Michael Jackson’s Will To Be Submitted To The Court
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Michael Jackson’s will that was drafted back in 2002 divides up his estate between his children and mother. His father Joe is left out of the will, according to the Wall Street Journal.
He also left some of his estate to one or more charities.
His lawyer will submit the will to the Los Angeles Superior soon, as early as Thursday.
Michael’s parent filed papers Monday saying he died without a valid will but his lawyer says he has the will in a safe.
A lawyer for Katherine and Joe said:
“No will has been presented to family or us,” wrote the lawyer, L. Londell McMillan, who also once represented Michael Jackson. “We will review any will when we see it.”
Katherine was granted temporary guardianship of Michael’s three children. It is not known what custody arrangements are in the 2002 will.
Michael’s most valuable asset is believed to be his 50% stake in Sony/ATV Music Publishing, a joint venture with Sony Corp. and other assets include Mijac, a publishing catalog that comprises his own musical composition. Both are said to have been used as collateral for loans.
The family is still sorting out funeral arrangements.
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