Sister: Prince Had No Known Will
Prince’s sister says the superstar musician had no known will and filed paperwork Tuesday asking a Minneapolis court appoint a special administrator to oversee his estate.
Tyka Nelson, Prince’s only surviving full sibling, said in the court filing that immediate action was necessary to manage Prince’s business interests following his death last week.
The size of Prince’s fortune is unclear. He made hundreds of millions of dollars for record companies, concert venues and others during his career and his estate included about $27 million in property.
Nelson asked that Bremer Trust, who provided financial services to Prince for many years, be named administrator of the estate, reports the Star Tribune.
Prince owned a dozen properties in and around his famous Paisley Park complex in suburban Minneapolis: mostly rural pieces of land and some houses for family members. Public records show those properties were worth about $27 million in 2016.
The filing comes less than a week after the pop star died Thursday at his home in suburban Minneapolis.