Michael Jackson‘s last will has been filed with the court, with a date of July 7, 2002 on it. In the document, Michael leaves everything to the Michael Jackson Family Trust, and names John Branca, John McClain and Barry Siegel as co-Executors. Branca was his lawyer, McClain a music executive and Siegel was his former accountant, who resigned in 2003.
He also states "I have intentionally omitted to provide for my former wife, Deborah Jean Rowe Jackson," and gives guardianship of his three children, Michael Jackson Jr., Paris Michael Katherine Jackson and Prince Michael II to his mother; however if she is unable to care for the kids, he designated Diana Ross as guardian.
"If any of my children are minors at the time of my death, I nominate my mother, Katherine Jackson as guardian of the persons and estates of such minor children. If Katherine Jackson fails to survive me, or is unable or unwilling to act as guardian, I nominate Diana Ross as guardian of the persons and estates of such minor children," reads the will.
Alongside the will, a petition was filed, stating that MJ’s estate is worth a total of $500 million. According to the document, the estate "consists of non-cash, non-liquid assets, including primarily an interest in a catalog of music royalty rights which is currently being administered by Sony-ATV, and interests in various entities."