Michael Jackson’s last will has been filed with the court.
In the document — dated July 7, 2002 — the tragic King of Pop leaves everything to the Michael Jackson Family Trust, and names John Branca, John McClain and Barry Siegel as co-Executors.
Branca was his lawyer; McClain a music executive; and Siegel was his former accountant, who resigned in 2003.
Beneficiaries of the will are Jackson’s three children: Prince, 12, Paris, 11, and Blanket, 7.
Jacko also states, “I have intentionally omitted to provide for my former wife, Deborah Jean Rowe Jackson,” and gives guardianship of his three children to his mother, Katherine Jackson; however if she is unable to care for the kids, he designated Diana Ross as guardian.
(Download a copy of Michael Jackson’s will)
“If any of my children are minors at the time of my death, I nominate my mother, Katherine Jackson as guardian of the persons and estates of such minor children. If Katherine Jackson fails to survive me, or is unable or unwilling to act as guardian, I nominate Diana Ross as guardian of the persons and estates of such minor children,” reads the will.
As for what Jackson leaves behind, a petition attached to the will values his estate at $500 million – nearly all of it “non-cash, non-liquid assets” in the form of a lucrative music catalog and “interests in various entities.”
Jackson, 50, died Thursday (June 25) after suffering an apparent cardiac arrest at his home in Los Angeles.
The superstar will have both a public and a private funeral.
A public memorial will be held at Neverland Ranch on Friday, July 3, NBC News and CNN reported.
In addition, a private funeral will be held at Jackson’s famed estate in Santa Barbara for the Jackson family on Sunday.
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