Michael Jackson's 7-year-old will was filed in a Los Angeles court, giving his entire estate to a family trust but cutting out his former wife Debbie Rowe.
The will, dated July 7, 2002, estimated his estate at that time at more than $500 million.
It gives the entire estate to the Michael Jackson Family Trust.
The documents said Jackson's estate consisted almost entirely 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."
His mother, Katherine Jackson, is named as a beneficiary of the trust and the guardian of Jackson's three young children, who are named in the will.
The will names Diana Ross as a successor trustee to Jackson's mother if necessary.
Full Article and Source:
Jackson’s will cuts out ex-wife Debbie Rowe
See also:
Jackson's Mom Gets Temp. Guardianship
A Storm Brewing
The will, dated July 7, 2002, estimated his estate at that time at more than $500 million.
It gives the entire estate to the Michael Jackson Family Trust.
The documents said Jackson's estate consisted almost entirely 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."
His mother, Katherine Jackson, is named as a beneficiary of the trust and the guardian of Jackson's three young children, who are named in the will.
The will names Diana Ross as a successor trustee to Jackson's mother if necessary.
Full Article and Source:
Jackson’s will cuts out ex-wife Debbie Rowe
See also:
Jackson's Mom Gets Temp. Guardianship
A Storm Brewing
4 comments:
7 year old will? You can bet there will be many, many more wills yet to surface.
Yes, Anonymous, this is just the beginning.
Can you imagine the smiles on the lawyers' faces? It makes me sick to think of it.
The first thing the lawyers will want to do is convert the "non-cash" assets to cash.
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