R.B
JF-Expert Member
- May 10, 2012
- 6,296
- 2,575
PRINCE tragically died last week, and has left a $300 million fortune without a will. The star’s has two ex-wives, no children and a string of half-siblings, so who’s going to get his $300 million fortune?
Last Thursday Prince was found dead in an elevator aged just 57, and left a vast estate behind with no clear heirs and no will.
The main source of Prince’s fortune came from his music, which has recently seen a boost thanks to the 2.3 million songs bought by his fans in the first three days after his death.
Apart from the futuristic $10 million Paisley Park estate where he died last Thursday, Prince owned a dozen other properties in Minnesota.
With most of them are on undeveloped land and a few given to his family, their total worth comes to $27 million (£18.5 million)
His most prized possessions, like his purple car and Purple Rain motorcycle, are also up for grabs - not to mention a rumoured vault with secret unreleased music material.
His sister Tyka, filed legal documents to prove that her brother left no will
Confusion has been rife as to who exactly will be inheriting his amazing wealth of $300 million (£205 million).
The musician was divorced from two ex-wives and had no living children. A son, Boy Gregory, died just a week after his birth in 1996.
Tyra Nelson, his eldest sister filed legal documents in Minnesota’s Carver County stating that her late brother did not have a will, but Prince also had five further half-siblings with a potential claim to his fortune.
After a week of confusion and disputes, US Judge Kevin Eide has made an official ruling regarding the money.
Prince tragically died last week and left a $300 million fortune
The judge ruled that that Prince did in fact not have a will and that his estate would be passed on to his legally-recognised next of kin.
This means that the fortune will be divided up equally among all his siblings, including his five half-siblings.
The judge also declared that Bremer Trust would be the administrator of Prince’s full estate.
"An emergency exists to the extent that the appointment should be made without notice because immediate action and decisions need to be made to continue the ongoing management and supervision of decedent's business interests," wrote Judge Kevin Eide.
Despite the ruling, it is still a possibility that a will could turn up concerning Prince’s estate.
If this is the case, the Jehovah’s Witnesses may still be in with a chance of some of the money, seeing as Prince was a committed member of one of their churches for 15 years.
Prince's fotune will be divided equally amongst his siblings and half-sibling
The star left no will, despite his vast estate
Police confirmed today that Prince’s body was found with prescription painkillers nearby and all around the star’s home.
He reportedly overdosed on Percocet, a strong painkiller, just five days before he died.
Rumours immediately surfaced that the singer had overdoesd on the notorious medication.
It is still unknown as to whether or not these drugs had a part, if any, in the singer's untimely death.
Last Thursday Prince was found dead in an elevator aged just 57, and left a vast estate behind with no clear heirs and no will.
The main source of Prince’s fortune came from his music, which has recently seen a boost thanks to the 2.3 million songs bought by his fans in the first three days after his death.
Apart from the futuristic $10 million Paisley Park estate where he died last Thursday, Prince owned a dozen other properties in Minnesota.
With most of them are on undeveloped land and a few given to his family, their total worth comes to $27 million (£18.5 million)
His most prized possessions, like his purple car and Purple Rain motorcycle, are also up for grabs - not to mention a rumoured vault with secret unreleased music material.
-
- 'He wasn't drugged up' Prince's lawyer denies 'overdose' reports
- Prince 'diagnosed with AIDS weeks before death' shock US report claims
His sister Tyka, filed legal documents to prove that her brother left no will
Confusion has been rife as to who exactly will be inheriting his amazing wealth of $300 million (£205 million).
The musician was divorced from two ex-wives and had no living children. A son, Boy Gregory, died just a week after his birth in 1996.
Tyra Nelson, his eldest sister filed legal documents in Minnesota’s Carver County stating that her late brother did not have a will, but Prince also had five further half-siblings with a potential claim to his fortune.
After a week of confusion and disputes, US Judge Kevin Eide has made an official ruling regarding the money.
Prince tragically died last week and left a $300 million fortune
The judge ruled that that Prince did in fact not have a will and that his estate would be passed on to his legally-recognised next of kin.
This means that the fortune will be divided up equally among all his siblings, including his five half-siblings.
The judge also declared that Bremer Trust would be the administrator of Prince’s full estate.
"An emergency exists to the extent that the appointment should be made without notice because immediate action and decisions need to be made to continue the ongoing management and supervision of decedent's business interests," wrote Judge Kevin Eide.
Despite the ruling, it is still a possibility that a will could turn up concerning Prince’s estate.
If this is the case, the Jehovah’s Witnesses may still be in with a chance of some of the money, seeing as Prince was a committed member of one of their churches for 15 years.
Prince's fotune will be divided equally amongst his siblings and half-sibling
The star left no will, despite his vast estate
Police confirmed today that Prince’s body was found with prescription painkillers nearby and all around the star’s home.
He reportedly overdosed on Percocet, a strong painkiller, just five days before he died.
Rumours immediately surfaced that the singer had overdoesd on the notorious medication.
It is still unknown as to whether or not these drugs had a part, if any, in the singer's untimely death.
