no matter how much expessive food and cars and cloths... its impossible to use that much money in a lifetime.. for Prince or anyone else..


I can't answer the question - I just beg that qualified people will open the vaults and let us (fans) get access....

I wanna spent a lot of money on that music..

Don't mess it up/ the vaults, please, thats what I really fear will happen.

ashleypaisley said:

If he had a Will ...........

Otherwise, he has no say, he's gone

luv4u said:

If he had a Will ...........

Otherwise, he has no say, he's gone

Yep, as tough as it is Prince decided that he wanted his fortune spent however his legal heirs see fit. If he wanted otherwise there would have been a will.

thedance said:

no matter how much expessive food and cars and cloths... its impossible to use that much money in a lifetime.. for Prince or anyone else..


I can't answer the question - I just beg that qualified people will open the vaults and let us (fans) get access....

I wanna spent a lot of money on that music..

Don't mess it up/ the vaults, please, thats what I really fear will happen.

This is what I hope for.

laurarichardson said:

thedance said:

He would have wanted paisley park turned into a music school for kids.

NorthC said:

When does Tyka get a cut?

Seeing as there is no will, I think we have to assume that Prince didn't care how it would be spent. If he did, he would've made a will that outlines his wishes. It's that simple.

ashleypaisley said:

What would you like to see happen with Paisley Park, his masters and his possessions? [Edited 7/21/16 9:33am]

The Vault: http://prince.org/msg/7/428557

The Estate: http://prince.org/msg/7/429559

Empress said:

ashleypaisley said:

NorthC said:

First of all, it's $ 300 million worth of property, not money in the bank. Secondly, most of the money that is there will go to taxes and lawyers.

Prince has $300M worth of property? I don't think so. His liquidity is growing by the day, its called residuals. [Edited 7/21/16 9:38am]

.

This is VIRTUAL money. It's what the estate could be worth if everything gets exploited "properly".

avajane said:

No, he simply didn't get the chance to write one. I think he did intend to write one, but I don't think he thought he would die so soon.

Your thoughts betray you. Not sure where you get this from, by the way. It's false.

His lawyer Londell said that he repeatedly tried to get Prince to draw up a will, and he just wouldn't do it. He said Prince hated thinking about that so, like many other things Prince didn't want to face, he ignored it.

NorthC said:

First of all, it's $ 300 million worth of property, not money in the bank. Secondly, most of the money that is there will go to taxes and lawyers.

No, that's not true. $300 was the whole worth, including property, assets, any investments, etc. But yes, he did own a lot of property. Good move on his part.

Besides, no one has $300M just sitting in the bank anyway; not like that. Prince was at least smart enough to buy and own property. He even talked about that, and taxes, in some song - might have been "Prince and the Band", but I forget off hand.

And no "most of it" won't go to the lawyers, etc. It's not like this estate isn't going to make money. MJ's estate was in financial shambles (even whilst he claimed he was worth a billion dollars to Martin Bashir), but it paid all debts, sold property that needed to be unloaded, and put things in order so that it was in the black within a very, very short time. Of course, MJ was smart enough to have a will, unlike Prince. But these are legends. Their remains will be profitable for the estate for years to come.

avajane said:

BartVanHemelen said:

TheEnglishGent said:

NorthC said:

No where near 300 mill

Since he seemed to be making amends with people he had dismissed from his life, what about bequests to former bandmates, and ... individual trusts for Mayte and Mani's children. The Prince Rogers Nelson Academy of the Arts, housed at PP, plus specific charitable donations. I honestly don't think he wanted his money to be split among family members. Maybe something for the ones he kept in touch with, but tens of millions each?

TrivialPursuit said:

TrivialPursuit said:

avajane said:

No, he simply didn't get the chance to write one. I think he did intend to write one, but I don't think he thought he would die so soon.

Your thoughts betray you. Not sure where you get this from, by the way. It's false.

His lawyer Londell said that he repeatedly tried to get Prince to draw up a will, and he just wouldn't do it. He said Prince hated thinking about that so, like many other things Prince didn't want to face, he ignored it.

TrivialPursuit, could you provide a link to a source regarding Londell McMillan trying to get Prince to draw up a will? Thanks.

laurarichardson said:

TrivialPursuit said:

No, that's not true. $300 was the whole worth, including property, assets, any investments, etc. But yes, he did own a lot of property. Good move on his part.

Besides, no one has $300M just sitting in the bank anyway; not like that. Prince was at least smart enough to buy and own property. He even talked about that, and taxes, in some song - might have been "Prince and the Band", but I forget off hand.

And no "most of it" won't go to the lawyers, etc. It's not like this estate isn't going to make money. MJ's estate was in financial shambles (even whilst he claimed he was worth a billion dollars to Martin Bashir), but it paid all debts, sold property that needed to be unloaded, and put things in order so that it was in the black within a very, very short time. Of course, MJ was smart enough to have a will, unlike Prince. But these are legends. Their remains will be profitable for the estate for years to come.

// I do not think it had any of it has anything to do with not being smart. If you read the court document his siblings have been giving him greif for a long time. He was the executor of his father estate and his did not have will so he knew what not having a will would mean. If he had will one of his crazy his half siblings would have contested it. The state will divide the money equally so no drawn out probate do to multiple people contesting. I also think he may not have given a shit about the money look how much he gave away. We know that the law firm that handled his divorce had to get permission to give documents concerning heirs and probate to Bremer. I believe this may be a trust for some portion of his estate trust are not a made public and the court has sealed anything to do with possible children. Whole chunks of money could have gone to some charity or person for all we know. He did not make it almost 40 years in the music industry being an idiot. [Edited 7/21/16 12:14pm]

Could you provide a source about him being the executor of his father's will, please?

anangellooksdown said:

I think he'd probably want people he loved taken care of financially I think he would want people (especially children) to have access to musical instruments I think he would want his home made a museum of some kind where people could go and be encouraged to play music, to support artists, and to love each other. I think he would want some of it to go directly to charities that are healthy and support music and anti-poverty in effective ways. I don't think he would want any of it to be about him personally.

Thank you for your honest answer.

I think he'd want to see people fight over it, just like they're doing now.