The trustees of the Michael Jackson estate have signed a deal with executives at Sony. Multi-million dollar deal will make the Jackson estate an estimated $250 million dollars over the course of the next seven years.

According to California estate planners and others on the inside track, the sources who leaked the details of the deal must remain anonymous, but here are the highlights:

Those in charge of the Jackson estate and the officers with whom they made the deal at Sony will be able to jointly decide when and how the King of Pop’s recordings will be used, including movies, television shows, and other entertainment purposes.

Michael’s 2009 hit song “This is It” is among the recordings that are part of the deal.

Both Sony, the trustees of the Jackson estate, and members of the Jackson family feel strongly that the appeal will not soon fade — Michael’s music airtime was off the charts when he passed away, and sales of decades-old albums spiked like never before.

Both Sony and Jackson estate officials feel that this deal could make Michael’s catalog of songs at least as successful as the Beatles and Elvis Presley. If the California estate planning experts representing the assets of the Jackson estate play their cards right, Michael’s three children will surely never want for a thing.

Estate planning attorneys all over California and the US will be interested to see how the contract between the Jackson estate and Sony plays out over the next several years. Anything less than highly lucrative will be quite a surprise!