Michael Jackson left his father nothing in his will

Michael Jackson left his father nothing in his will

Michael Jackson left his father nothing in his will.
The 50-year-old pop legend - who died after suffering a reported cardiac
arrest last Thursday (25.06.09) - left his entire estate to his mother
Katherine, three children Prince Michael, 12, Paris, 11, and seven-year-old
Prince Michael II and several charities, according to a will made in 2002.
America's prestigious business newspaper the Wall Street Journal reports the
will is the last one Michael - who had a troubled relationship with his
father and had accused him of physical abuse during his childhood - made.
It is understood Michael's lawyer John Branca - who stopped working with
Michael in 2006 but was reportedly rehired three weeks ago, and who arranged
for Michael to buy The Beatles publishing catalogue in 1985 - could hand the
document to the Los Angeles Superior Court as early as tomorrow (01.07.09).
In a petition filed by Michael's parents to administer his estate on Monday
(29.06.09), they claimed their son died "intestate", meaning without a will.
Joe and Katherine's lawyer L. Londell McMillan claims neither of Michael's
parents have seen the 2002 document.
McMillan wrote in an email: "No will has been presented to family or us. We
will review any will when we see it."
The document names Branca and music executive John McClain, who was friends
with Michael, as executors.
It is alleged Michael died with a debt of around $500 million, but his
assets are said to be worth in the region of $700 million.
His most valuable asset is his 50 per ownership of Sony/ATV Music
Publishing. He also owned publishing catalogue Mijac, which is made up of
his own music. Sony currently have control of the masters of his albums, but
that was set to be handed back to him in five years, according to reports.
Katherine was given temporary custody of Michael's children yesterday
(29.06.09), but she was denied temporary guardianship of the children's
estate.