The legacy of Prince
Foxnews.com Reporter Diana Falzone on the death of Prince and how he will be remembered.
Prince left behind an estate worth upward of $300 million — but the lucky person who will inherit his vast wealth remains a mystery.
Twice divorced, the icon had no surviving children, and it’s unclear if he even created a will before his death Thursday morning.
“Hopefully, Prince executed a trust and indicated his intentions, both with respect to who his trustee would be and how he would want the estate to be disposed of,” celebrity attorney Dan Streisand told Reuters.
“Prince was an incredibly smart person, he had great legal representation . . . so I would suspect that somebody along the way said, ‘Look, we’ve got to get you to execute some documents.’ ”
One possible trustee could be Prince’s younger sister, Tyka Nelson, who arrived at his Paisley Park pad Friday with purple hair. “He loved you back,” she told the hundreds of fans who’d assembled around the fence that surrounds his estate.
If Prince didn’t make a will, inheritance will be determined by a probate court. Under Minnesota law, the estate first falls to grandchildren, then parents and siblings.
Both of Prince’s parents have been dead for decades.
Click here for more on this story from the New York Post's Page Six.
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