July
1
Michael Jackson's Will
The LATimes has posted a PDF of Michael Joseph Jackson's last will which is copied here:
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 DEBORAH mAN ROWE
JACKSON has been dissolved. I have three children now living, PRINCE MICHAEL
JACKSON, JR., PARIS MICHAEL KATHERINEJACKSON and PRINCE MICHAEL
JOSEPHJACKSON,IT. I have no other children,living or deceased.
IT
It is my intention by this Will to dispose of all property which I am entitled to
dispose-of by wiil. I specificallyrefrain from exercising aU150wersof appointment that I
maypossess at the time of ~y death.
ill
I give my entire estate to the Trustee or Trustees then acting under that certain
Amendedand Restated Declarationof Trust executed on March 22, 2002 by me as Trustee
and Trustor which is called the MICHAELJACKSONFAMILYTRUST, giving effect to
any amendmentsthereto made prior to my death. All such assets shall be held, managedand
,.
distributed as a part of said Trust accordingto its terms and not as a separate testamentary
trust.
..
If for any reason this gift is not operativeor is invalid, or if the aforesaid Trust fails
or has been revoked, I give my residuaryestatd'tothe Trustee or Trustees named to act in the
MICHAELJACKSON 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 provisio~s of said Trust, as hereinabovereferred to as such provisions now
.'
exist to the same extent and in the same manner as though that certain Amended and
Restated Declarationof Trust, were herein set forth in full, but without giving effect to any
subsequentamendmentsafter the date of this Will. The Trustee, Trustees, or any successor
Trusteenamed in such Trust Agreementshall serve withoutbond.
IV
I direct that all federal estate taxes and state inheritanceor successiontaxes payable A
upon or resulting ftom or by reason of my death (herein "Death Taxes") attributable to Il/
property which is part of the trust estate of the MICHAELJACKSONFAMILY TRUST,
including property which passes to said trust from my probate estate shall be paid by the
Trustee of said trust in accordance with its terms. Death Taxes attributable to property
passing outside this Will, other than property constituting the trust estate of the trust
inentionedin the precedingsentence,shall be chargedagainst the taker of said property.
V
I appoint JOHN BRANCA,JOHN McCLAINand BARRYSlliGEL as co-Executors
Y
.
of this Will. In the eventof anyof their deaths,resignations,inability,failureor refusaltM "
serve or continueto serve as a co-Executor,the other shall S'erveand no replacementneed be
named. The co-Executors serving at"any time after my death may name one or more
replacementsto serve in the event that none of the three named individualsis willing or able
to serve at any time.
The term "my executors" as used in this Will shall include any duly acting person~ A 11 fl
representativeor representativesof my estate. No individual acting as such need post a vv {f-'
bond.
I hereby give to my Executors, full power and authorityat 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 Executors shall deem best, to
continueany business enterprises,to purchaseassets ftom my estate, to continuein force and
Page 2
pay insurance premiums on any insurancepolicy, including life insurance, owned by my
estate, and for any of the foregoingpurposesto make, execute and deliver any and all deeds,
contracts, mortgages, bills of sale or other instrumentsnecessary or desirable therefor. In
addition, I give to my Executorsfull 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 interestsin investmenttrusts and shares in investmentcompanies,
and any commontrust fund administeredby any corporateexecutorhereunder,which men of
prudent discretion and intelligenceacquirefor their own account.
VI
Except as otherwise provided in this Will or in the Trust refeITedto in Article m A11
hereof, I have intentionally omitted to provide for my heirs. I have intentionally omitted to(V \;1
provide for my fonner wife, DEBORAH JEAN ROWE JACKSON.
vn
If at the time of my death I own or have an interest in property located outside of the
State of Californiarequiring ancillaryadministration,I appoint my domiciliaryExecutorsas
ancillary Executors for such property. I give to said domiciliaryExecutors the following
additionalpowers, rights and privilegesto be exercisedin their sole and absolutediscretion,
with reference to such property: to cause such ancillary administrationto be commenced,
caITiedon and completed; to detennine 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 administrationexpenses,including
compensation of the ancillary Executors and attorneys' fees incUITedby 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 domiciliaryExecutors herein, to be
distributedby them under the tenns of this Will, it being my intention that my entire estate
Page 3
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shan be administered as a unit and that my domiciliary Executors shall supervise and
control, so far as pennissible by local law, any ancillaryadministrationproceedingsdeemed
necessaryin the settlementof my estate.
vm
If any of my children are minors at the time of my death, I nominate my mother,
KATHERINEJACKSONas guardianof the pers~ns and estates_ofsuch minor children. If
nominate DIANA ROSS as guardian of the pers
I subscribe my name to this Will this
On the date written below, MICHAEL JOSEPH J
undersigned,that the foregoing instrument consistingof five (5) pages, including the page
signed 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 presenceand in the presenceof each other, subscribeour names as
witnesses. ~.-
Each of us is now more than eighteen(18) years of age and a competentwitness and
resides at the address set forth after his name.
Each of us is acquaintedwith MICHAELJOSEPH 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 actingunder duress, menace,fraud, misrepresentationor undue influence.
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