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Forums > Prince: Music and More > The Estate Discussion - Part 12 - Continued
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Reply #150 posted 02/01/18 7:07am

laurarichardso
n

cloveringold85 said:

laurarichardson said:

It could be if these issues actual go to court they are going to be hugh. I hope all can be settled out of court although in Cousins you may be looking at Federal laws.

Wire fraud, Bank Fraud, Possible forgery and just stealing.

.

And, the fact that Cousins is trying to sue because the media calls him a shady lawyer, is highly laughable!! lol lol

.

I mean, seriously? Just look at his credentials.......that's shady AF!! lol

All the lawsuit will do is bring more of his crap into the public eye. I have a hard time believing he pulled this real estate fraud off by himself.

[Edited 2/1/18 7:08am]

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Reply #151 posted 02/01/18 11:58am

laurarichardso
n

Check out the list of assets. Especially those loans. The estate appears to have a nice chuck of cash.

-------

Loan receivable from Susanna Melvoin*

Loan Receivable from Kip Blackshire*

--------

http://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/Receipts-for-Assets-by-Distributee.pdf

[Edited 2/1/18 12:01pm]

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Reply #152 posted 02/01/18 12:22pm

cloveringold85

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laurarichardson said:

cloveringold85 said:

.

And, the fact that Cousins is trying to sue because the media calls him a shady lawyer, is highly laughable!! lol lol

.

I mean, seriously? Just look at his credentials.......that's shady AF!! lol

All the lawsuit will do is bring more of his crap into the public eye. I have a hard time believing he pulled this real estate fraud off by himself.

[Edited 2/1/18 7:08am]

.

He's such an assclown, really!!

"With love, honor, and respect for every living thing in the universe, separation ceases, and we all become one being, singing one song." - Prince Roger Nelson (1958-2016)
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Reply #153 posted 02/01/18 12:25pm

cloveringold85

avatar

laurarichardson said:

Check out the list of assets. Especially those loans. The estate appears to have a nice chuck of cash.

-------

Loan receivable from Susanna Melvoin*

Loan Receivable from Kip Blackshire*

--------

http://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/Receipts-for-Assets-by-Distributee.pdf

[Edited 2/1/18 12:01pm]

.

Yes, that is some nice pocket change right there! lol

"With love, honor, and respect for every living thing in the universe, separation ceases, and we all become one being, singing one song." - Prince Roger Nelson (1958-2016)
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Reply #154 posted 02/01/18 3:14pm

laytonian

cloveringold85 said:



laurarichardson said:


Check out the list of assets. Especially those loans. The estate appears to have a nice chuck of cash.


-----


Loan receivable from Susanna Melvoin*



Loan Receivable from Kip Blackshire*



-----


http://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/Receipts-for-Assets-by-Distributee.pdf


[Edited 2/1/18 12:01pm]



.


Yes, that is some nice pocket change right there! lol




Other assets have been used to pay bills and taxes. This is merely a list of what Bremer transferred to Comerica.
Obviously, other known assets are not valued/appraised (Paisley itself, the music and media I the vault, thousands of pieces of clothing and shoes, miscellaneous household items, GOLD BARS maybe cashed in, guitars, etc).
[Edited 2/1/18 15:16pm]
Welcome to "the org", laytonian… come bathe with me.
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Reply #155 posted 02/01/18 3:31pm

cloveringold85

avatar

laytonian said:

cloveringold85 said:

.

Yes, that is some nice pocket change right there! lol

Other assets have been used to pay bills and taxes. This is merely a list of what Bremer transferred to Comerica. Obviously, other known assets are not valued/appraised (Paisley itself, the music and media I the vault, thousands of pieces of clothing and shoes, miscellaneous household items, GOLD BARS maybe cashed in, guitars, etc). [Edited 2/1/18 15:16pm]

.

Yes. nod

"With love, honor, and respect for every living thing in the universe, separation ceases, and we all become one being, singing one song." - Prince Roger Nelson (1958-2016)
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Reply #156 posted 02/01/18 6:44pm

laurarichardso
n

laytonian said:

cloveringold85 said:



laurarichardson said:


Check out the list of assets. Especially those loans. The estate appears to have a nice chuck of cash.


-----


Loan receivable from Susanna Melvoin*



Loan Receivable from Kip Blackshire*



-----


http://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/Receipts-for-Assets-by-Distributee.pdf


[Edited 2/1/18 12:01pm]



.


Yes, that is some nice pocket change right there! lol




Other assets have been used to pay bills and taxes. This is merely a list of what Bremer transferred to Comerica.
Obviously, other known assets are not valued/appraised (Paisley itself, the music and media I the vault, thousands of pieces of clothing and shoes, miscellaneous household items, GOLD BARS maybe cashed in, guitars, etc).
[Edited 2/1/18 15:16pm]

I know there are more assets.
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Reply #157 posted 02/01/18 8:24pm

ISaidLifeIsJus
tAGame

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Kip had a promissory note.

Susannah had a note receivable.

We have never seen these documents in the Estate pleadings before and there has to be some tea with Susannah.

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Reply #158 posted 02/01/18 9:03pm

PennyPurple

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ISaidLifeIsJustAGame said:

Kip had a promissory note.

Susannah had a note receivable.

We have never seen these documents in the Estate pleadings before and there has to be some tea with Susannah.

So these 2 borrowed money from Prince?

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Reply #159 posted 02/01/18 9:23pm

ISaidLifeIsJus
tAGame

avatar

PennyPurple said:

ISaidLifeIsJustAGame said:

Kip had a promissory note.

Susannah had a note receivable.

We have never seen these documents in the Estate pleadings before and there has to be some tea with Susannah.

So these 2 borrowed money from Prince?

It could have been a loan or a promissory note to record at the studio??

We have nothing but a notation of a promissory note and/or a note receivable.

It could be anything.

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Reply #160 posted 02/02/18 4:16am

rogifan

So who was using these SUVs? Unless Prince liked driving SUVs? And where is the blue Bentley?
Paisley Park is in your heart
#PrinceForever 💜
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Reply #161 posted 02/02/18 5:15am

laurarichardso
n

ISaidLifeIsJustAGame said:

Kip had a promissory note.


Susannah had a note receivable.


We have never seen these documents in the Estate pleadings before and there has to be some tea with Susannah.


—-There was a rumor going around that he had lent her money.
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Reply #162 posted 02/02/18 6:38am

laurarichardso
n

rogifan said:

So who was using these SUVs? Unless Prince liked driving SUVs? And where is the blue Bentley?

He was seen getting into an SUV in one of the photos. Many of the cars belonged to one of his corporations and now the cars belong to the estate.

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Reply #163 posted 02/02/18 6:39am

PennyPurple

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Do they still have to pay the money back?

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Reply #164 posted 02/02/18 6:48am

laurarichardso
n

PennyPurple said:

Do they still have to pay the money back?

Well here is the thing. I think Prince might not have been pressed to get it back but who knows what Comerica will do? They have a fiduciary duty to managed the estate they really have to make an effort to handle the finiacial affairs of the estate.

I guess this is something that the siblings might have a say on I am not sure but Comerica could certainy come after them if money is owed.

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Reply #165 posted 02/02/18 7:04am

PennyPurple

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laurarichardson said:

PennyPurple said:

Do they still have to pay the money back?

Well here is the thing. I think Prince might not have been pressed to get it back but who knows what Comerica will do? They have a fiduciary duty to managed the estate they really have to make an effort to handle the finiacial affairs of the estate.

I guess this is something that the siblings might have a say on I am not sure but Comerica could certainy come after them if money is owed.

Maybe she should've taken her auction money and paid back her loan.

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Reply #166 posted 02/02/18 7:31am

laurarichardso
n

PennyPurple said:

laurarichardson said:

Well here is the thing. I think Prince might not have been pressed to get it back but who knows what Comerica will do? They have a fiduciary duty to managed the estate they really have to make an effort to handle the finiacial affairs of the estate.

I guess this is something that the siblings might have a say on I am not sure but Comerica could certainy come after them if money is owed.

Maybe she should've taken her auction money and paid back her loan.

Well maybe that is the reason she all of sudden started auctioning stuff, making christmas ornaments and tee shirts. She was not even has activitly involved with F'Deluxe prior to his death.

I know Charles Smith said that Prince had given 60k to some female associate he had not worked with in years in the inverview he did on Mike Dean's podcast. Maybe he was talking about Susannah. He said the women was going to have to live in the streets and Prince put the money in her bank account.

[Edited 2/2/18 7:32am]

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Reply #167 posted 02/02/18 7:37am

Rev

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laurarichardson said:

PennyPurple said:

Maybe she should've taken her auction money and paid back her loan.

Well maybe that is the reason she all of sudden started auctioning stuff, making christmas ornaments and tee shirts. She was not even has activitly involved with F'Deluxe prior to his death.

I know Charles Smith said that Prince had given 60k to some female associate he had not worked with in years in the inverview he did on Mike Dean's podcast. Maybe he was talking about Susannah. He said the women was going to have to live in the streets and Prince put the money in her bank account.

[Edited 2/2/18 7:32am]

Maybe they were being overly dramatic or it's someone else. Susannah wasn't going to end up on the street.

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Reply #168 posted 02/02/18 8:15am

laurarichardso
n

Rev said:

laurarichardson said:

Well maybe that is the reason she all of sudden started auctioning stuff, making christmas ornaments and tee shirts. She was not even has activitly involved with F'Deluxe prior to his death.

I know Charles Smith said that Prince had given 60k to some female associate he had not worked with in years in the inverview he did on Mike Dean's podcast. Maybe he was talking about Susannah. He said the women was going to have to live in the streets and Prince put the money in her bank account.

[Edited 2/2/18 7:32am]

Maybe they were being overly dramatic or it's someone else. Susannah wasn't going to end up on the street.

He could have been speaking about someone else and I do not think he was being dramatic. Remember at one Rosie Gains was on the streets due to her health issues. This can happen to anyone know a days with the cost of health care and musicians are vulnerable since many are on work for hire contracts and pay for their own insurance.

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Reply #169 posted 02/02/18 8:48am

1Sasha

You know that her husband - or is he the ex-husband now - lives with Renee Zellweger who is apparently supporting him. This came out in the divorce/custody papers. I was surprised, though, to see her listed as owing Prince.

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Reply #170 posted 02/02/18 8:50am

laurarichardso
n

1Sasha said:

You know that her husband - or is he the ex-husband now - lives with Renee Zellweger who is apparently supporting him. This came out in the divorce/custody papers. I was surprised, though, to see her listed as owing Prince.

Yes, those court papers showed that her ex bum of husband of hers was behind on alimony and child support.

I was not surprised because their were rumors going around that he helped her out.

http://www.dailymail.co.uk/tvshowbiz/article-4975932/Renee-Zellweger-financially-supports-beau-Doyle-Bramhall.html

In 2014, it was first reported that Renee found herself dragged into Susannah and Doyle's battle after his ex claimed she is struggling for money to care for their daughters.

In court papers seen by MailOnline, Susannah's lawyer stated both Doyle and Susannah are $300,000 in debt - and that Susannah is desperate for financial aid.

Her lawyer says she and the girls have been forced to 'endure' media coverage of Doyle and Renee, including pictures of them 'frolicking' in the Hawaiian Ocean.'

Continuing on, Susannah's lawyer claims that Doyle has 'consistently rejected' all efforts to put support orders in place and deal with their 'mounting debts' - despite the fact the singer's financial future is 'completely precarious.'

Susannah collaborated with the late Prince in the 80s and the superstar even penned the hit Nothing Compares 2 U for her.



Read more: http://www.dailymail.co.u...z55yG8i5ov
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[Edited 2/2/18 8:58am]

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Reply #171 posted 02/02/18 9:06am

Rev

avatar

laurarichardson said:

1Sasha said:

You know that her husband - or is he the ex-husband now - lives with Renee Zellweger who is apparently supporting him. This came out in the divorce/custody papers. I was surprised, though, to see her listed as owing Prince.

Yes, those court papers showed that her ex bum of husband of hers was behind on alimony and child support.

I was not surprised because their were rumors going around that he helped her out.

http://www.dailymail.co.uk/tvshowbiz/article-4975932/Renee-Zellweger-financially-supports-beau-Doyle-Bramhall.html

In 2014, it was first reported that Renee found herself dragged into Susannah and Doyle's battle after his ex claimed she is struggling for money to care for their daughters.

In court papers seen by MailOnline, Susannah's lawyer stated both Doyle and Susannah are $300,000 in debt - and that Susannah is desperate for financial aid.

Her lawyer says she and the girls have been forced to 'endure' media coverage of Doyle and Renee, including pictures of them 'frolicking' in the Hawaiian Ocean.'

Continuing on, Susannah's lawyer claims that Doyle has 'consistently rejected' all efforts to put support orders in place and deal with their 'mounting debts' - despite the fact the singer's financial future is 'completely precarious.'

Susannah collaborated with the late Prince in the 80s and the superstar even penned the hit Nothing Compares 2 U for her.



Read more: http://www.dailymail.co.u...z55yG8i5ov
Follow us: @MailOnline on Twitter | DailyMail on Facebook

[Edited 2/2/18 8:58am]

Ofcourse the lawyer has to paint the bleakest picture. My point is Susannah has family to help. W&L are not going to let her be on the streets.

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Reply #172 posted 02/02/18 11:09am

laurarichardso
n

Rev said:

laurarichardson said:

Yes, those court papers showed that her ex bum of husband of hers was behind on alimony and child support.

I was not surprised because their were rumors going around that he helped her out.

http://www.dailymail.co.uk/tvshowbiz/article-4975932/Renee-Zellweger-financially-supports-beau-Doyle-Bramhall.html

In 2014, it was first reported that Renee found herself dragged into Susannah and Doyle's battle after his ex claimed she is struggling for money to care for their daughters.

In court papers seen by MailOnline, Susannah's lawyer stated both Doyle and Susannah are $300,000 in debt - and that Susannah is desperate for financial aid.

Her lawyer says she and the girls have been forced to 'endure' media coverage of Doyle and Renee, including pictures of them 'frolicking' in the Hawaiian Ocean.'

Continuing on, Susannah's lawyer claims that Doyle has 'consistently rejected' all efforts to put support orders in place and deal with their 'mounting debts' - despite the fact the singer's financial future is 'completely precarious.'

Susannah collaborated with the late Prince in the 80s and the superstar even penned the hit Nothing Compares 2 U for her.



Read more: http://www.dailymail.co.u...z55yG8i5ov
Follow us: @MailOnline on Twitter | DailyMail on Facebook

[Edited 2/2/18 8:58am]

Ofcourse the lawyer has to paint the bleakest picture. My point is Susannah has family to help. W&L are not going to let her be on the streets.

Well that may well be true but she is the one with the note

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Reply #173 posted 02/02/18 2:18pm

ISaidLifeIsJus
tAGame

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The attorneys for SNJ have filed a Notice of Withdrawal of Counsel but no Substitution of Counsel which is odd.

The Judge has granted Omarr's Motion to Expand the Investigation to include the JOBU fiasco surrounding the Tribute Concert.

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Reply #174 posted 02/02/18 2:48pm

TrivialPursuit

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source

Prince had $40M in cash when he died.

The estate for Prince has revealed the icon had over $40 million dollars in cash when he passed away.

According to court documents filed on January 31 and obtained by The Blast, the late singer left behind a fortune in cash and assets. The assets left in his name include $18,719,062 in cash, a sealed box labeled “Prince Concert Tribute,” several lots of land and seven homes in Minnesota.




Prince’s assets were also held in various music companies he owned. Paisley Park Enterprises, for example, has $1,178,991.29 in cash left by Prince along with six automobiles (including a 1992 Ford Thunderbird, 1995 Jeep UT, 1997 Lincoln Town Car, 2004 Cadillac, 2010 Mercedes Benz, 2011 Lincoln MKT) and four homes in Chanhassen, Minnesota.

Another one of his companies, NPG Music Publishing, lists assets of $11,953,463.46 in cash along with another home in Minneapolis. NPG Records holds a total of $8,192,512 in cash.

The last two companies, Lotus Flower LLC and Prince Tribute LLC, hold over $155,000 in cash.

The grand total of money left by Prince when he passed comes to $40,199,028.75.

This experience will cover courtship, sex, commitment, fetishes, loneliness, vindication, love, and hate.
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Reply #175 posted 02/02/18 2:50pm

laurarichardso
n

ISaidLifeIsJustAGame said:

The attorneys for SNJ have filed a Notice of Withdrawal of Counsel but no Substitution of Counsel which is odd.

The Judge has granted Omarr's Motion to Expand the Investigation to include the JOBU fiasco surrounding the Tribute Concert.


—I take it to mean the SNJ lawyers are throwing in towel because they will not be allowed to suck the estate dry. Old PRN must be sitting on a cloud laughing at how hard SNJ are going to have to work get his hard earned money.
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Reply #176 posted 02/02/18 3:47pm

PennyPurple

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1Sasha said:

You know that her husband - or is he the ex-husband now - lives with Renee Zellweger who is apparently supporting him. This came out in the divorce/custody papers. I was surprised, though, to see her listed as owing Prince.

eek Interesting.


Susannah could always live with her sister.

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Reply #177 posted 02/02/18 7:07pm

laurarichardso
n

PennyPurple said:



1Sasha said:


You know that her husband - or is he the ex-husband now - lives with Renee Zellweger who is apparently supporting him. This came out in the divorce/custody papers. I was surprised, though, to see her listed as owing Prince.



eek Interesting.




Susannah could always live with her sister.


Sometimes when people say live in the streets they mean in terms of losing your property not always literally. Does appear that Doyle ran off with Rene and tried to leave the responsibilities to Susannah.
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Reply #178 posted 02/03/18 2:35am

emby

Thoughts/knowledge of those sealed boxes labeled Prince Concert Tribute?
“Nobody wants to read my Prince think piece” https://medium.com/@mary_beaulieu
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Reply #179 posted 02/03/18 2:49am

udo

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emby said:

Thoughts/knowledge of those sealed boxes labeled Prince Concert Tribute?

.

One has a harddisk.

Hopefully they have backups.

Pills and thrills and daffodils will kill
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Forums > Prince: Music and More > The Estate Discussion - Part 12 - Continued