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Tuesday, 26 April 2016

Prince Reportedly Did Not Have A Will As Six Of His Siblings Are Likely To Split His Estate


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Prince didn’t have a will at the time of his death, so according to reports his estimated $150 million fortune will be split among his siblings and half-siblings.
Read excerpts via TMZ:


 


Multiple sources who have worked with Prince as recently as 2014 tell us … he did not have a will. Of course it’s possible in the last year or so Prince had a change of heart and drafted one, but all of our sources say based on his history with them that’s highly unlikely.
Our sources say various professionals raised the issue of a will with Prince but he never had an interest in drafting one.

We’ve contacted various people, including family members, and they all say they have not seen a will and so far no one has come forward with one.
If Prince did indeed die without a will, under Minnesota law his siblings — the closest living relatives — would share equally in his estate. Prince had 8 brothers and sisters, and only Tyka was a full sibling.  

People have assumed Tyka — who has taken the reins — would get everything, but that’s not the case. In Minnesota half siblings and full siblings are treated exactly the same when it comes to inheritance without a will … they all share equally.
Two of Prince’s siblings are dead, leaving 6. There’s one catch. If the deceased siblings had kids, they would be entitled to the same share as their parent.

We still can’t even believe we’re talking about Prince being gone.

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