Prince's family heads to court for first hearing to divide multi-million dollar estate
The $300-500 million estate could be divided among the singer's siblings.
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Louise Thomas
Editor
A ten-minute court hearing to divide Prince's multi-million estate, including the singers’ massive vault of unreleased music, appointed a special administrator on Monday.
The beloved musician was found dead in his apartment April 21 inside Paisley Park, a compound where he lived, recorded music and held parties.
Tyka Nelson, Prince’s sister and only known sibling, said that her brother had no known will. Nelson filed paperwork last week asking to be appointed as an executor of his estate. According to Minnesota law, Prince’s estate would be divided among his siblings.
At the 9:30am hearing at Carver County courthouse, all of Prince’s heirs expressed confidence in Bremer Trust to act as the special administrator, CBS Minnesota reports.
According to Minnesota law, Prince's estate would be divided among his surviving siblings.
An unnamed law enforcement official recently told the Associated Press that investigators are trying to determine whether Prince died from a overdose or if a doctor was prescribing him drugs.
Attorneys with the Bremer Trust said that the search for Prince’s will is ongoing.
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