Court set to rule on Prince’s estate

A Carver County court will rule on the sharing of Prince’s estate as several family members of the late musician arrived the court shortly before 8 a.m. on Monday as the process to divide the pop icons properties begin.

The probate hearing stems from a request last week by his sister, Tyka Nelson, to have a special administrator appointed to manage the musician’s assets as Prince, who died April 21 at age 57, left no known will to his estate which could exceed $100 million.

Bremer Trust, National Association has been appointed as special administrator for the estate for up to six months, or until another can be chosen. The administrator is charged with locating and protecting the assets and notifying any heirs in line for a share of the estate.

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It’s still possible that a will may be found. Barring that, Minnesota law governs how the money will be split. Probate documents list the apparent heirs at this point as Tyka Nelson and Prince’s half-siblings John Nelson, Norrine Nelson, Sharon Nelson, Alfred Jackson, Omarr Baker and the late Lorna Nelson.

Insiders reveal that late pop icon Prince left no will before he died because he was too scared to write one.
The report revealed that Prince didn’t trust anyone around him and ignored the advice to pen a will on several occasions because he felt “screwed over” by people who had him sign deals in his younger years, and that made him “paranoid” to sign anything.

Prince reports say hired and fired a slew of professionals, his most trusted advisers were “beautiful, 20-something women, all models with no experience in anything.” It caused chaos in his life … especially in the financial department”.

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