Without a will, what’s going to happen to Prince’s multimillion dollar estate
Who’s going to control Prince’s massive estate and music empire?
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
Jeffrey P. Scott, partner at St. Paul, Minnesota, law firm Jeffrey P. Scott & Associates, which specializes in estate planning