Michael Jackson’s will cuts out ex-wife Debbie Rowe and leaves entire estate to family trust
By Anthony Mccartney, APWednesday, July 1, 2009
Jackson’s will cuts out ex-wife Debbie Rowe
LOS ANGELES — Michael Jackson’s 7-year-old will was filed Wednesday in a Los Angeles court, giving his entire estate to a family trust but cutting out his former wife Debbie Rowe.
The will, dated July 7, 2002, estimated his estate at that time at more than $500 million.
It gives the entire estate to the Michael Jackson Family Trust.
The documents said Jackson’s estate consisted almost entirely of “non-cash, non-liquid assets, including primarily an interest in a catalogue of music royalty rights which is currently being administered by Sony ATV, and the interests of various entities.”
His mother, Katherine Jackson, is named as a beneficiary of the trust and the guardian of Jackson’s three young children, who are named in the will.
The will names Diana Ross as a successor trustee to Jackson’s mother if necessary.
