Death of Michael Jackson Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ===Estate=== {{Further|Estate of Michael Jackson|Sony Music Publishing#Valuation}} Jackson's last will was filed by attorney [[John Branca]] at the [[Los Angeles County]] courthouse on July 1, 2009. Signed July 7, 2002, it names Branca and accountant John McClain as executors; they were confirmed as such by a Los Angeles judge on July 6, 2009.<ref>Bone, James. [http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/music/article6652155.ece Jackson's mother removed as administrator of his estate] {{Webarchive|url=https://web.archive.org/web/20221018215910/https://www.the-tls.co.uk/ |date=October 18, 2022 }}, ''The Times'', July 6, 2009.</ref> All assets are given to the (pre-existing) Michael Jackson Family Trust (amended March 22, 2002),<ref name="JGwill">Garber, Julie. [http://wills.about.com/b/2009/07/06/musings-about-michael-jacksons-estate-plan.htm "Michael Jackson's Will vs. the Michael Jackson Family Trust"] {{Webarchive|url=https://web.archive.org/web/20140412063742/http://wills.about.com/b/2009/07/06/musings-about-michael-jacksons-estate-plan.htm |date=April 12, 2014 }}, ''about.com'', July 6, 2009.</ref> the details of which have not been made public. The [[Associated Press]] reports that, in 2007, Jackson had a net worth of $236.6 million: $567.6 million in assets, which included [[Neverland Ranch]] and his 50% share of [[Sony Music Publishing|Sony/ATV Music Publishing]]' catalog, and debts of $331 million.<ref name=MacAskillJuly1>MacAskill, Ewen. [https://www.theguardian.com/music/2009/jul/01/michael-jackson-public-displayed-nerverland Jackson's body to be put on public display at Neverland] {{Webarchive|url=https://web.archive.org/web/20220407202637/https://www.theguardian.com/music/2009/jul/01/michael-jackson-public-displayed-nerverland |date=April 7, 2022 }}, ''The Guardian'', July 1, 2009.</ref> The guardianship of his three children is given to his mother, Katherine, or if she is unable or unwilling, to singer [[Diana Ross]].<ref>"Michael Jackson's Will Cuts Out Ex-Wife Deborah Rowe", Associated Press, July 1, 2009; Nasaw, Daniel. [https://www.theguardian.com/music/2009/jul/01/michael-jackson-will-debbie-row "Jackson's ex-wife cut out of will"] {{Webarchive|url=https://web.archive.org/web/20220407202339/https://www.theguardian.com/music/2009/jul/01/michael-jackson-will-debbie-row |date=April 7, 2022 }}, ''The Guardian'', July 1, 2009.</ref> Jackson's will allocates 20% of his fortune as well as 20% of money made after death to unspecified charities.<ref>{{cite web| url=http://www.cbc.ca/news/world/story/2012/08/22/michael-jackson-custody-appointment.html| title=Michael Jackson's nephew to share custody of kids| work=CBC News World| date=August 22, 2012| access-date=May 6, 2013| archive-date=October 19, 2022| archive-url=https://web.archive.org/web/20221019221536/https://www.cbc.ca/news/world/michael-jackson-s-nephew-to-share-custody-of-kids-1.1136974| url-status=live}}</ref> Media reports suggested that the settlement of Jackson's [[Estate (law)|estate]] could last many years.<ref name=BrownLewis>Brown, David and Lewis, Leo. [https://web.archive.org/web/20201201083627/https://www.thetimes.co.uk/article/michael-jackson-finances-will-take-years-to-unwind-wz7bfbxm659 Michael Jackson: finances will take years to unwind], ''The Times'', June 27, 2009.</ref> The value of Sony/ATV Music Publishing is estimated by Ryan Schinman, chief of Platinum Rye, to be US$1.5 billion. Shinman's estimate makes Jackson's share of Sony/ATV worth $750 million, from which Jackson would have had an annual income of $80 million. In September 2016, a deal was finalized for Sony's acquisition of Jackson's share of Sony/ATV from the Jackson estate for $750 million.<ref name="Sony Finalizes Acquisition of Michael Jackson Estate's Stake in Sony/ATV Publishing">Ed Christman. [https://www.billboard.com/articles/business/7526542/sony-atv-michael-jackson-publishing-acquisition-completed] {{Webarchive|url=https://web.archive.org/web/20201112021346/https://www.billboard.com/articles/business/7526542/sony-atv-michael-jackson-publishing-acquisition-completed|date=November 12, 2020}}, ''Billboard'', September 30, 2016.</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page