Dude, Prince had a giant estate, with tons of assets to sort through. So what's the first thing Bremer Trust does? They drill open a climate-controlled vault filled with precious artifacts prone to deterioration. Couldn't they wait, say, a little more than a week after he died, and hire a safecracker moonlighting from the FBI? They acted like they just discovered Tut's tomb, they couldn't wait to get in there. If Paisley Park gets the Graceland treatment, they just destroyed one of the main attractions.

mtlfan said:

And if there had been a will in there?

Of course they had to open it to know exactly where they stood... no good them taking over the estate and divvying everything out and then three years later they decide to finally open the Vault and they find specific instructions from the man himself as to how everything should be handled...

They would have been dumb - and unprofessional - not to open up everything.... it'd be like not going through the man's accounting filing cabinet... saying 'we don't want to disturb that so soon after his demise', we'll come back to it later, and then ploughing without having all the information.

The fact of the matter is ,No one on this site knows whats going on with the Vault. lets see what happens when we know for sure. Its complete speculation and guess work until then.

mtlfan said:

While I understand Prince would have wanted the gala to go on, there are factors now that Bremer HAS to take into consideration that are going to lead to unpopular decisions. But as the temporary Executor, decisions they make now can have long lasting consequences, so they have to control things in ways Prince wouldn't not have to have worried about if he were still here. A gala like that, while being held for charitable and worthy cause, can draw ANYONE to the place. And even with spending money on tight security, how are you really going to control those with less than good intentions from sneaking and taking and selling pictures of Paisley Park to headlines of "the first look inside Paisley Park since Prince died! This was taken X number of feet away from the elevator where he died!" Or those who try and sell pictures to the headlines of "EXCLUSIVE! Is this THE Vault?" These possibilities are the last things Bremer needs to deal with right now. There are so many security concerns to have a public event at PP right now, IMO, that I feel they made the difficult but right decision. I understand the employees at PP not wanting to cancel it because they want to do what Prince would want and not be the bad guys here. But sadly, the reality is, it is about what is best for Prince's estate and legacy than what Prince would have done. To me, Paisley Park needs to be re-evaluated and "prepared" for future events to be held there, and that is going to take time.

Without a will, Bremer HAS to be the bad guy for now and I don't envy that position because they are in the "can't win" club. But I think this was ultimately the right call, though I do think the organization and/or the Bank should have made this decision way before 5pm on Friday. Once Prince died, with respect to the theatre, I would have had a plan B set up for the gala's venue the very next day. Just my honest opinion.

As for them letting Shonda Rimes use his music in 2 of her shows this past week, he had allowed her to use "Controversy" in Scandal before, so that doesn't raise alarms for me that they are looking to sell out Prince already.

I know it is unlikely, but I do pray they find some kind of will.

Prince's legacy is irrelevant. The Bremer peeps have a job to do. Prince did not respect his legacy by either not leaving a will or making it incredibly hard to find. It isn't their job to care about his legacy, it's their job to take care of business will the courts figure out who gets the loot. They are temporarily in charge and they are not compelled by anyone to consider Prince's legacy. Are they getting paid to do so? Get serious, peeps. They are legally bound to take care of his assets just like they anyone else in this situation. Why would they know or care about someone's legacy?

steakfinger said:

I certainly have more faith in Bremer handling things than I would anyone else, including any so-called family members.

As to Mixed Blood's event being canceled, similar to what someone else said, "I'm sorry Prince's death interferes with your soiree... get over it. It's not about you. Assets have to be inventoried AND protected.

steakfinger said:

Prince's legacy is irrelevant. The Bremer peeps have a job to do. Prince did not respect his legacy by either not leaving a will or making it incredibly hard to find. It isn't their job to care about his legacy, it's their job to take care of business will the courts figure out who gets the loot. They are temporarily in charge and they are not compelled by anyone to consider Prince's legacy. Are they getting paid to do so? Get serious, peeps. They are legally bound to take care of his assets just like they anyone else in this situation. Why would they know or care about someone's legacy?

Well, his legacy isn't irrelevant considering it's his most valuable asset. The net worth of the vault is arguably ten times more valuable than his current estate. I would assume they are handling this the best way they see fit.

PurpleMusic07 said:

If Prince cared about his own legacy and how his estate would have been handled after his death then he would have left instructions so maybe he didnt care. And if this was just shortsighted negligence then however unfortunate whatever happens moving forward is his own damn fault.

It is my impression that Prince was in too much pain to even consider estate planning.

mtlfan said:

Dude, Prince had a giant estate, with tons of assets to sort through. So what's the first thing Bremer Trust does? They drill open a climate-controlled vault filled with precious artifacts prone to deterioration. Couldn't they wait, say, a little more than a week after he died, and hire a safecracker moonlighting from the FBI? They acted like they just discovered Tut's tomb, they couldn't wait to get in there. If Paisley Park gets the Graceland treatment, they just destroyed one of the main attractions.

They are trying to locate a Will.

donnyenglish said:

Cancelling the Mixed Blood fundraiser clearly goes against his wishes and the wishes of his family. I understand that Bremer Trust has a duty to secure his assets especially in light of some of the uncertainty regarding his estate, but what happens with his assets has to be more than just a financial calculation. This is what he wanted. This is what his family wanted. I hope that someone other than a financial institution ends up in control. Bremer is off to a bad start.

Bremer Trust has to follow probate law. And they have to make every attempt to locate a Will. When I was employed as a freelance probate paralegal, if the deceased had a safety deposit box or a safe, then 99% of the time that was where their Will was located. Bremer Trust has to make every attempt to locate a Will, and prove to the Court that they have done so. The next step is the Inventory. Bremer Trust has to "inventory" everything in Prince's Estate. That means they need to list (detailed list) each and every item that Prince owned. And they also need to get a value for each item. The Inventory step could take quite some time. It will depend on how detailed Prince was. Who did Prince's tax returns? Did Prince have a CPA? A bookkeeper? An attorney? Who did Prince's tax returns? The more organized the Estate is, the faster this step will go. If Prince was not organized, it could take some time.

[Edited 5/8/16 14:54pm]

[Edited 5/8/16 15:56pm]

mtlfan said:

Dude, Prince had a giant estate, with tons of assets to sort through. So what's the first thing Bremer Trust does? They drill open a climate-controlled vault filled with precious artifacts prone to deterioration. Couldn't they wait, say, a little more than a week after he died, and hire a safecracker moonlighting from the FBI? They acted like they just discovered Tut's tomb, they couldn't wait to get in there. If Paisley Park gets the Graceland treatment, they just destroyed one of the main attractions.

I imagine they were looking for a will.

donnyenglish said:

Cancelling the Mixed Blood fundraiser clearly goes against his wishes and the wishes of his family. I understand that Bremer Trust has a duty to secure his assets especially in light of some of the uncertainty regarding his estate, but what happens with his assets has to be more than just a financial calculation. This is what he wanted. This is what his family wanted. I hope that someone other than a financial institution ends up in control. Bremer is off to a bad start.

If Prince had any concern with reagrd to how his affairs / estate was to be handled after his death, then he should have left a will. He didn't to any one's knowledge. That being said, nobody has a right to complain about how is legacy is not being respected. Managing an estate in the aftermath of one's death can be a complicated affair even when there is a will. Imagine the scenario with no will and estate valued at 1,000 times that of your average person.

mailaccount63 said:

PurpleMusic07 said:

mailaccount63 said:

It is my impression that Prince was in too much pain to even consider estate planning.

Prince had all of the 80s (lets start counting post Purple Rain). Prince had all of the 90s. He had a good portion of the 2gs. I love him and his work, but Im not making any excuses for that kind of oversight. You dont wait until shit hits the fan to work on a will, not when youre that well off. Not when you have so much at stake in valuable assets. he fucked up big time. Someone who fought so much for control in all areas professionally, yet doesnt have a will. Maybe the future of his estate was not important to him. Alright I can accept that. it doesnt completely make sense, but I can accept it.

Precisely. I love Prince as well but he had a good 30 years to work this out. I'm 37 and I took care of this before I even graduated from college in my early 20s when I could ill afford to. Even if he didn't personally care about his estate or his music / legacy, if he had any concern for his family and those who end up managing the details he would have left a will. Simply put, it's the caring thing to do.

GirlBrother said:

Well, it seems that Tyka is carrying-on the family tradition. https://www.instagram.com...KjJVHsm6n/ [img:$uid]http://i.imgur.com/7r6pOli.jpeg[/img:$uid]

Well...glad she is focused enough to do it

nursev said:

My bad. I know Prince was a busy guy, but it amazes me, after all his legal wrangles, that nobody on his team said, you know, Prince, you're megarich and you're in your fifties now, a will should be among your top business priorities. Or maybe they did and Prince left it in code, like, "scramble up all the second lines of my song choruses and it's obvious, the little red corvette goes to Anna Stesia, the doves go to Dorothy Parker..."