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Prince’s estate is finally settled after a 6-year battle

Prince’s estate is finally settled after a six-year court battle. The late singer did not leave a will regarding his $156 million estate.

After the singer died in 2016, his six half-siblings were named his legal heirs.

Now, according to a copy of court documents obtained by CNN, the Minnesota First Judicial District has ordered the cash in Prince’s estate be split evenly between Prince Legacy LLC and Prince Oat Holdings LLC.

Prince Legacy LLC consists of interests previously held by three of Prince’s half-siblings, Sharon Nelson, John Nelson and Norrine Nelson.

According to court documents, Prince Oat Holdings LLC is owned by music publishing company Primary Wave and consists of interests once held by Tyka Nelson, Omarr Baker and Alfred Jackson, as well as three separate entities owned by Primary Wave.

Also listed in the documents is the bank that was assigned by the court to administrate the estate’s affairs during litigation.

Comerica Bank & Trust gets $3 million to pay the costs and expenses associated with closing the estate, “including the preparation of tax returns, professional fees, expenses and any awards entered in pending litigation involving the Estate.” Whatever is left over gets split between Prince Oat Holdings LLC and Prince Legacy LLC.

Jeff Dunham returns for Comedy Central special filmed at DC’s Warner Theatre

[connatix_element_embed script_id=332a4f6da2f14d4d8d9d62ecad3c45b4 player_id=9be9c680-c459-4acb-af21-654a2ccca384 video_id=6404990b-28ac-4dad-913e-6462865238ec]Hear our full conversation on my podcast “Beyond the Fame.”
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