Who will get the $700 Million
July 1st 2009 02:43
A 2002 will of Michael Jackson grants the custody of his estate to his mother and his three children but excludes his father.However, pop star's family
has not seen the document, the Journal said quoting family lawyer L Londell McMillan.However, Michael Jackson's family has not seen the document.
Family Lawyer McMillan said that No will has been presented to family or us. We will review any will when we see it.
Jackson's former lawyer, John Branca has come out claiming that he has the will. Sources close to the singer said that Branca may submit the will to
the Los Angeles Superior Court on Thursday.The will names Branca who was Jackson's lawyer between 1980 and 2002 and veteran music executive John McLain as its executors. Branca also claims that he was rehired by the singer just a week before his death.The document has reportedly cut out Jackson's father, Joe Jackson, who shared an uneasy relationship with his legendary son.TMichael Jackson had a troubled childhood and had openly blamed his father for abusing him as a child.The latest development is expected to cause further confusion over ownership of Jackson's property.
According to the Journal, Jackson left a debt of $500 million but the value of his estate has been estimated at $700 million.
Meanwhile, Jackson's 79-year-old mother Katherine Jackson was granted temporary custody of her three grandchildren in a court hearing. The
children will be under the care of Katherine till August 3, after which she will make her case to be their permanent guardian.
The pop star's ex-wife Debbie Rowe, the mother of his two elder children is also expected to claim custody of her children and there is also the
possibility that the mother of Jackson's youngest child, Prince Michael II, may emerge to reclaim the boy.
But, speaking outside a music awards tribute in Los Angeles on Sunday, Joe Jackson had claimed that he was following his son's wishes.
has not seen the document, the Journal said quoting family lawyer L Londell McMillan.However, Michael Jackson's family has not seen the document.
Family Lawyer McMillan said that No will has been presented to family or us. We will review any will when we see it.
Jackson's former lawyer, John Branca has come out claiming that he has the will. Sources close to the singer said that Branca may submit the will to
the Los Angeles Superior Court on Thursday.The will names Branca who was Jackson's lawyer between 1980 and 2002 and veteran music executive John McLain as its executors. Branca also claims that he was rehired by the singer just a week before his death.The document has reportedly cut out Jackson's father, Joe Jackson, who shared an uneasy relationship with his legendary son.TMichael Jackson had a troubled childhood and had openly blamed his father for abusing him as a child.The latest development is expected to cause further confusion over ownership of Jackson's property.
According to the Journal, Jackson left a debt of $500 million but the value of his estate has been estimated at $700 million.
Meanwhile, Jackson's 79-year-old mother Katherine Jackson was granted temporary custody of her three grandchildren in a court hearing. The
children will be under the care of Katherine till August 3, after which she will make her case to be their permanent guardian.
The pop star's ex-wife Debbie Rowe, the mother of his two elder children is also expected to claim custody of her children and there is also the
possibility that the mother of Jackson's youngest child, Prince Michael II, may emerge to reclaim the boy.
But, speaking outside a music awards tribute in Los Angeles on Sunday, Joe Jackson had claimed that he was following his son's wishes.
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