Los Angeles, Calif.-The assets left by Michael Jackson due to his untimely death will be split into equal parts, recipients being: his mother, Katherine Jackson, his three children, and charity organizations.

Since the late icon’s will didn’t include details on how his assets were to be divided, they will be turned to the Michael Jackson Family Trust, a special document that has not yet been released to the public. A source however reveals that his fortunes are to be divided by three, with his mom receiving 40 percent, his children, who collectively receive 40 percent, and the remaining percentage going to charities for children.

The King of Pop however is believed to be in debt for almost half a billion dollars. This financial state can be outweighed though, through the Sony/ATV publishing catalog, in which he has rights to the songs of the Beatles, as well as other acts.

Upon purchasing the catalog for $47.5 million back in 1987, Jackson is believed to have $1 billion in shares for his rights alone.