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Not So Fast, Greedy Family: Michael Jackson's Biz Buddies Say Take The Kids, Leave The Dough 02.Jul.2009

No wonder Mama took it to the judge so fast. There are sure to be a lot of crazies coming out of the woodwork to claim a piece of Jacko's jackpot, but this is the first seemingly legit challenge to the will that Katherine released.

Another will was filed yesterday by two business associates who worked with Michael for many years. In this will, which was signed later (and presumably would take the place of the one currently under review), Katherine still would get custody of the kids but the assets would go into a trust that would be managed by these two associates, John Branca and John McClain. The two men also filed a motion yesterday seeking to remove her as "special administrator" of the estate.

While Michael may have lived his last days as a broke-ass addict, that was only because he wasn't generating any new income. His assets are estimated to be worth at least $500 million - after his massive debts have been cleared. That doesn't even count all the unreleased songs he's said to have recorded. In other words, they don't need no stinkin' Graceland to make him another Elvis. Expect this one to go on for years in the courts.