Last Will of Michael Joseph Jackson

[Royalpurple209]

Last Will of Michael Joseph Jackson

Wednesday, July 01, 2009

LAST WILL

OF

MICHAEL JOSEPH JACKSON

I, MICHAEL JOSEPH JACKSON, a resident of the State of California, declare this to be my last Will, and do hereby revoke all former wills and codicils made by me.

I

I declare that I am not married. My marriage to DEBROAH JEAN ROWE JACKSON has been dissolved. I have three children now living, PRINCE MICHAEL JACKSON, JR., PARIS MICHAEL KATHERINE JACKSON and PRINCE MICHAEL JOSEPH JACKSON, 11. I have no other children, living or deceased.

II

It is my intention by this Will to dispose of all property which I am entitled to dispose of by will. I specifically refrain from exercising all powers of appointment that I may possess at the time of my death.

III

I give my entire estate to the Trustee or Trustees then acting under that certain Amended and Restated Declaration of Trust executed on March 22, 2002 by me as Trustee and Trustor which is called the MICHAEL JACKSON FAMILY TRUST, giving effect to my amendments thereto made prior to my death. All such assets shall be held, managed and distributed as a part of said Trust according to its terms and not as a separate testamentary trust.

If for any reason this gift is not operative or is invalid, or if the aforesaid Trust fails or has been revoked, I give my residuary estate to the Trustee or Trustees named to act in the MICHAEL JACKSON FAMILY TRUST, as Amended and Restated on March 22, 2002, and I direct said Trustee or Trustees to divide, administer, hold and distribute the trust estate pursuant to the provisions of said Trust, as hereinabove referred to as such provisions now exist to the same extent and in the same manner as though that certain Amended and Restated Declaration of Trust, were herein set forth in full, but without giving effect to any subsequent amendments after the date of this Will. The Trustee, Trustees, or any successor Trustee named in such Trust Agreement shall serve without bond.

IV

I direct that all federal estate taxes and state inheritance or succession taxes payable upon or resulting from or by reason of my death (herein "Death Taxes") attributable to property which is part of the trust estate of the MICHAEL JACKSON FAMILY TRUST, including property which passes to said trust from my probate estate shall be paid by the Trustee of said trust in accordance of terms. Death Taxes attributable to property passing outside this Will, other than property constituting the trust estate of the trust mentioned in the preceding sentence, shall be charged against the taker of said property.

V

I appoint JOHN BRANCA, JOHN MCCLAIN and BARRY SIEGEL as co-Executors of this Will. In the event of any of their deaths, resignations, inability, failure or refusal to serve or continue to serve as co-Executor, the other shall serve and no replacement need be named. The co-Executors serving at any time after my death may name one or more replacements to serve in the event that none of the three named individuals is willing or able to serve at any time.

The term "my executors" as used in this Will shall include any duly acting personal representative or representatives of my estate. No individual acting as such need post a bond.

I hereby give my Executors, full power and authority at any time or times to sell, lease, mortgage, pledge, exchange or otherwise dispose of the property, whether real or personal comprising my estate, upon such terms as my Executor shall deem best, to continue any business enterprises, to purchase assets from my estate, to continue in force and pay insurance premiums on any insurance policy, including life insurance, owned by my estate, and for any of the foregoing purposes to make, execute and deliver any and all deeds, contracts, mortgages, bills of sale or other instruments necessary or desirable therefore. In addition, I give my Executors full power to invest and reinvest the estate funds and assets in any kind of property, real, personal or mixed, and every kind of investment, specifically including, but not by way of limitation, corporate obligations of every kind and stocks, preferred or common, and interests in investments trusts and share in investment companies, and any common trust fund administered by any corporate executor hereunder, which men of prudent discretion and intelligence acquire of their own account.

VI

Except as otherwise provided in this Will or in the Trust referred to in Article III hereof, I have intentionally omitted to provide for my heirs. I have intentionally omitted to provide for my former wife, DEBORAH JEAN ROWE JACKSON.

VII

If at the time of my death I own or have an interest in property located outside of the State of California requiring ancillary administration, I appoint my domiciliary Executors as ancillary Executors for such property. I give to said domiciliary Executors the following additional powers, rights and privileges to be exercised in their sole and absolute discretion with reference to such property: to cause such ancillary administration to be commenced, carried on and completed; to determine what assets, if any, are to be sold by the ancillary Executors; to pay directly or to advance funds from the California estate to the ancillary Executors for the payment of all claims, taxes, costs and administration expenses, including compensation of the ancillary Executors and attorneys' fees incurred by reason of the ownership of such property and by such ancillary administration; and upon completion of such ancillary administration, I authorize and direct the ancillary Executors to distribute, transfer and deliver the residue of such property to the domiciliary Executors herein, to be distributed by them under the terms of this Will, it being my intention that my entire estate shall be administered as a unit and that my domiciliary Executors shall supervise and control, so far as permissible by local law, any ancillary administration proceedings deemed necessary in the settlement of my estate.

VIII

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.

I subscribe my name to this Will this 7 day of July, 2002
Signed 'Michael Joseph Jackson'

On the date written below, MICHAEL JOSEPH JACKSON, declared to us, the undersigned, that the foregoing instrument consisting of five (5) pages, including the page singed by us as witnesses, was his Will and requested us to act as witnesses to it. He thereupon signed this Will in our presence, all of us being present at the same time. We now, at his request, in his presence and in the presence of each other, subscribe our names as witnesses.

Each of us is now more than eighteen (18) years of age and a competent witness and resides at the address set forth after his name.

Each of us is acquainted with MICHAEL JOSEPH JACKSON. At this time, he is over the age of eighteen (18) years and, to the best of our knowledge, he is of sound mind and is not acting under duress, menace, fraud, misrepresentation or undue influence.

We declare under penalty of purgery that the foregoing is true and correct.

Executed on July 7th, 2002 at 5:00 p.m., Los Angeles

FOX NEWS

[Bailey]

ANTHONY McCARTNEY, AP Entertainment Write

LOS ANGELES (AP) — Michael Jackson's father is seeking an allowance from his son's estate to help cover expenses that exceed $15,000 a month, according to court documents filed Friday. The request seeking an unspecified amount for Joe Jackson was filed by lawyer Brian Oxman, who said there was no apparent reason for the administrators of the estate to not seek an allowance for the Jackson family patriarch.

Michael Jackson's 2002 will, however, omitted any mention of his father. The two had an often-strained relationship, and Michael Jackson said at one point that he would get physically sick — as a child and as an adult — at the sight of his father.

The singer's private trust calls for money to be paid to his mother, Katherine, his three young children, and various charities.

A judge has approved more than $26,000 in payments to Katherine Jackson each month, and a $60,000 monthly payment for the care of the children.

The latest court documents said Joe Jackson receives a $1,700 monthly Social Security payment and had relied on his son for support for many years.

"He does not have a regular or steady source of income, and he was dependent upon the money provided by his son, Michael Jackson, through his wife, Katherine Jackson, for his support," the filing stated.

"It was quite surprising to learn of the request," Howard Weitzman, an attorney for the administrators of Jackson's estate, said in a statement. "Mr. Jackson's petition will be considered as are all requests for money from Michael's estate."

Joe Jackson suffers from diabetes and had a stroke in 1998, the filing stated.

A former steelworker, he managed and trained his children and organized the Jackson 5. He has been married to Katherine Jackson for 50 years, but he lists his home in Las Vegas. She lives at a family home in the San Fernando Valley north of Los Angeles.

The filings are inconsistent in several places, listing Joe Jackson's age as 80 in one place and 81 in another. A declaration states his monthly expenses exceed $20,000 a month, but an itemized list only includes slightly more than $15,000.

That list includes $1,200 a month on rent for his Las Vegas home; $2,500 to eat out; $1,000 on entertainment, gifts and vacations; $2,000 on air travel and $3,000 on hotels.

A phone message left for Oxman was not immediately returned.

A judge on Friday denied Joe Jackson's petition for an expedited hearing on the matter.

A hearing is scheduled for early 2010 at which time the payments to Katherine Jackson may be re-evaluated.

http://hosted2.ap.org/CBImages/?media=photo&contentId=9a8d9eeafb274d18a3458eda64d e629e&fmt=jpg&Role=Preview&reldt=2009-11-06T21:34:47GMT&authToken=eNoFwjEOwCAIAMAXYUAQYfAxt NDErWMHH9%2fcnfqWMjvTMCJGRJaJ597Lw9KrAp6rT5Akg2AZY JWhkqXd6%2bx3WSNrLo1IfyneFI8%3d

[crimeshot1]

Michael Jackson's father loses estate court claim

Joe Jackson was after a monthly allowance

• November 11, 2009 |

Michael Jackson's father Joe Jackson has lost his claim for a monthly allowance from the late singer's estate.

Superior Court Judge Mitchell Beckloff refused the claim for a $15,000 (£9,000) per month allowance and dismissed his challenge of the appointment of lawyer John Branca and music executive John McClain as executors in a Los Angeles court, reports BBC News.

The judge said that the ruling was based on Michael Jackson's decision not to give his father any of his assets. "Joe Jackson takes none of this estate," he said. "This is a decision his son made."

Michael Jackson left his assets to his children, his mother Katherine Jackson and charities.

http://www.nme.com/news/michael-jackson/48317

[RustyL]

The latest court documents said Joe Jackson receives a $1,700 monthly Social Security payment

I know a few people that THIS sum would seem like a King's ransom. They wouldn't need anyone to support THEM if they got this much.