Speculation Grows over Prince’s Estate
Following the death of music superstar Prince, speculation has been growing in the media over the size of the estate Prince left behind, and whether or not he had written a will.
According to Prince’s sister Tyka Nelson, who is his only full sibling, there is no will and she has applied to court to have an executor appointed, reports the Guardian. An executor is the person who has the responsibility of organising a deceased person’s estate. They may be named in the deceased person’s will or appointed by the court. Ms Nelson has asked that this be done as a matter of urgency to ensure her brother’s business interests are looked after.
The exact size of Prince’s estate isn’t yet known, with reports varying wildly from $150 million to $800 million, reports the Telegraph. Both his parents are deceased and although he was divorced twice he had no surviving children, making his sister Tyka his closest relative.
However, his father had remarried and Prince had five half-siblings from this second marriage, raising speculation about the possibility that they might try to make a claim on the estate.
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