I have no doubt about the history of racial exploitation in land ownership. I don’t see this as an example of that. (I do not want to discuss my mother with you. Let’s just say it makes no sense for a 70+ year old woman to embark into real estate development if she does not want to. I fully advocate for her to sell this property, as business people do every day. I will not argue this with you, an internet stranger.)
- There is also a terrible history of racial exploitation in musical assets. Considering that’s where the value is in his estate (these land parcels are chump change) I think that’s where the efforts should fall. His musical assets, and his identity, are princes legacy and value. - Agree to disagree. Not interested in arguing over something silly just for the sake of arguing. - Laurarichardson said: It is a greed and stupidity stituation. Once again there is plenty of data to back up the racial explotation aspect of the lost of land and home onwership by African-Americans. People are only exploited when they allow their greed to let it happen. As far as your mom is concerned plenty of people could help her develop the property it is not that complicated. I am sure she will be provided all off the information she needs to make an informed decision and I am not so sure SNJ is receiving the information that is best. After all look who they have retained for their business advisor a person who needlessly caused 3 separate lawsuits so he could get a commission for himself. Stop ignoring the facts of past behavior and do not be so silly to think this past behavior is not going to continue with the music as well.
[Edited 2/27/18 4:52am] | |
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Agreed since you have not really read what I had to say. They are going to try and do the same stupic stuff with the music.
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I don't think the elder siblings have any emotional attachment to Prince and/or his possessions, including real estate. They do, however, have an emotional attachment to anything of his that could put money in their hands. The exploitation seems to be at the hands of their own advisors. SNJ have had no experience dealing in large sums of money, therefore - like many lottery winners - they do not know what to do first to make sure everything works out properly. IMO the smartest thing for the estate would be to divest itself of everything except for the work product. | |
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laurarichardson said: Agreed since you have not really read what I had to say. They are going to try and do the same stupic stuff with the music.
Really? What stupid stuff are they going to do with his music? Please enlighten us. Paisley Park is in your heart
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Prince could have mitigated these issues by having a proper, legally enforceable estate plan. I know that there’s a school of thought here that such plans are useless and he was playing 4d chess by not having one, but seriously, much of the concern about fraud, bad advice, squandering, etc. would have been lessened. Not eliminated, but lessened. - Rogifan said: laurarichardson said: Agreed since you have not really read what I had to say. They are going to try and do the same stupic stuff with the music.
Really? What stupid stuff are they going to do with his music? Please enlighten us. | |
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Try to sell it outright or at least their shares. This is the lottery to them I do not think they have intrest in running it as a business. Somebody will run it as a business it just will not be these 3.
You can also enlighten yourself if you read the court documents. | |
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Read about the JB and Ray Charles estates both have wills and trust. JB had a video will. Both estates are still not settled after a decade. It is called contesting.
If he did not put certain deals in place we would not of even had the PR remaster.
Remember the lawsuits and subsequent debt were generated by LM/SNJ. They are making it complicated.
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Sigh. I have (probably around the first you posted that same comment many moons ago). I know you feel wills are useless and Prince was outsmarting the system by not having one. You’ve said that many times — almost the same number of times you’ve fretted about the stupidity of his heirs and their lawyers who are left to their own devices with his life’s work and legacy. Not interested in arguing this one with tut either.
- laurarichardson said: Read about the JB and Ray Charles estates both have wills and trust. JB had a video will. Both estates are still not settled after a decade. It is called contesting.
If he did not put certain deals in place we would not of even had the PR remaster.
Remember the lawsuits and subsequent debt were generated by LM/SNJ. They are making it complicated.
[Edited 2/27/18 7:59am] | |
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Wills are great if your children or sibs are not idiots. Prince knew what he was dealing with when he dad died. I think he did the best he could with the time he had.
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I will once again state Comerica is not in the business of developing real estate on an Estate in Probate Court. It is the fiduciary duty of the Probate Estate to liquidate assets. The first items to be liquidated is always real estate.
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I never said it was there duty. The sibs are the ones pushing for it. SNJ wants the properties that Comerica is not selling but renting to Omarr and Tyka sold as well. [Edited 2/27/18 8:21am] | |
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You know what? Sell the properties currently being rented to family members. If they can swing a purchase, good. If not, sorry - you lose. There should be no sentimentality when it comes to settlement of the estate. | |
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Well it was decided by someone not to and they are hanging on to Paisley Park as well | |
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Wether we like it or not, the determined Heirs have a legal right to Prince's estate. It may not be what Prince wanted, but we will never know due to not having access to his emails or wishes. Comerica has a right to liquidate assets, make deals, etc to meet liabilities which include taxes on the Estate. Labeling the determined heirs greedy at this point is, in my opinion, unfair. It is their right to do with the assets as they seem pleased.If Prince's music is in commercials or movies, that it their decision. For all we know, they may be honoring his wishes. With that said, land that Prince never used is not harming his legacy. It seems that the things that meant the most, the music, PP, the PR house, videos are being held on to by the heirs.
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I dont think SNJ said they wanted the real estate sold that Tyka and Omarr were living in but said they wanted them to pay rent. Then SNJ said they wanted to rent an Estate home but by then all the remaining houses had been sold and none were left to rent to SNJ. | |
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He was alive for 57 years. That’s not enough time to get a legally sound will in place? laurarichardson said: Wills are great if your children or sibs are not idiots. Prince knew what he was dealing with when he dad died. I think he did the best he could with the time he had.
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There is a DNA request (Writ of Mamandus) for paternity testing of Ogeda Patrick filed in the court documents February 23rd. | |
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I tried a google search for S&S and Prince, the only thing I could find was back in the day, S&S bought the rights to the Sacrifice of Victor book (not sure that is it) and there was a company S&S that made a cocktail recipe, Lighter Shades of Purple. Could be wrong on that one too.
Edited, nevermind, S&S Design is who they are referncing. They had a claim against the estate back in August of 2017 (or around then). [Edited 2/27/18 10:46am] | |
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. That's cute! "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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. Or, maybe a nice, big Symbol maze!
"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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According to his two ex-wives he had wills when he was married to them. You need to keep up
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I believe they did some work on one of his tours and there was some sort of dispute over the invoice | |
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"Go placidly amid the noise and the haste, and remember what peace there may be in silence......." ~ DESIDERATA ~ Max Ehrmann | |
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I know, I'm wondering if it has the Estate's approval?
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laurarichardson said:
I never said it was there duty. The sibs are the ones pushing for it. SNJ wants the properties that Comerica is not selling but renting to Omarr and Tyka sold as well. [Edited 2/27/18 8:21am] Link to source please? Paisley Park is in your heart
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ISaidLifeIsJustAGame said: I will once again state Comerica is not in the business of developing real estate on an Estate in Probate Court. It is the fiduciary duty of the Probate Estate to liquidate assets. The first items to be liquidated is always real estate.
Is there something in the court documents that suggest or confirm the heirs were the ones pushing to sell the 5 parcels of land on Galpin? I saw a letter from a real estate advisor for Comerica saying there were no viable development options and it wasn’t in the financial interests of the estate to hold on to the land. My assumption is Comerica is just doing its job. Paisley Park is in your heart
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My pleasure. | |
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It was in the court docs when they were complaining about Comerica and wanted to have them removed. | |
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The property that is mentioned in this article below is zoned for development The reason to say the property is not suitable for development would be due to extreme stiuations such as contamination or historical preservation.
I would be doubtful about anyone saying no viable options exsist for any property.
http://www.swnewsmedia.com/chanhassen_villager/news/local/what-s-going-to-happen-in-mr-rogers-nelson-s/article_5154799f-fb45-574d-aa78-0b5dcfc5b4a6.html | |
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