Michael Jackson’s seven year old, five page will was filed this morning at the Los Angeles Superior Court.

In the will, the King of Pop gave custody of his three kids to his mother, Katherine, and his estate and all his assests worth in estimated in 2007 to be $567 million with a net worth of $236.6 million, will be placed in the private Michael Jackson Family Trust.

In the document, Michael claims that he wishes for Diana Ross to be his children’s caretaker if his 80 year old mother felt she could not retain her duties as a proper guardian.

Full View Michael Jackson’s Will

“If any of my children are minors at the time of my death, I nominate my mother, Katherine Jackson as guardian of the persons and estates of such minor children.

“If Katherine Jackson fails to survive me, or is unable or unwilling to act as guardian, I nominate Diana Ross as guardian of the persons and estates of such minor children.”

According to the will, Jackson’s estate “consists of non-cash, non-liquid assets, including primarily an interest in a catalog of music royalty rights which is currently being administered by Sony-ATV, and interests in various entities.”

Despite what’s laid out in the will, during the hearing this morning at the court, a judge ruled that Katherine Jackson will at least temporarily remain as special administrator of her son’s estate.

Paul Hoffman, the attorney representing Branca and McClain, did not like this idea and claimed that Mrs. Jackson was “exceeding her powers” as administrator of the estate as it pertained to “accessing cash.” He felt that she would possibly remove items from the house before the reins were handed over.

A second probate hearing on the matter has been scheduled for Monday, July 6th.