Geesh! Prince’s Siblings Having SERIOUS PROBLEMS w/Estate AND Each Other
There’s trouble in paradise with Prince’s fam’ as of late. This time around, not only are they having some issues with the new overseers of Prince’s estate, but they can’t seem to stay on the same page whatsoever when it comes to Prince’s financial/business dealings.
After the initial overseer, Bremur Trust Bank, was replaced by the new overseer, Coamerica Bank in February (2017), so was the tension that the family had with Bremur. Apparently, in February Bremur (Prince’s longtime bank) told a judge that they no longer wanted to control Prince’s estate. The judge cited the great amount of issues the family has had with Bremur and then allowed Coamerica- the bank that ALL siblings agreed to- to become overseer.
But according to Billboard, the judge also warned at the time of that transfer hearing, that there may be even more beefing among the siblings with the new overseers if they continue to not be on the same page going forward.
Well lo and behold, the judge was right, because as of March (2017), here they are. See what’s being reported by Billboard below:
In an objection to an order Comerica is seeking that would give it wide discretion in managing the estate, Sharron, Norrine and John Nelson — three of the expected heirs — said that if the bank doesn’t change its behavior toward involving the heirs in managing the estate, they are prepared to seek its removal.
In their objection, the heirs noted in vetting Comerica they asked if they would have a say in how the estate would be managed; Comerica representatives supposedly told them they would allow the heirs to have a say and would consider the heirs’ vote with significant and serious weight but that Comerica would not make decisions based solely on that vote. According to their objection filed March 10 in the First Judicial Court’s Probate division in Carver Country, Minn., the three heirs say not only is Comerica failing to give serious weight to their voices, but the bank has also failed to demonstrate its claimed expertise in the management of entertainment assets.
Siblings Also Disagreed On Who Should Be Personal Co-Representative Of Estate
In February (2017) a judge had to step in and decide for the divided siblings, who will also officially be the personal co-representer (along with Coamerica) of the estate, after the siblings could not come to an agreement. Tyka Nelson and Omarr Baker wanted Prince’s longtime friend, CNN commentator/nonprofit organizer, Anthony “Van” Jones, but their siblings, John, Norrine, and Sharon Nelson wanted Prince’s longtime attorney, L. Londell McMillan. Each side reportedly suspects that the other has something personal to gain from their recommendations for co-representer.
Via Billboard: The judge said he would not appoint a co-personal representative who did not have the heirs’ unanimous support. “The heirs are all strong advocates of their positions on how the estate should be managed, and adding another divisive element will cause additional expense and delay in these proceedings,” he wrote.
As of now there still has been no official decision made as to who will inherit Prince’s estate, but more than likely it will be his five siblings. Hopefully they’ll become more cohesive as a unit soon, because this right here is just jacked up in all kinds for ways…and has been so ever since Prince’s untimely passing on April 21, 2016.
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