LOS ANGELES — Court filings state the administrators of Michael Jackson's estate have received the King of Pop's life insurance proceeds.
The records, filed Friday in Los Angeles, are redacted and don't indicate how much the policy paid out. The filings state that money designated for Jackson's three children has been received by a trust being handled by special administrators of the singer's estate.
The filings are meant to augment a petition to give the children a monthly stipend. Another filing indicates Jackson's mother, Katherine, is also eligible for some benefits from the policy.
The administrators are also seeking an allowance for Katherine Jackson, who is now caring for the children.
A court hearing is scheduled Monday on whether the allowances will be granted.
______
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The records, filed Friday in Los Angeles, are redacted and don't indicate how much the policy paid out. The filings state that money designated for Jackson's three children has been received by a trust being handled by special administrators of the singer's estate.
The filings are meant to augment a petition to give the children a monthly stipend. Another filing indicates Jackson's mother, Katherine, is also eligible for some benefits from the policy.
The administrators are also seeking an allowance for Katherine Jackson, who is now caring for the children.
A court hearing is scheduled Monday on whether the allowances will be granted.
______
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
