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Michael Jackson Last Will and Testament

Michael Jackson Last Will and Testament

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(5)
|Views: 61,050 |Likes:
Published by frajam79
Michael Jackson's will
Michael Jackson's will

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Published by: frajam79 on Jul 01, 2009
Copyright:Attribution Non-commercial

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04/02/2014

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..-.---~.
LASTWILLOFMICHAELJOSEPHJACKSON
I,MICHAELJOSEPHJACKSON,aresidentoftheStateofCalifornia,declarethistobemylastWill,anddoherebyrevokeallformerwillsandcodicilsmadebyme.
IIdeclarethatIamnotmarried.MymarriagetoDEBORAHmANROWEJACKSONhasbeendissolved.Ihavethreechildrennowliving,PRINCEMICHAELJACKSON,JR.,PARISMICHAELKATHERINEJACKSONandPRINCEMICHAELJOSEPHJACKSON,IT.Ihavenootherchildren,livingordeceased.ITItismyintentionbythisWilltodisposeofallpropertywhichIamentitledtodispose-ofbywiil.IspecificallyrefrainfromexercisingaU150wersofappointmentthatImaypossessatthetimeof~ydeath.illIgivemyentireestatetotheTrusteeorTrusteesthenactingunderthatcertainAmendedandRestatedDeclarationofTrustexecutedonMarch22,2002bymeasTrusteeandTrustorwhichiscalledtheMICHAELJACKSONFAMILYTRUST,givingeffecttoanyamendmentstheretomadepriortomydeath.Allsuchassetsshallbeheld,managedand,.distributedasapartofsaidTrustaccordingtoitstermsandnotasaseparatetestamentarytrust.
..
Ifforanyreasonthisgiftisnotoperativeorisinvalid,oriftheaforesaidTrustfailsorhasbeenrevoked,Igivemyresiduaryestatd'totheTrusteeorTrusteesnamedtoactintheMICHAELJACKSONFAMILYTRUST,asAmendedandRestatedonMarch22,2002,andIdirectsaidTrusteeorTrusteestodivide,administer,holdanddistributethetrustestatepursuanttotheprovisio~sofsaidTrust,ashereinabovereferredtoassuchprovisionsnow
 
.'
existtothesameextentandinthesamemannerasthoughthatcertainAmendedandRestatedDeclarationofTrust,werehereinsetforthinfull,butwithoutgivingeffecttoanysubsequentamendmentsafterthedateofthisWill.TheTrustee,Trustees,oranysuccessorTrusteenamedinsuchTrustAgreementshallservewithoutbond.IVIdirectthatallfederalestatetaxesandstateinheritanceorsuccessiontaxespayable
A
uponorresultingftomorbyreasonofmydeath(herein"DeathTaxes")attributabletoIl/propertywhichispartofthetrustestateoftheMICHAELJACKSONFAMILYTRUST,includingpropertywhichpassestosaidtrustfrommyprobateestateshallbepaidbytheTrusteeofsaidtrustinaccordancewithitsterms.DeathTaxesattributabletopropertypassingoutsidethisWill,otherthanpropertyconstitutingthetrustestateofthetrustinentionedintheprecedingsentence,shallbechargedagainstthetakerofsaidproperty.VIappointJOHNBRANCA,JOHNMcCLAINandBARRYSlliGELasco-Executors
Y
.
ofthisWill.Intheeventofanyoftheirdeaths,resignations,nability,failureorrefusaltM
"
serveorcontinuetoserveasaco-Executor,theothershallS'erveandnoreplacementneedbenamed.Theco-Executorsservingat"anytimeaftermydeathmaynameoneormorereplacementstoserveintheeventthatnoneofthethreenamedindividualsiswillingorabletoserveatanytime.Theterm"myexecutors"asusedinthisWillshallincludeanydulyactingperson~
A
11
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representativeorrepresentativesofmyestate.Noindividualactingassuchneedposta
vv{f-'
bond.IherebygivetomyExecutors,fullpowerandauthorityatanytimeortimestosell,lease,mortgage,pledge,exchangeorotherwisedisposeoftheproperty,whetherrealor,personalcomprisingmyestate,uponsuchtermsasmyExecutorsshalldeembest,tocontinueanybusinessenterprises,topurchaseassetsftommyestate,tocontinueinforceandPage2
 
payinsurancepremiumsonanyinsurancepolicy,includinglifeinsurance,ownedbymyestate,andforanyoftheforegoingpurposestomake,executeanddeliveranyandalldeeds,contracts,mortgages,billsofsaleorotherinstrumentsnecessaryordesirabletherefor.Inaddition,IgivetomyExecutorsfullpowertoinvestandreinvesttheestatefundsandassetsinanykindofproperty,real,personalormixed,andeverykindofinvestment,specificallyincluding,butnotbywayoflimitation,corporateobligationsofeverykindandstocks,preferredorcommon,andinterestsininvestmenttrustsandsharesininvestmentcompanies,andanycommontrustfundadministeredbyanycorporateexecutorhereunder,whichmenofprudentdiscretionandintelligenceacquirefortheirownaccount.VIExceptasotherwiseprovidedinthisWillorintheTrustrefeITedtoinArticlemA
11
hereof,Ihaveintentionallyomittedtoprovideformyheirs.Ihaveintentionallyomitted
to(V\;1
provideformyfonnerwife,DEBORAHJEANROWEJACKSON.
vn
IfatthetimeofmydeathIownorhaveaninterestinpropertylocatedoutsideoftheStateofCaliforniarequiringancillaryadministration,IappointmydomiciliaryExecutorsasancillaryExecutorsforsuchproperty.IgivetosaiddomiciliaryExecutorsthefollowingadditionalpowers,rightsandprivilegestobeexercisedintheirsoleandabsolutediscretion,withreferencetosuchproperty:tocausesuchancillaryadministrationtobecommenced,caITiedonandcompleted;todetenninewhatassets,ifany,aretobesoldbytheancillaryExecutors;topaydirectlyortoadvancefundsfromtheCaliforniaestatetotheancillaryExecutorsforthepaymentofallclaims,taxes,costsandadministrationexpenses,includingcompensationoftheancillaryExecutorsandattorneys'feesincUITedbyreasonoftheownershipofsuchpropertyandbysuchancillaryadministration;anduponcompletionofsuchancillaryadministration,IauthorizeanddirecttheancillaryExecutorstodistribute,transferanddelivertheresidueofsuchpropertytothedomiciliaryExecutorsherein,tobedistributedbythemunderthetennsofthisWill,itbeingmyintentionthatmyentireestatePage3--

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David Barzaga. added this note
A great musician. RIP Michael Jackson.

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