Michael Jackson’s Will Cuts Out Papa Joe?
Posted on June 30th, 2009 by Hot Momma
The will of the late Michael Jackson has been the subject of much debate with concern there might not be a validone in place.However, a will from 2002 has emerged from Jackson’s lawyer, which is believed to be his final one.
The 2002 document was prepared by Attorney John Branca, who is also named as executor along with music executive John McClain, a longtime friend of Jackson’s.
Details emerging from the will divide Jackson’s large estate between his mother, three children and various charities. On Monday, a Los Angeles court awarded temporary custody of Jackson’s children to Jackson’s mother, Katherine Jackson.
Michael Jackson had a bad relationship with his father Joseph Jackson during his lifetime and not surprising daddy is rumored to be excluded from his will. Michael has eluded to the beatings he suffered at the hands of daddy, and it appears to have greatly effected his emotional stability. On a side note it really annoyed me to see Papa Joe emerge yesterday from the family compound to make some comments about the death of his son and how the family was doing but instead used the spotlight to plug one of his business ventures. It showed his true colors.
Michael’s estate reportedly carries about $500 million in debt, but remaining assets are thought to total around $200 million.
His major assets, include a 50 percent stake in Sony/ATV Music, Mijac, a publishing catalog of his own music and the master recordings of his albums, which will revert to Jackson estate within five years.
The 2002 will is expected to be filed in court sometime this week.
Picture seveal years from now without a court appointed guardian. Silly mom Katerine, the enabler of many idiots.. will blow it all with the crooked advice of her greedy sons and lend it to creepy joe then scream and sue everyone else she will say robbed her and those grandkids..