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Michael Jackson's will surfaces

As a massive memorial is discussed, work begins on the star's complicated estate.

July 01, 2009|Harriet Ryan

The 2002 will named Jackson's 79-year-old mother as guardian of his three children and ordered that all his assets be moved into an entity known as the Michael Jackson Family Trust, a source with knowledge of the will said. It appointed as executors Branca and John McClain, a founder of Interscope Records and an associate of Jackson since his youth, the source said.


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McMillan declined to comment on a Wall Street Journal report that the will splits Jackson's assets among his mother, children and one or more charities. The lawyer said it was "a good thing" and "part of the process" for those who had worked with the performer to produce documents related to his estate.

"Mr. Jackson had a series of lawyers over time, and part of our challenge is to make contact with each and every one of those advisors to review their files," he said.

In an appearance on "Larry King Live," a probate attorney said Branca "may not have the full picture" of Jackson's estate planning.

"Things were in transition often in Michael's life," said lawyer Burt Levitch.

Katherine Jackson has temporary custody of Michael Jackson's two sons and his daughter and temporary control of his estate with limited powers, including the right to secure his tangible assets. In court filings requesting those powers Monday, her lawyers checked a box indicating that the singer died without a will, but they acknowledged elsewhere in the documents that they had heard of a will but not seen it.

"It was important for Mrs. Jackson to proactively take legal action and protect the well-being of the children and the personal property and belongings" of her son, McMillan said.

He said he represented Jackson in the 3 1/2 years leading up to his death. McMillan said the entertainer never told him that he had rehired Branca but, he said, "It's possible."

A statement issued Tuesday on behalf of Branca and Joel Katz, an Atlanta attorney who had been helping Jackson negotiate new record deals, said they "are now carrying out his wishes and desires as expressed in the last will and testament. It is their sincere desire that Michael's affairs be handled with dignity and respect."

Branca, whose clients include Santana and Aerosmith, advised Jackson on what is acknowledged as Jackson's smartest business decision: Buying half of the Beatles' catalog in 1985 for $47.5 million. The catalog, supplemented over the years by the work of many other artists, is estimated to be worth at least $1 billion.

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