Prince’s estate is finally settled after a 6-year battle #Princes #estate #finally #settled #6year #battle Welcome to Viasildes, here is the new story we have for you today:
Prince’s estate is finally settled following a six-year court battle.
When the singer died at age 57 in 2016, he did not leave a will for his $156 million estate. With no living children or spouse, under Minnesota law his six half-siblings were named as his legal heirs.
Now, the Minnesota first judicial district has ordered that the cash in Prince’s estate be split evenly between two LLC holding companies: Prince Legacy LLC and Prince Oat Holdings LLC.
Three of Prince’s half-siblings sold their interests in the estate to the publishing company ‘Primary Wave,’ which is now owned by Prince Oat Holdings.
The other three half-siblings did not sell their interests and currently control ‘Prince Legacy,’ alongside their advisers.
BE PART OF THE CONVERSATION
KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.
Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here
If you would like to share a story idea, please submit it here.