Joe Jackson Demands Pension

Los Angeles-Joe JacksonJoe Jackson, father of the late pop star Michael JacksonMichael Jackson, filed a petition on friday in court with intends to receive a pension from the estate of the musician, claiming his son helped him for many years.

The application filed at the Superior Court of Los Angeles argues that the assets of Michael Jackson have earned an estimated $ 100 million since the singer's sudden death on June 25th, and its managers hope to earn 100 million more before the end of this year.

The paper argues that Joe Jackson, who suffers from diabetes, was supported by Michael before his sudden passing through payments to the mother of singer and wife of Joe Jackson, Katherine Jackson, which were then given to Joe Jackson.

Joe Jackson says his expenses are above 20 thousand dollars a month, but that their pension income reaches only $ 700 thousand.

"The situation of Mr. Jackson requires a family pension he is 81 years old and Michael Jackson supported him in the same way He did his wife, Katherine Jackson, who was the mother of Michael, to whom the Court granted a family pension in October, "the petition says.

Michael Jackson, known as the 'King of Pop' after his successful career, died of a drug overdose on June 25th at 50 years of age in Los Angeles, just weeks before the start of his concerts in London.

Since then, made a film about the last days of rehearsals for a concert tour and the videos of these rehearsals forged the basis for 'This is It", a film that has earned more than $ 144 million in worldwide revenue from its premiere on Oct. 28.

Sales of his albums have grown and this week the soundtrack of 'This is It" led the U.S. charts with 373 thousand copies.

In his will, Michael Jackson left his estate to a family trust that benefits his three children, mother and charities. When His wealth managers sought approval of the Court to give a pension to Katherine Jackson, Joe Jackson was excluded without reason and for no apparent reason, according to the petition filed Friday.

A statement accompanying the submission argues that, in early 2000, Michael Jackson Katherine Jackson paid about 50 thousand dollars a month and that figure has climbed to 66 thousand a month later.

The statement claims that Michael Jackson knew that some of that money was given to Joe Jackson to help pay their expenses and demand says that cash flow has stopped now.