In what is probably the most shocking story of the summer continues as Michael Jackson’s memorial service will take place Tuesday morning in the Staples Center. The 20,000-seat stadium in Los Angeles is, ironically, where Jackson rehearsed his show the night before he died.
Also in the Jackson news, Katherine Jackson holds 40% of the Michael Jackson trust which is comprised of his assets. His children — ages 7, 11 and 12 — will also share 40 percent of the estate’s assets and the remaining 20 percent will benefits charities designated by the executors of the will. Jackson’s will was written in 2002 andshowed that the singer estimated his estate to be worth at least $500 million. Also in the will, Katherine Jackson was named the guardian of the three children. If his 79-year-old mother is not living, 65 year old Diana Ross will serve as guardian. The will said Jackson “intentionally omitted” his former wife and the mother of his two oldest children, Debbie Rowe.