Michael Jackson's will names mother Katherine Jackson as sole beneficiary

July 1, 4:24 PMNew Orleans Conservative ExaminerClifford Bryan

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Katherine Jackson beneficiary

Michael Joseph Jackson's last will was filed today in California court

by the executors of the will.Ex wife Debbie Rowe is specifically excluded

from the will as well as the children.The entire estate valued at over $500 million

and counting is to be placed in the Michael Jackson Family Trust whose

beneficiary is none other then the singer's mother Katherine Jackson ,the

singers mother is also named as guardian of the children.So what does this

all boil down to.The lawyers will handle the day to day activity and administration

of the trust which is a pretty nice gig and when its time to send checks out to

beneficiaries Katherine Jackson will be waiting.The will is very basic and there probably

will be legal disputes over exactly how much control the executors have.They were given very broad powers

but if they are later found  administering the trust ineffectively they can be legally removed by the family.