Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Entertainment


Our network sites seattletimes.com | Advanced

Originally published July 1, 2009 at 3:12 PM | Page modified July 1, 2009 at 11:37 PM

Comments (0)     E-mail E-mail article      Print Print      Share Share

Jackson's will: Who wins and loses?

A look at who wins and loses in Michael Jackson's 2002 will, which aims to move all of his estimated $500 million-plus assets into a private family trust.

A look at who wins and loses in Michael Jackson's 2002 will, which aims to move all of his estimated $500 million-plus assets into a private family trust.

SHUT OUT: Ex-wife Debbie Rowe; Jackson's father Joe Jackson.

CLEAR WINNERS: Mother Katherine, 79, who also was named guardian of Jackson's children; son Michael Joseph Jr., known as Prince Michael, 12; daughter Paris Michael Katherine, 11; and son Prince Michael II, 7. All were called trust beneficiaries in documents filed with the will.

POTENTIAL WINNERS: Several Jacksons were named "contingent remainder" beneficiaries, who usually gain once the main beneficiaries pass away. They include the three sons of brother Tito Jackson - Taj, Taryll, and T.J., who make up the band 3T.

CHARITIES: Unknown, but one of the people to be notified of the will is California Attorney General Jerry Brown, whose office oversees charitable gifts from estates.

MOTOWN MOM: Diva Diana Ross was named guardian of his children if Katherine passes away or is unable or unwilling to serve.

EXECUTORS: Three executors were named in the will, but one, Santa Monica accountant Barry Siegel, resigned in 2003. The remaining co-executors are John Branca, a longtime Jackson attorney who split from Jackson in 2006 but says he was rehired two weeks ago, and John McClain, a music executive and longtime friend.

INSURANCE: Documents indicate the existence of a "Michael Jackson Insurance Trust." Estate lawyer Roy Kozupsky said if that trust holds a life insurance policy, the proceeds could be used to pay off the huge tax bill the estate could owe the federal government.

Copyright © The Seattle Times Company

More Entertainment headlines...

E-mail E-mail article      Print Print      Share Share

Comments
No comments have been posted to this article.

advertising


Get home delivery today!

More Entertainment

Movie review: 'The Adjustment Bureau': Hats off to a fine fantasy

Movie review: 'Beastly': Fairy-tale misfits who look like models

UPDATE - 08:57 AM
'Glee' could cover more Michael, Janet ... and ABBA

Movie review: 'Rango': Johnny Depp nails his role as the lizard hero in this wild Western

UPDATE - 09:14 AM
Carey 'embarrassed' over Gadhafi-linked concert

Advertising

Video

Marketplace

 
Most read
Most commented
Most e-mailed
 
 

Most viewed imagesMore

Advertising