Michael Jackson's recently unearthed will is filed today in Los Angeles with some dramatic revelations.
The Daily News reports: "The will says Jackson left his entire estate—estimated at more than $500 million—to the Michael Jackson Family Trust, leaving nothing for ex-wife Debbie Rowe."I have intentionally omitted to provide for my former wife, Deborah Jean Rowe Jackson," the will, drafted in July 2002, states. Jackson named his mother, Katherine Jackson, beneficiary of the trust and guardian of his three children in the 5-page document. In a stunning revelation, singer Diana Ross is named to succeed Jacko's mother as guardian, if necessary."
Jackson's net worth at the time the will was executed in 2002 was more than $500 million. Jackson had a net worth of "more than $236 million as of March 2007" according to documents obtained by the AP..
In related news: A hearing is scheduled for Monday in Los Angeles Superior Court on guardianship for the children and Katherine' Jackson's petition to administer the estate. Katherine was awarded temporary guardianship of the three children on Monday. At this time a public memorial has not been announced.BreakingNews: "Los Angeles Superior Court spokeswoman tells BNO News that an emergency hearing on Michael Jackson's case has begun.The reason for the emergency hearing on Michael Jackson's case was not immediately known."