson