Jackson's Will: Who's Out, Who's In

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A document purported to be Michael Jackson's last will names and testament was filed Wednesday in a Los Angeles court. 

The singer reportedly left his entire estate to the "Michael Jackson Family Trust"-- a trust that lawyers are now trying to confirm existed.  In the will, Jackson also gives custody of his children to his mother, Katherine.  He writes that he purposely omits his former wife Debbie Rowe from the document.

The will is dated July 7, 2002 and gives the estimate for Jackson's estate at that time at well over a half a billion dollars.

The documents reveal Jackson's holdings consisted almost entirely of "non-cash, non-liquid assets, including primarily an interest in a catalogue of music royalty rights which is currently being administered by Sony ATV, and the interests of various entities."
     
Katherine Jackson, is named as a beneficiary of the trust and the guardian of Jackson's three young children, who are named in the will.  The children are from seven to 12 years years of age.
     
The will also names Diana Ross as a successor trustee to Jackson's mother if necessary.

Funeral Arrangements

Funeral plans for Jackson are still pending.  A family spokesman said Wednesday that a public memorial service is being planned, but it will not be held at the singer's Neverland Ranch as previously reported.

More than a dozen vehicles, including a tractor, a cement mixer and a backhoe, along with groups of gardeners and florists bearing huge wreaths, were spotted on the property located about 120 miles northwest of Los Angeles.

Once a symbol of Jackson's success and excesses, Neverland -- the 2,500-acre property nestled in the hills of Santa Barbara County's wine country -- became the site of a makeshift memorial after his death Thursday.

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