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Michael Jackson's Will Filed In Court

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Michael Jackson's Will Filed In Court Empty Michael Jackson's Will Filed In Court

Post  powerranger Sat Jul 04, 2009 1:06 am

Michael Jackson's will was filed in Los Angeles Superior Court on Wednesday (July 1), revealing the late singer's wishes for his estate and the three children he left behind.

In the will, which was drafted in 2002, Michael Jackson called for family attorney John Branca, accountant Barry Siegel and music executive and longtime friend John McClain to serve as co-executors of the Michael Jackson Family Trust, an estate established to manage all of the King of Pop's assets. According to The Associated Press, Jackson estimated his worth at more than $500 million at the time he completed his will. Documents obtained by the AP reveal Michael Jackson's estate consisted of "non-cash, non-liquid assets, including primarily an interest in a catalogue of music royalty rights which is currently being administered by Sony ATV, and the interests of various entities."

In the will, Michael Jackson nominated his mother, Katherine Jackson, to serve as guardian of his three children. On Monday, a judge granted Katherine temporary custody of the children, Prince Michael Joseph Jackson Jr., 12; Paris Michael Katherine Jackson, 11; and Prince Michael Jackson II, 7. In the event Michael Jackson's mother was unable or unwilling to care for the children, the singer then called for Diana Ross, an early mentor to Michael Jackson, to be the guardian of his kids.

Debbie Rowe, Jackson's ex-wife and the mother of his first two children, was specifically omitted from the will. The mother of Michael Jackson 's third child remains unknown.

"I have intentionally omitted to provide for my former wife, Deborah Jean Rowe Jackson," the will states.

As co-executors of the Michael Jackson Family Trust, Branca, McClain and Siegel have the right to sell or mortgage any property Michael Jackson owns and to invest state funds as necessary. They will probably have their hands full with the host of lawsuits and debt Michael Jackson left behind.

Branca and McClain issued a joint statement to the press earlier today, reiterating M Michael Jackson’s desire for his children to be placed under his mother's care.

The will states that if one of the men refuses to serve as co-executor, a replacement does not need to be named. Should all three men decline, together they could nominate a new executor.

There is no mention by Jackson in the will of where or how he wished to be buried.



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powerranger

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