On Monday morning, Prince’s family arrived at a probate hearing to determine what happens to everything that the music icon left behind.
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The news came after the late singer’s sister Tyka Nelson claimed in court documents that Prince had no known will or trust at the time of his death.
Both the federal government and Minnesota’s state government will assess so-called “death taxes” or estate taxes on Prince’s assets, taking away more than half his estate.
The source said that George had money wired with the intention of helping with travel arrangements and hotels as the siblings convene to assess the fate of Prince’s estate.
The musician was found dead on April 21 at Paisley Park, his famous home and recording studio in suburban Minneapolis.
Eide last week ordered that Bremer Trust, National Association be appointed as special administrator for the estate for up to six months, or until another can be chosen.
It might seem odd that Jackson hasn’t discussed the idea with his other half siblings, who will all have a say in how to preserve Prince’s legacy.
The exact value of Prince’s estate has not yet been disclosed but his music catalog alone has been estimated at more than US$500 million.
“We have received hundreds of calls, emails and letters from people claiming to be either a child of Prince’s or offspring of Prince’s father”, stated Heirs Hunters International, a company that investigates potential heirs to estates. “I don’t know if I’ll get to release them”.
Prince’s siblings have agreed to “openly communicate” with each other.
“One day, someone will release them”.
There was a private memorial service April 23 at Paisley Park (the famed compound where Prince lived and worked) for his family and close friends.
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Tyka Nelson, Prince’s sole full sister, left the courthouse but said nothing to reporters. The administrator is charged with locating and protecting the assets and notifying any heirs in line for a share of the estate.
