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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.