The death of the Prince, one of the most influential musicians over the past several decades, shocked the world in what has been a graveyard year for rock royalty. With an estimated net worth somewhere north of $300 million, the status of his estate plans quickly became a question most curious to many suddenly interested parties. Now an answer appears to be at hand with probate filings revealing that the musician did not leave behind a will or any other estate plan. As it stands now, the singer’s sister Tyka Nelson appears set to be the administrator of the estate due in no small part to her status as his full sister. A host of half-siblings were named as interested parties who stand to inherit through under Minnesota’s intestacy statute. However, reports have emerged that Prince’s home, Paisley Park, could be turned into a Graceland style tourist destination with the cooperation of the family which would indicate the would be heirs are already working together.
See Maria Puente, Prince died without a will, sister says, USA Today, April 26, 2016.
Special thanks to Naomi Cahn for bringing this article to my attention.
