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Jackson's Last Will -- Diana Ross Mentioned

7/1/2009 10:00 AM PDT BY TMZ STAFF

Michael Jackson's will has been filed with the court. Jackson asks that his mother, Katherine, be made the guardian of all three of his kids. The will says if Katherine died before him or couldn't serve as guardian, he nominated Diana Ross.

And there's a petition filed along with the will, saying Jackson's estate is worth more than $500,000,000. The petition says almost all of the estate "consists 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."

MIchael Jackson's Will

As we first reported, the will leaves everything to the Michael Jackson Family Trust, stating, "I give my entire estate to the Trustee or Trustees..."

The will has been misinterpreted in reports -- suggesting that Debbie Rowe was intentionally excluded. Jackson has even excluded his own children from getting property under the will. But all that means is that the trust he created will control the distribution of property.

The will declares that Jackson is not married.

The will names John Branca, John McClain and Barry Siegel as co-Executors. Branca was Jackson's lawyer, McClain is a music exec and Siegel was Jackson's accountant. But Siegel resigned from his role as executor in 2003.

Branca and McClain just released the following statement: "The most important element of Michael's will is his unwavering desire that his mother, Katherine, become the legal guardian for his three children."


Michael Jackson's Will


Michael Jackson
We now know what's in Michael Jackson's will -- for starters, he never said where he wanted to be buried.

We've learned the will -- which will be filed today -- is 5 pages long. As for who gets what -- Jackson's entire estate goes to the Michael Jackson Family Trust. The trust documents are not included in the will and the contents of the trust remain confidential.

We're told the trust provides for Michael's children and mother, and distributes money to several charities.



Michael jackson Launch photos

Michael's Will -- Katherine Should Get Custody


Michael Jackson
There are reports that Michael Jackson's will says the singer wanted his mom, Katherine, to get custody and wanted assets to be placed in trust.

The will, according to the AP, lists Jackson's lawyer, John Branca, and John McClain, a music exec, as executors.

The will has not been filed with the court.

As for custody -- the will does matter, but ultimately the decision on who gets custody is in the hands of the judge.

Jackson's Dad Aced Out of Will


Michael Jackson signed a will in 2002 providing for his children and his mom, but leaving nothing to daddy Joe -- this according to the Wall Street Journal.

As we reported yesterday, attorney John Branca has the will and plans to file it with the court within 30 days of the singer's death. According to the will, Jackson reportedly left his estate -- estimated at $1 billion -- to his mother, three children and one or more charities.

As for why Joe was left out -- Jackson has said during his childhood his father beat him.


Michael Jackson's Estate in Court


Michael Jackson
Initial papers have been filed with the court to probate Michael Jackson's estate. But it seems Jackson's mom and dad don't know Jackson had a will.

The petition was filed by Michael's parents, Joe and Katherine Jackson. But here's the thing. The papers say Jackson died "intestate" -- that means, without a will.

But we've learned Jackson's long-time lawyer, John Branca, who just came back on board 3 weeks ago, has a will Jackson signed that he intends to file within 30 days.

The petition asks that Katherine be named as administrator of the will ... meaning she wants to call the shots.

The papers say Debbie Rowe will be served with notice of a hearing.


Inside Neverland Ranch


As concrete trucks and porta-pottys arrive, check out these pics of the current barren state of Michael Jackson's Neverland Ranch.

Neverland Ranch

COMMENTS

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1.

LMV47    

Michael Jackson was a musical genius, but truly not even remotely able to handle every day life. So sad. His excentricity and "freak show" personal life hopefully has not damaged those beautiful children. May all find peace and remember Michael's talent.

1890 days ago
2.

chris    

too bad you can't "will" your children like property bonehead

1890 days ago
3.

WhatEver    

My heart goes out to Michaels kids, I know he will still be watching over them from above. just like I know my parents watch over me--they are my guardian Angels.

1890 days ago
4.

Emma    

I think Michael Jackson was a gifted musical artist. Anyone who ever believed those ridiculous molestation charges didn't have brains. Michael was much like Benjamin Buttons when he was young he was wise beyond his age, As he grew older he became more childlike. Why he chose to do that do his appearance I guess we will never know, but its what was on the inside that mattered. His kindness and childlike innocence shown through to those who bothered to look past the outside strangeness. Lets all have the decentcy now to let him Rest In Peace,

1890 days ago
5.

kittiemac    

it's so sad that Michael Jackson's estate was not entirely clear as far as we know where he wanted to be buried. From what I see how can his parents not know that he had a will in place, apparently, greed has came to the front the line again. I feel that Katherine and Joseph are the most selfish people on the earth right now you can just see it in their little beady eyes.

1890 days ago
6.

WhatEver    

why is everyone focused on looks?? typical what is that? WHO CARES ABOUT LOOKS? ITS ALL ABOUT THE SOUL, AND MICHAELS HAD THE BEST!!!!

1890 days ago
7.

Sandy    

Regardless of how Michael Jackson changed his appearance, how he lived his life, his strange actions, and on and on, no one can take away the fact that he was probably the most talented entertainer of all time. I loved his music, and no one can take that away from him. I am so sorry he is no longer with us, and my sympathies go out to his family. The children have lost their father. His parents and siblings have lost a son and a brother. Perhaps all of you who are so down on Michael can at least remember the heartache the family is going through.

1890 days ago
8.

Howard L.    

My personal feelings are as follows: M.J.'s mother shoud be the guardian of his children with a set amount of funds set aside to care for them for the rest of their lifes,The first thing that concerned her was that she felt Michael always keep a large sum of cash in the house and wanted to know were it was keep(How dispicable is that) As for his farther, he should get NOTHING( Maybe he should consider finding a job,And stop hanging out with the raceist Al Sharpton) were was he during the King Of Pop's rise to stardom Nowere and now he comes out form under his rock.Let the courts decide according to his will that is in the hands of his attorney John Branca, whats fair and just. Michael Jackson my be gone but he will always be remembered as the KING OF POP, Long Live The King.

1890 days ago
9.

nora    

so, it really was an empty gesture, when michael jackson said he would be leaving the beatles song catalogue to paul mccartney; since it seems he didn't bother to make the changes. what a loser.

1890 days ago
10.

lucyzapico    

you all need to stop talking about this bull sh** i am getting tired of listening to it all over the news and stuff just leave it alone and stop talking about michael jackson. dang

1890 days ago
11.

WhatEver    

WELL NORA--WHO CARES ABOUT THE FRIGGIN BEATLES ANYWAY? MICHAEL IS AND WAS THE ONLY ICON!!!

1890 days ago
12.

Janneyy    

This is sad im reading his will right now and i can't understand it well. but its wierd how the kids arent his.
why do you think he did this? im not sure right now but the biological parents are souposed to be cute.lol. and thats where prince got curly hairr.

1890 days ago
13.

gary    

Why is it so unbelievable that Michael was a pedophile?...because he could sing?...because he was rich?...after paying one kid over 20 million to go away...would you ever be alone with an underage child again?..yet he made a show of being with young boys many times after that and defended being naked with them in bed and letting them watch him urinate in another interview...and by the way..it doesnt take away the fact that he was musically gifted...he was still a very strange individual...and to hear that he "bred"..his children outside the body in a tube and then called them his own is also very strange,,why not use his own sperm if he wanted children...or was he really just making playmates for himself??..and to hear Jesse Jackson and Al Sharpton talk...he had such a tragic life in the spotlight...he had more than enough money to hide away many years ago...but his ego wouldnt let him...poor me...poor me....and at the same time..look at me..look at me...and at the same time putting those poor kids in masks and walking them around in the public that way....it just drew more attention to them....Im sorry he left them fatherless, but he had many chances and the money to clean up his drug use many times over.

1890 days ago
14.

Lacy    

Enough already. BURY THE GUY AND LET HIM REST IN PEACE!!!! I'm sick of this whole circus and his dad trying to make money off of him before he is in the ground for the last time. Ole Joe gotta be mak'n dat las dolla he can off his son. HOW SICK. The mom really shines too doesn't she. Doesn't even want her own children. I say put the kids in an adopted home together and keep them away from further abuse from any of the Jacksons who might want to use them for financial gain in the future. If any of the Jacksons have them they will be ruined for life. Those kids deserve a life. They don't need the Jacksons useing them to gain money like they did Michael. There are loads of good people who want children out there to love them.

Joe Jackson is a demon from hell. He is already trying to make money off Michael's funeral. Al Sharpton will do anything to get on camera along with Jessie Jackson. If Michael had of been my child he would already be buried. Al;l this sideshow stuff just makes me sick.

1890 days ago
15.

Michele    

I have always liked Michael and his music and don't believe he was guilty of anything, and I'm a 65 yr old White Grama.

1890 days ago
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