The will of Michael Jackson was filed in Los Angeles today and TMZ got a hold of it. As expected, MJ named his mother Katherine as legal guardian of Prince Michael, Blanket and Paris. If Katherine wasn’t able to care for the kids for any reason, he wanted Miss Diana Ross to be their guardian.

Yeah, I didn’t see that one coming. Joe Jackson is totally rubbing his palms together, because his dream of The Jackson 3 is getting closer… You know Joe Jackson is pissed. He’ll probably hold another press conference claiming the will is fake, but not before telling everyone about his record label again. Then he’ll claim his son lip-synced every song and go on to punch a baby in the face to complete the trifecta of douchiness.

The will also states Michael’s estate is worth $500 million. Everything has been left to the Michael Jackson Family Trust. The co-executors of the trust are John Branca (his lawyer), John McCain (his music executive) and Barry Siegel (his accountant)

The details of the trust are not public, but apparently the money goes to Katherine, his kids and various charities.

And in more Michael news, KTLA says that he will not be buried at Neverland. There’s currently a law that forbids burials on private property. Gov. Schwarzenegger is trying to help the family get around the law, but so far no dice. Also, the planned public viewing at Neverland on Friday or Saturday might not happen after all. Santa Barbara County officials have yet to confirm that it’s happening.