It has been revealed that the late king of pop Michael Jackson's will states that his children will receive more than $33 million each.

As stated in Jackson's will, 13-year-old Prince, 12-year-old Paris, and 8-year-old Blanket will receive the money from their trust funds when they turn 30.

The trust funds are also thought to increase in value when it comes to interest, commercial ventures and an increase in money when Jackson's mother, Katherine, dies. By the time they reach 30, Prince, Paris and Blanket are worth $300million.

Apparently, Jackson did not leave anything for his brothers, sisters and father before he passed away.

"Michael had fallings out with his father and brothers but, being the generous soul he was, it's almost unbelievable he left them with nothing," a source said.

His ex-wives Debbie Rowe and Lisa Marie Presley were also not included in the settlement.

Jackson's 23-page will stated that the singer left 40 per cent of his $300 million estate to his children, 40 per cent to his mother Katherine, and 20 per cent to charity.

The children will only be granted access to the fund trustees for cash when they reach 21 years old and once they turn 40, they will be entitled to free reign of their share.

"Michael's mother and his children were the dearest thing to him in his life, so he made sure that they would benefit when he died," a source told the News of the World.

"In truth, those children will never have to want for anything - and that's what Michael wished for."

Even though the documents have secured the future of Jackson's children, it caused a stir in his family because his siblings expected that they'll be receiving something from Jackson.

The family is also concerned that Katherine, legal guardian of Jackson's children, has not yet rceived her $99 million share.

She currently has $81,000 a month which she spends for the children's food, school fees, clothes and other expenses, but according to sources, money has been tightg in the household since Jackson's death.

Los Angeles lawyers John McClain and John Branca run Jackson's estate.