Prince siblings in court for 1st hearing on estate
CHASKA, Minn. — Five of Prince’s six surviving siblings appeared in court Monday for the first hearing to start sorting out an estate certain to be worth millions, a task complicated because the star musician isn’t known to have left a will.
In a hearing that lasted a little more than 12 minutes, Carver County District Judge Kevin Eide formalized his appointment last week of Bremer Trust to handle matters involving the estate of Prince, who died suddenly last month at age 57.
Prince’s sister, Tyka Nelson, requested the appointment so that the company can manage Prince’s estate until an executor is named. Eide asked the packed courtroom whether anyone knew of a will, and the courtroom was silent. Lawyers for Bremer Trust said they hadn’t found one but would keep looking.
The hearing didn’t address how long the estate may take to settle or how much it is worth. His property holdings alone in Minnesota, including his Paisely Park studios in the Minneapolis suburb of Chanhassen, were worth about $27 million, but music industry experts say his earnings after death are likely to be far more.
By The Associated Press
