Bremer Trust was appointed by District Judge Kevin Eide to oversee the Prince estate, and none of the apparent heirs objected to the appointment. “One by one, five of Prince’s six surviving siblings entered a Carver County courtroom Monday to register their claim to the late music legend’s estimated $100 million-plus estate and set up a special administrator to ensure that it’s handled properly.” As of Monday morning no will has been found, and the search for Prince’s will is ongoing. Prince leaves behind a massive estate that is estimated to be worth hundreds of millions of dollars. The fact that there does not appear to be a will creates many problems because the large estate will have to be distributed in accordance with Minnesota intestacy laws. This could lead to legal battles between beneficiaries who will likely end up disagreeing over the property distributions.
See Emma Nelson and Dan Browning, Judge confirms appointment of special administrator on Prince’s estate, Star Tribune, May 3, 2016.
