Ailing Cher Cuts Kids Out Of $300 Million Will!

An enraged  and ailing Cher has disowned her children — vowing to cut them out of her $300 million will as she prepares for her passing.

“Cher wants to be No. 1 in her children’s lives and she knows she is not,” says a source close to the ailing diva. 

Now an unending series of clashes with rocker son Elijah Blue Allman and sex-swapping Chaz Bono has led her to turn her back on both kids, pals say!    

Get the full scoop only in this week’s GLOBE — on newsstands now for a limited time!