Full Content of Michael Jackson's Last Will and Testament
When everyone thought that it will be a grueling battle for custody and the estate of Michael Jackson, Jackson's Last Will and Testament signed in 2002 appeared. According to this will Michael Jackson's assets will be placed in a family trust and that his mother be appointed the guardian of his three offspring. The same will, lists three executors, including lawyer John Branca and music industry executive John McClain. The will makes no provision for bequests to Jackson's father or any of his eight siblings, and a court filing indicates that beneficiaries of the Michael Jackson Family Trust are limited to his children and mother Katherine. (A copy of the will is included below)
Branca and McClain believe that the value of Jackson's estate "exceeds $500 million" and consists of "non-cash, non-liquid assets," including Jackson's share of lucrative music royalty rights. As regards, custody of his children Michael stated in the will that in the case his mother were to predecease him (or was unable or unwilling to serve as guardian), singer Diana Ross should be appointed guardian of his minor children.
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Branca and McClain believe that the value of Jackson's estate "exceeds $500 million" and consists of "non-cash, non-liquid assets," including Jackson's share of lucrative music royalty rights. As regards, custody of his children Michael stated in the will that in the case his mother were to predecease him (or was unable or unwilling to serve as guardian), singer Diana Ross should be appointed guardian of his minor children.
| Pagod Ka Na Bang Maging si Juan? | Ordinary People, Ordinary Day |