Wednesday, July 1, 2009

Michaels Will



Michael Jackson's will, filed Wednesday in Los Angeles, gives his entire estate to a family trust and names soul sensation Diana Ross as a potential guardian of his kids.

Jackson named his mother, Katherine Jackson, beneficiary of the Michael Jackson Family Trust and guardian of his three children in the five-page document.

In an unexpected revelation, the former Supremes superstar was named to succeed Jacko's mother as guardian, if necessary.

Ex-wife Debbie Rowe, mother of his eldest two children, was cut out entirely.

"I have intentionally omitted to provide for my former wife, Deborah Jean Rowe Jackson," the will, drafted in July 2002, states.

It's unclear if Rowe, who divorced Jackson in 1999 after three years of marriage, intends to seek custody of Jackson's two eldest children.

Six other relatives stand to benefit from Jacko's will, including brother Tito's three sons, according to a court document obtained by TheSmokingGun.com.

Jackson's estate was estimated at more than $500 million, almost entirely "non-cash, non-liquid assets."

Source NyDailyNews

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