Martes, 14 Agosto, 2018

Prince's six siblings declared official heirs to his still-uncounted estate

Judge declares Prince's 6 siblings the heirs to his estate Prince's six siblings are the heirs to his estate, judge rules
Eleena Tovar | 19 May, 2017, 22:37

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

There still remain some who filed appeals for their rejected claims of heirship, and Judge Eide said that he will consider the appeals if they are sent back to him by the appellate courts.

Eide also said Prince's assets won't be distributed without a formal court order and that nothing will be distributed that might adversely affect the claims of those with pending appeals. His estate has been estimated at about 200 million dollars (£150 million).

And until the appeals are resolved, Eide said the siblings won't be able to collect anything without his approval.

Attorneys for those who did appeal had said their interests would be harmed if the district court didn't wait out the appeals process before naming the heirs. Because Prince did not leave a will, federal and state estate taxes are expected to consume about half the value.

Prince's family, of course, has raised issues about the delay of distribution, saying that prolonging it will diminish the estate.

Prince died April 21, 2016, of an accidental overdose of fentanyl, a synthetic opioid drug 50 times more powerful than heroin.

Soon after his death, his full sister, Tyka Nelson, filed paperwork with the court seeking to be named his heir and administrator of his estate.

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.