The Artist Formely Known As Prince's Estate Vulture Circling Report
Barely two weeks since he was laid to rest, Prince's sister Tyka Nelson insisted that the courts declare that he did not leave a will. She's fighting for most if not all of the estate, apparently on the grounds that she was Prince's only full sibling, that is, they're the only ones in the family who had both parents in common. Oh, so being a half sibling is a felony? I couldn't even dream of discriminating against my nieces and nephews that way -- but then again, I learned from the best.
When my oldest nephew's paternal grandmother or her sister invited him over for the weekend, they also invited his half-sister. They both got Christmas and birthday presents from them; they both got baskets at Easter. And when the grandmother died, they both inherited a savings bond! Wicked stepparents SHOULD be the stuff that only fairy tales are made of. Well, nyah nyah nyah Tkya: Minnesota state law dictates that in the absence of a will, Prince's estate, estimated at $300M US, must be divided equally among all six of his surviving siblings -- half or whole! (Two other siblings are deceased, but left no spouses or children.) You could have waited a couple months for the estate to be fully executed to ensure there wasn't a will: if one turned up that didn't favor you, you would have been able to challenge it. But nooooo... http://rocktivity.com/Graphics/nyah.gif And now, enter Rodney Herachio Dixon Mercury. Quote:
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This just in -- more bad news for Tyka: Quote:
I guess it goes without saying that a dignified end to Prince's life is not to be... :( |
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Earlier today, a judge authorized DNA testing of Prince's blood... Good news -- that should keep any additional bloodsuckers out of the mix! |
I suspect this is going to be a long process. There will be the inevitable vultures as you state with this amount of money on the line. Those that are legitimate heirs are also in for a probable difficult time. How and who will place a value on some items, collectors pieces that may have one value plus his name increasing that value? The $200 jacket is now $5K. The song catalog, all the recorded and unreleased material. Songs he may never have wanted released but because he had no will, may be part of a Direct TV commercial next. (Couldn't resist)
The biggest winner will be the government with estate tax at almost 40% for amounts over 5.6M, which he will easily exceed. Then all the attorneys to debate out who gets what at "equal" value. No one is exempt - write a will! I still 1/2 expect one to suddenly appear since he seemed to want such control over his music, how could he leave his life open to this? I hope there is a very knowledgeable and through probate judge in place. |
I'm just shocked at how (at the age of 57) he never thought of creating a will.......
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It certainly should have been at the top of his list, especially after getting his catalog rights back two years ago. But I guess he just kept telling himself that he'd "get around to it..."
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The Latest Nuts To Fall From The Prince Estate Family Tree
My prediction of a child of one of Prince's dead siblings appearing has been thwarted yet again!
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Not all of Prince's vultures are financial.
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I really did like her outfit -- but then again, outfits ARE her specialty. The problem is that her opening the tribute from a purple throne and using a cane she didn't need came across as self-aggrandizing; her attempting to top Sinead O'Connor's cover of Nothing Compares 2 U came across as self-destructive; and her closing the tribute by bringing out Stevie Wonder came across as racially patronizing. One thing for which I genuinely admire Jon is his not admiring Madonna. When she tried to introduce vouging, he advised that people are more interested in her brandishing her booty than her arms. She DIDN'T get where she is by standing relatively still and singing relatively well while fully clothed: her being a visual rather than artistic contemporary of Prince is what generated the fan protest, and sure enough, she justified it. Quote:
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