Law Offices of Connie Yi, PC
Tell Us About Your Case
888-312-6978
View Our Practice Areas

Artist Prince's estate progressively marked by acrimony

Mega musical artist Prince died of an accidental drug overdose in April of last year.

Many people might reasonably think that most of the material matters relating to his estate might by now have been fully clarified and even settled, nearly 19 months following his passing.

Reportedly, that is far from true.

In fact, several of Prince's heirs -- determined under probate law in Minnesota, given that the entertainer apparently never wrote a will -- recently filed a petition with a judge asking for removal of the estate's administrator.

That entity is Comerica Bank Trust, appointed by that judge 10 months ago.

The heirs (three half-siblings who have banded together; two other half-siblings and a full sister of Prince designated as co-heirs did not join the petition) heavily criticize what they allege is the bank's mismanagement, inexperience and misrepresentation in handling estate affairs.

Comerica officials have reportedly told the heirs that it could take as long as 14 years to close the estate. The heirs counter that the estate has already been irreparably harmed through bank incompetence and that Comerica needs to be ousted as administrator now.

The judge ruled late last month that Comerica will continue in its role while he considers the petition. Summarily removing the bank from its duties, he noted, could undermine several lucrative entertainment-related outcomes for the estate that are currently being negotiated.

Although Prince's estate has been valued as high as $300 million before taxes, its worth could actually far surpass that. The artist created a huge catalogue of musical work that has not yet been made available to most of the public.

No Comments

Leave a comment
Comment Information

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Office Locations

Law Offices of Connie Yi, PC
323 Ray Street
Pleasanton, CA 94566

Phone: 925-484-0888
Pleasanton Law Office Map

San Mateo
1900 S. Norfolk Street, Suite 350
San Mateo, CA 94403

Phone: 415-433-3350
Map & Directions

San Francisco
490 Post Street, Suite 508
San Francisco, CA 94102

Toll Free: 888-312-6978
Phone: 415-433-3350
San Francisco Law Office

Sunnyvale
1250 Oakmead Pkwy, Suite 210
Sunnyvale, CA 94085

Toll Free: 888-312-6978
Map & Directions