Michael Jackson’s Will: New Details

By: Celebuzz / July 1, 2009

New details about the 2002 will drafted by deceased music legend Michael Jackson are beginning to emerge, People magazine reports.

In the document (view it here), which Jackson’s family has obtained and is currently reviewing, Jackson leaves all of his assets to the Michael Jackson Family Trust. Contrary to earlier reports, the will does not specifically exclude Jackson’s father, Joe Jackson. Nor does it list any particular charities as beneficiaries.

The will does, however, name Jackson’s mother, Katherine, as guardian to his three children, Prince, Paris and Blanket. Last week, Katherine, 79, was granted temporary guardianship of the children in court.

In the event that Katherine is unable to serve as guardian, the will nominates singer Diana Ross as an alternate guardian to the kids.

How all of this will shake out financially remains to be seen.  According to a source, “There are no numbers in the will. The assets are going into the family trust.” Confidentiality issues prevent the beneficiaries of the Family Trust from being named.

Attorney John Branca and music executive John McClain are named as executors of the will.