Tuesday, April 26, 2016

Prince Died Without a Will, According to Court Documents Filed by His Sister



In probate documents filed with the Carver County District Court in Minnesota, Tyka Nelson, 55, Prince’s sister, said that her brother died without a spouse, children or surviving parents, and that “I do not know of the existence of a will.”
Ms. Nelson’s petition also listed five half-siblings as heirs, and asked the court to appoint a special administrator for the estate “because no personal representative has been appointed in Minnesota or elsewhere.” Minnesota law treats surviving half-siblings the same as full siblings, raising the possibility of a drawn-out family battle.
In the music business, Prince — who died on Thursday at 57 — was known as a mercurial star who cycled through lawyers and representatives frequently, and who often preferred to deal personally with record companies, concert promoters and even digital music services. But that history of self-sufficiency could have severe consequences if Prince did not leave an orderly estate — a strong possibility if no will turns up, several music-industry lawyers and executives said.
“It could be a huge tragedy,” said Howard E. King, a veteran entertainment lawyer in Los Angeles who represented Prince in the past. “You could have a difference in valuation of hundreds of millions of dollars depending on whether the right people get in there to manage the legacy of Prince.”

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