Author | Message |
The Estate I sure hope that a will is found somewhere.
I think about all that Prince has created- I can't imagine it all landing in the hands of someone in jail or wherever. I want someone that was close to Prince to 'take care of' what he left behind. I know I am prematurely judging here but I just so wish so many things about this whole situation were different. (Starting with Prince still being alive...)
* NEW THREADS ABOUT THE ESTATE WILL BE LOCKED * Thieves in the Temple? Is Prince's Estate Plan Being Suppressed?
http://prince.org/msg/7/427464 Taxes May Wipe Out Half Of Princes Estate
-OF4S | |
- E-mail - orgNote - Report post to moderator |
I agree. Someone claiming to be his son, even if it turns out he is should not get Prince millions. He had no clue he had a son, had no bond to this person. They were strangers to each other. | |
- E-mail - orgNote - Report post to moderator |
I second, third that sentiment. I actually lost a little sleep over it. It would be like "theives in the temple" I would rather it go to his sister who would protect the music and his wishes. That's my chief concern, money is just money, but his music was so important to him and to his fans, and if the rights went to people who are just out for a buck, well the thought of it makes me physically ill. | |
- E-mail - orgNote - Report post to moderator |
During this beginning time of the Estate, the Court will determine the next of kin. Since there seems to be no Will at this time (one could still show up), the next of kin will be the ones to inherit. This will proceed by the "Statute of Descent and Distribution". (Reminder: Probate law can differ from state to state.) The Statute of Descent and Distribution is what the Court will use to determine "rank" of inheriting. (This is not legal advice.) RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
In order to save time, at the same time, the Court will doing an itemized Inventory. After the heirs are determined, the next report that will be filed on behalf of the Estate is the Inventory. This is completely itemized. Also values for each item need to be listed. (Some things are more difficult than others to set a value to.) In an estate that is as massive as Prince's is reported to be, this can take some time. (This is not legal advice.) RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
the main reason they would is if the Dwayne was a step brother. "Keep on shilling for Big Pharm!" | |
- E-mail - orgNote - Report post to moderator |
RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
"Will Prince's Estate and Icon Status Grow After His Death"; by Ed Christman; dated 4-28-2016 http://www.billboard.com/...-his-death [Edited 6/13/16 11:42am] RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
Question: Do you want it done fast? OR Do you want it done right? RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
I just don't want this to turn into the Sun Ra, Tupac, or Eazy-E estates where entire projects are lost (Sun Ra and Eazy-E) or stolen and bootlegged (Tupac and Eazy-E). It would be a horrible way for such a legendary vault to slip away. | |
- E-mail - orgNote - Report post to moderator |
Surely a swab in the mouth is good enough for a dna test? Why take blood? | |
- E-mail - orgNote - Report post to moderator |
Rebeljuice said: Surely a swab in the mouth is good enough for a dna test? Why take blood? or just do that? If you think you are related to Prince, WHAT is the big deal? RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
"Behind Closed Doors, Lawyers Dig Into Prince's Estate", dated 5/8/2016, KSTP.com http://hbispace.com/print...id=4130806
[Edited 6/13/16 11:59am] RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
Now that things have calmed down -somewhat- we probably won't hear anything about the Estate on the weekends. Most law offices usually operate by "bankers' hours". RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
Probate really isn't anything to be feared, like some people who try to sell trust schemes tell you (cough, cough).
RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
. Have you all seen the guy in Minnesota linked to Heir Hunters? "He's a musician's musician..." | |
- E-mail - orgNote - Report post to moderator |
"Entertainment industry experts to join Prince estate case" http://www.fox9.com/news/...1548-story RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
Why is a Will needed? In case you have someone and/or something you want to protect.
Children? Probably the #1 most important reason, in my opinion, especially if they are minors. Prince didn't have any children, that we know of - any claims as such remain to be seen. Significant other? Prince wasn't married, at this time. The fact that Prince didn't draw up a Will to protect a significant other says a lot, in and of itself. Assets that need protected? This was probably Prince's biggest mistake. Prince knew his estate would be complicated - he knew there would be claims against his estate. Who better to sort it all out other than Probate Court, where it would be done according to law. It sounds like Prince was in excrutiating pain, and was just trying to keep things going as long as he could, the best way he knew how. However, I do believe that this Pain Management Doctor could have helped him. But the pain management field tends to be a new one, one where the physicians involved have to understand all of the complex law relating to that. Many people have not heard of Pain Management Doctors - previously, you used to just go to your family physician. Now, that field has become a separate, complex medical field. Help for Prince arrived just a little too late. (This is not legal advice. This is based on my current knowledge, information, belief, and experience.) [Edited 6/13/16 12:06pm] RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
Why is a Will needed? Why do you need life insurance? For the same reasons: for your loved ones. In case there is something you want to protect. It is not about how much money you have, or whether or not you own a house. It is about helping your loved ones settle your estate. (This is not legal advice.) RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
WHY didn't Prince execute a Will? Wills are like contracts. Prince hated contracts. RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
True... but it's a contract that the individual is in complete control over, if they take the time to write one. | |
- E-mail - orgNote - Report post to moderator |
CAL3 said:
True... but it's a contract that the individual is in complete control over, if they take the time to write one. Exactly. If you would had the opportunity to talk to Prince just one more time, would you have insisted that he write his Will?? RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
Possible reasons Prince did not execute a Will: 2) Giving up control. 3) Don't want to deal with attorneys. 4) The cost of estate planning. 5) Family decisions need to be made. 6) A Will is like a contract. Prince said many times that he did not like contracts.
[Edited 6/13/16 12:18pm] RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
We need more threads about the estate. | |
- E-mail - orgNote - Report post to moderator |
suomynona said: We need more threads about the estate. Why? RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
| |
- E-mail - orgNote - Report post to moderator |
[Edited 6/10/16 14:06pm] RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |
mailaccount63 said: Question: Do you want it done fast? OR Do you want it done right? Answer: I don't give a shit as long as I get the music faster. Prince didn't care, why should I? | |
- E-mail - orgNote - Report post to moderator |
RIP Prince. We will NEVER forget you. Thank you so much.
"Dearly Beloved: We are gathered here today 2 get through this thing called: 'Life'." | |
- E-mail - orgNote - Report post to moderator |