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emfizz.com June 28, 2017


Judge declares Prince's 6 siblings the heirs to his estate

19 May 2017, 11:19 | Anna Nguyen

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A Minnesota judge has ruled that Prince's six siblings are the heirs to his estate.

In practical terms, the ruling will not immediately hand over Prince's fortune - which is estimated to be worth up to $300 million - to his siblings.

Appeals from others claiming heirship were rejected and they have since filed appeals.

Eide previously signalled that the six siblings would likely be named Prince's heirs, but he also had said he wouldn't make the declaration until appeals had been decided.

Since then, the estate has been tied up in probate court as dozens of would-be heirs (and their lawyers) sought to get a piece of the estate by claiming to be Prince's secret wife, secret child, secret sibling or some other more distant relation.

The judge separately scheduled a hearing for May 31 to hear a proposal to rescind a contract between Prince's estate and Universal, the world's largest music label conglomerate.

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But Comerica Bank and Trust, which had been assigned to handle the estate's interests, has requested that the $30 million contract be reviewed after objections from both sides.

The filing also affirms that former estate special advisor L. Londell McMillan will serve as the business advisor to three of the heirs: John R. Nelson, Sharon Nelson and Norrine Nelson.

Singer Prince died after a drug overdose in April past year.

Prince died April 21, 2016, of an accidental drug overdose.

Prince, born Prince Rogers Nelson, died without leaving a will - or at least, none that's so far been found. Andrew Stoltmann, a lawyer for the woman and girl who say they are Prince's niece and grand-niece, said Friday that he hadn't seen the new ruling but would examine it and determine whether to appeal it.



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