Who’s going to control Prince’s massive estate and music empire? That’s the question a lot of people are asking now that it’s been revealed that the singer might not have left a will.
His sister, Tyka Nelson, today filed paperwork asking a Minneapolis court to appoint a special administrator to oversee his estate. It’s estimated to be worth as much as $300 million, according to the Los Angeles Times, including about $27 million in property and much more in royalties from more than 30 albums.
But there’s a chance that a will could still turn up. Under Minnesota law, a person can file a will with probate court in secret. If Prince did so, the fact one exists would become public once a death certificate is filed, but the medical examiner has not yet issued one for Prince. An autopsy was conducted Friday and his remains were cremated Saturday.
With AP files
Guest:
Jeffrey P. Scott, partner at St. Paul, Minnesota, law firm Jeffrey P. Scott & Associates, which specializes in estate planning