According to the Associated Press, Michael Jackson, "The King of Pop", did not have a last will and testament. This leads me to believe that he didn't have any type of trust or guardianship planning done either. I find this ridiculous if no Will surfaces.
If you have minor children, you need to name guardians for your children, regardless of the size of the estate.
According to court filings in California, Michal Jackson's parents, Katherine and Joe have petitioned the court to become temporary guardians of his children and executor of his estate.
You can read more of the AP story on Michael Jackson's estate here: Parents file papers to administer Jackson estate.
