E! News reports that Prince did not have a will and has an estimate of $300 million in fortune.

According to reports, Prince owned all of his recording and publishing copyrights along with his assets such as, his Paisley Park estate in Minnesota, guitars and memorabilia.

Under state law, if the decedent doesn’t leave a will, their assets are distributed to any remaining relatives,” reports E!. Prince’s younger sister,¬†Tyka Nelson is taking measures on this case. It has not been confirmed that Prince did not leave a will, but none has been found to date.

Reports are comparing Prince’s financial worth¬†Michael Jackson’s estate and just like Michael, the worth is expected to increase in value now that he’s passed away.

E! also reported a high chance of discovering unheard files and music from Prince from over the years.