Prince's Six Siblings Become Heirs to His Estate
- Author: Larry Hoffman May 20, 2017,
May 20, 2017, 0:30
District Court Judge Kevin Eide filed the ruling on Thursday in Carver County, Minnesota. Beginning in the weeks after his death, an assortment of people have come forward, claiming to either be related to Prince or to have some other legal claim to the estate.
There are people who filed appeals after their claims of heirship were rejected.
Eide also said none of Prince's assets can be distributed without a court order, nor in any way that might adversely affect any of the appeals.
Eide previously said he wouldn't declare the siblings as heirs until those appeals had been decided.
However, the siblings' lawyers argued further delays would cause costs to the estate to rise and impede its efficient administration. Attorneys for those who appealed said their interests would be harmed if the district court didn't wait out the appeals process. The six-song EP "Deliverance" had been scheduled to be released on the first anniversary of Prince's death.
The siblings will still have to wait to inherit their shares of Prince's estate, which court filings suggest has an estimated value of about $200 million, though taxes are expected to consume about half of that.
No one will ever know what Prince wanted done with his estate after he passed away because he didn't leave a will.
Prince died at age 57 of an accidental, self-administered overdose of the powerful painkiller fentanyl in April 2016 at his Paisley Park Studios compound in the Minneapolis suburb of Chanhassen. His estate has also struck deals to make his albums available by streaming, and next month plans to release a remastered "Purple Rain" album as well as two albums of unreleased music and two concert films.