A Minnesota Judge rules that six siblings are the heirs to Prince’s Fortune
The music superstar Prince did not have a will! A judge just ruled that his six siblings are heirs to his fortune, but many more people are claiming to be heirs to the legend’s over 25 million-dollar estate. Prince’s assets will not be distributed to his heirs without a formal court order. If an appellate court rules that rejected claimants could possibly have a claim, than more heirs may be found.
A judge has also recently blocked the planned release of a new Prince six-song EP entitled “Deliverance” which had been scheduled to be released on the first anniversary of Prince’s death, but is now on perpetual hold until the estate can be settled.
So what happens now? We will have to wait to see who will obtain the fortune; and the world will have to wait until we can hear new music from the superstar who passed away last year. Lesson learned: We may not all have Prince’s fortune, but everyone must have a will. Even the most modest estates must have an estate plan; or a family may have to deal with a protracted legal battle just to see who the heirs will be.
Here is the link to the original Reuters article regarding Prince’s six siblings from May 20, 2017: Six Siblings designated Prince’s Heirs.