The Details of Michael Jackson’s Will
Posted by K.C. Morgan Categories: Music, Child Stars, Legal Issues, Rumors,
UPDATE: Entertainment Tonight has released the full contents of Michael Jackson’s will. In it, the King of Pop names mom Katherine as the primary caregiver for his kids. In case grandma can’t rise to the challenge, Jackson names longtime friend Diana Ross as the second choice to mother his brood of three. Jackson also states that he intentionally did not include Debbie Rowe (mother to at least two of the Jackson tots) in the document.
Despite claims made by Joe and Katherine Jackson that their son Michael died without a will, one has miraculously come to light. The Wall Street Journal has reported on the information this document contains…and things don’t look so great for dad Joe Jackson.
According to WSJ, the will divides most of Michael Jackson’s assets between his three kids, mom Katherine Jackson and one or more charities. Dad Joe isn’t mentioned and doesn’t stand to inherit a thing from the King of Pop.
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Legalities and Mystery Shrouds Michael Jackson’s estate
Posted by K.C. Morgan Categories: Music, Celebrity Babies, Legal Issues, Videos, Rumors,
At the height of his career in the late 80s, when he was doing commercials and worldwide tours for huge audiences, Michael Jackson was truly the King of Pop. It was reported that the singer was worth around $2 billion US - not a bad little bit of change.
In the wake of Jackson’s death, however, it’s much harder to pin down a figure. As of right now, the size of Jackson’s estate remains largely unknown. It was reported recently that the singer still had around $350,000, while other sources estimated Jackson at closer to $800 million. Some reports even suggest that Jackson was actually in debt - one news organization says the amount could reach up to $500 million.
Who will inherit the burden or largesse, such as the case may be? This, too, remains a mystery. Early reports and court documents filed by parents Katherine and Joe Jackson suggested that Michael died intestate (without a will), but a lawyer has stepped forward to refute these claims.
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