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Michael Jackson's Will Filed, Names Katherine As Guardian
Posted on Wed Jul 1, 2009 10:05 AM PDT
Michael Jackson's will has been filed with the court, and in it Jackson nominates his mother Katherine as the guardian for his three children. The will states that if Katherine died before him or couldn't serve as guardian, he'd like Diana Ross to be made the legal guardian for Paris, Prince and Blanket.
Jackson left everything to the Michael Jackson Family Trust, stating, "I give my residuary estate to the Trustee or Trustees named to act in the Michael Jackson Family Trust." Jackson states that his marriage to Debbie Rowe "has been dissolved," and regarding leaving any money to his ex-wife, he has "intentionally omitted to provide for [her]."
A petition was filed along with the will, stating that Jackson's estate is worth more than $500,000,000. The petition notes that Jackson's assets consist of "non-cash, non-liquid assets, including primarily an interest in a catalog of music royalty rights which is currently being administered by Sony/ATV, and interests in various entities."
Hopefully no one will interfere with his children getting their inheritance!
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