It’s alleged that he had no will when he died on April 21st.
Now, the entirety of Prince’s estate (reportedly valued at $ 800,000,00) may very well go to just one fully biological sibling, younger sister Tyka Nelson.
According to Celebrity Dirty Laundry, that figure will likely increase from posthumous music and merchandise sales.
Not only that, but Prince owned the master recordings of his work, an enormous fortune estimated at $ 500,00,000.
Because of the size of the catalog, the singer’s estate could release one album per year for the next 100 years, according to a 2015 documentary, Hunting For Prince’s Vault.
Page Six, however, claims that the amount left behind is only $ 300,000,000.
Reuters spoke with celebrity attorney Dan Streisand who believes Prince had to have created some sort of will to indicate his last wishes, given how large his estate was.
“Hopefully, Prince executed a trust and indicated his intentions, both with respect to who his trustee would be and how he would want the estate to be disposed of,” Streisand told Reuters.
“Prince was an incredibly smart person, he had great legal representation . . .
“So I would suspect that somebody along the way said, ‘Look, we’ve got to get you to execute some documents.’ ”
Though Prince does have living half-siblings, CDL‘s report claims that Minnesota law will only allow the estate to go to the deceased’s “parents, grandparents and siblings,” though the half-siblings can contest this.
Prince was married twice, and has no living children or parents.
The singer was found unresponsive at his Minnesota home on the morning of April 21st.
His cause of death has yet to be determined publicly.
