Prince’s Siblings Lose Heated Battle For His Estate After Judge Scolds Them, But Is It Fair?
According to court documents obtained by The Blast, the judge has just shut Prince’s heirs all the way down, in their quest to control their brother’s estate.
The Minnesota judge told the siblings they did an inadequate job providing evidence back up their claims, that Comerica’s administrators were wasting unnecessary money. Then the judge also reminded them that continuing to take Comerica to court will only waits more of the estate’s money- leaving less inheritance for them. Here’s what else was reported:
The order states, “Comerica requires the broad authority to administer the Estate that has been granted to them and is allowed by statute. To limit their powers would create a vacuum of uncertainty as to whom would have the authority to represent the Estate in certain matters. Specifically, restricting the authority of the Personal Representative to enter into an agreement for a period longer than one year may result in the loss of entertainment deal opportunities which are necessary to raise needed funds to pay estate taxes and lead to the distribution of funds to the Heirs.”
There is one piece of good news the siblings walked away with:
The judge did appoint a mediator to help the communications between Comerica and the heirs. He wants all parties to work closely on the plans for Prince’s future distribution, including the inventory of from his secret vault of treasures.
Meanwhile, Prince’s siblings are still waiting for their inheritance, as they sit on the sidelines, watching Comerica to get paid from their brother’s estate. Oh what a difference a will would’ve made…damn.
