independent and unofficial
Prince fan community site
Sun 16th Jun 2019 1:47am
Welcome! Sign up or enter username and password to remember me
Forum jump
Forums > Prince: Music and More > Thieves in the Temple? Is Prince's Estate Plan Being Suppressed?
« Previous topic  Next topic »
Page 1 of 6 123456>
  New topic   Printable     (Log in to 'subscribe' to this topic)
Author

Tweet     Share

Message
Thread started 06/09/16 8:03pm

FlyOnTheWall

Thieves in the Temple? Is Prince's Estate Plan Being Suppressed?

If Prince really refused to draw up an estate plan--an assertion of which I am not convinced--Londell McMillan (and the whole army of lawyers P. retained over the years) should have been more forceful. Really, I think someone is guilty of malpractice. He/They should have told Prince the horror story of what would happen if he died with no estate plan:

  1. having the government grab over 50% of his estate, off the top;
  2. having Paisley Park potentially sold;
  3. inviting a huge money grab, resulting in a public spectacle;
  4. having the contents of the vault sold to Warner Brothers for a song, just to pay off taxes and debt;
  5. having the masters, for which he fought for many, many years, be sold to Warner Brothers for pennies on the dollar.

Did no one tell him that story about his entire life's work evaporating? Seriously? And he still refused to draw up an estate plan? Right. It just doesn't make sense, does it? Personally, I believe that Prince's estate plan is being suppressed. Something in the water does not compute.

  - E-mail - orgNote - Report post to moderator
Reply #1 posted 06/10/16 3:05am

Thizz

worthy discussion

  - E-mail - orgNote - Report post to moderator
Reply #2 posted 06/10/16 3:17am

Se7en

avatar

This might all be part of Prince's plan for all we know.

No wife, no kids, no parents. If he himself wasn't going to be here to enjoy his fortune, maybe he just didn't care what happened after he died?

I'm being serious too.
  - E-mail - orgNote - Report post to moderator
Reply #3 posted 06/10/16 3:26am

BartVanHemelen

avatar

FlyOnTheWall said:

If Prince really refused to draw up an estate plan--an assertion of which I am not convinced--Londell McMillan (and the whole army of lawyers P. retained over the years) should have been more forceful. Really, I think someone is guilty of malpractice. He/They should have told Prince the horror story of what would happen if he died with no estate plan:

  1. having the government grab over 50% of his estate, off the top;
  2. having Paisley Park potentially sold;
  3. inviting a huge money grab, resulting in a public spectacle;
  4. having the contents of the vault sold to Warner Brothers for a song, just to pay off taxes and debt;
  5. having the masters, for which he fought for many, many years, be sold to Warner Brothers for pennies on the dollar.

Did no one tell him that story about his entire life's work evaporating? Seriously? And he still refused to draw up an estate plan? Right. It just doesn't make sense, does it? Personally, I believe that Prince's estate plan is being suppressed.

[Edited 6/9/16 20:05pm]

[Edited 6/9/16 21:04pm]

.

Prince has a loooong history of stupid decisions.

© Bart Van Hemelen
This posting is provided AS IS with no warranties, and confers no rights.
It is not authorized by Prince or the NPG Music Club. You assume all risk for
your use. All rights reserved.
  - E-mail - orgNote - Report post to moderator
Reply #4 posted 06/10/16 3:43am

captiveunicorn

I agree with you. I'm so bewildered by this. I held out hope that once the cause of death/death certificate was issued that someone would step forward but now? Wow. It seems that Prince just keeps surprising me in his death.

I guess him not having a will is not so surprising - my 90 year old neighbour does not have a will eek - so why should a 57 year old man? Except for the fact that he had a multimillion dollar music empire that he fought desperately hard for, was notoriously private (creating a private trust would have kept his affairs secret), and a strong philanthropist - did he really not care who profited from his millions once he died??? I find it difficult to accept, like most things about his death sad
  - E-mail - orgNote - Report post to moderator
Reply #5 posted 06/10/16 4:07am

suomynona

avatar

OH YAY! YET ANOTHER THREAD ABOUT THE ESTATE!!! WOO HOO!!! THANK YOU!!!!!!!

  - E-mail - orgNote - Report post to moderator
Reply #6 posted 06/10/16 5:08am

mailaccount63

suomynona said:

OH YAY! YET ANOTHER THREAD ABOUT THE ESTATE!!! WOO HOO!!! THANK YOU!!!!!



I have requested the mods make a sticky: "The Estate". PLEASE!
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
Reply #7 posted 06/10/16 5:12am

mailaccount63

FlyOnTheWall said:

If Prince really refused to draw up an estate plan--an assertion of which I am not convinced--Londell McMillan (and the whole army of lawyers P. retained over the years) should have been more forceful. Really, I think someone is guilty of malpractice. He/They should have told Prince the horror story of what would happen if he died with no estate plan:


  1. having the government grab over 50% of his estate, off the top;

  2. having Paisley Park potentially sold;

  3. inviting a huge money grab, resulting in a public spectacle;

  4. having the contents of the vault sold to Warner Brothers for a song, just to pay off taxes and debt;

  5. having the masters, for which he fought for many, many years, be sold to Warner Brothers for pennies on the dollar.

Did no one tell him that story about his entire life's work evaporating? Seriously? And he still refused to draw up an estate plan? Right. It just doesn't make sense, does it? Personally, I believe that Prince's estate plan is being suppressed.



[Edited 6/9/16 20:05pm]

[Edited 6/9/16 21:04pm]



Everyone keeps underestimating how much PAIN this man was in. Have you ever broken a bone? Do you have arthritis? Have you ever had a joint replaced?

Do YOU, dear reader, have your Will done?!?
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
Reply #8 posted 06/10/16 5:47am

Heidi

avatar

mailaccount63 said:


Everyone keeps underestimating how much PAIN this man was in. Have you ever broken a bone? Do you have arthritis? Have you ever had a joint replaced? Do YOU, dear reader, have your Will done?!?

.

nod Thank you.

  - E-mail - orgNote - Report post to moderator
Reply #9 posted 06/10/16 5:54am

XxAxX

avatar

BartVanHemelen said:

FlyOnTheWall said:

If Prince really refused to draw up an estate plan--an assertion of which I am not convinced--Londell McMillan (and the whole army of lawyers P. retained over the years) should have been more forceful. Really, I think someone is guilty of malpractice. He/They should have told Prince the horror story of what would happen if he died with no estate plan:

  1. having the government grab over 50% of his estate, off the top;
  2. having Paisley Park potentially sold;
  3. inviting a huge money grab, resulting in a public spectacle;
  4. having the contents of the vault sold to Warner Brothers for a song, just to pay off taxes and debt;
  5. having the masters, for which he fought for many, many years, be sold to Warner Brothers for pennies on the dollar.

Did no one tell him that story about his entire life's work evaporating? Seriously? And he still refused to draw up an estate plan? Right. It just doesn't make sense, does it? Personally, I believe that Prince's estate plan is being suppressed.

[Edited 6/9/16 20:05pm]

[Edited 6/9/16 21:04pm]

.

Prince has a loooong history of stupid decisions.

.

no, he does not. his life was a huge success insofar as he accomplished what he set out to accomplish. yours is not a true statement.

.

here's a true statement: you have no standing to make a comment like that.

.

you know nothing about whether or not prince left a will/trust/estate plan. this thread is pure speculation yet here you are, tirelessly flogging the downside.

  - E-mail - orgNote - Report post to moderator
Reply #10 posted 06/10/16 6:00am

CAL3

suomynona said:

OH YAY! YET ANOTHER THREAD ABOUT THE ESTATE!!! WOO HOO!!! THANK YOU!!!!!!!

Say, are you familiar with the song "Estate" - if not, check out the version by Joao Gilberto. It's an absolutely beautiful song.

  - E-mail - orgNote - Report post to moderator
Reply #11 posted 06/10/16 6:01am

EnDoRpHn

BartVanHemelen said:


Prince has a loooong history of stupid decisions.


Tell us more, please. I've never heard you talk about this. eek
[Edited 6/10/16 11:50am]
[Edited 6/10/16 11:50am]
  - E-mail - orgNote - Report post to moderator
Reply #12 posted 06/10/16 6:04am

XxAxX

avatar

EnDoRpHn said:

BartVanHemelen said:

.

Prince has a loooong history of stupid decisions.

Tell us more, please. I've never heard you talk about this. eek

lol lol lol lol lol

  - E-mail - orgNote - Report post to moderator
Reply #13 posted 06/10/16 6:10am

keenly

U.S.A home of the slave.

You are free to do what the government tell you. Pay TAX ALL YOUR LIFE. Then they still take your shit after you die.

  - E-mail - orgNote - Report post to moderator
Reply #14 posted 06/10/16 6:11am

tmo1965

mailaccount63 said:

suomynona said:

OH YAY! YET ANOTHER THREAD ABOUT THE ESTATE!!! WOO HOO!!! THANK YOU!!!!!!!

I have requested the mods make a sticky: "The Estate". PLEASE!

yeahthat There will be a probate hearing on 6/27, all people claiming to be heirs have to submit their claims by today (6/10), DNA results should come out soon. So there will be a lot of news in the next few months about the estate.

  - E-mail - orgNote - Report post to moderator
Reply #15 posted 06/10/16 6:52am

FlyOnTheWall

BartVanHemelen said:

FlyOnTheWall said:

If Prince really refused to draw up an estate plan--an assertion of which I am not convinced--Londell McMillan (and the whole army of lawyers P. retained over the years) should have been more forceful. Really, I think someone is guilty of malpractice. He/They should have told Prince the horror story of what would happen if he died with no estate plan:

  1. having the government grab over 50% of his estate, off the top;
  2. having Paisley Park potentially sold;
  3. inviting a huge money grab, resulting in a public spectacle;
  4. having the contents of the vault sold to Warner Brothers for a song, just to pay off taxes and debt;
  5. having the masters, for which he fought for many, many years, be sold to Warner Brothers for pennies on the dollar.

Did no one tell him that story about his entire life's work evaporating? Seriously? And he still refused to draw up an estate plan? Right. It just doesn't make sense, does it? Personally, I believe that Prince's estate plan is being suppressed.

[Edited 6/9/16 20:05pm]

[Edited 6/9/16 21:04pm]

.

Prince has a loooong history of stupid decisions.

Prince was ANYTHING but stupid. Stupid people don't leave behind VAST estates, the likes of which we have never seen. With even a basic estate plan, over generations, Prince's fortune could be well worth upwards of a billion dollars. His philanthropy could have continued throughout perpetuity. His beautiful, beloved Paisley Park could be a self-sustaining MACHINE. The potential value of his vault, with all the unreleased music, films, and videos, is mind-boggling. Now, we're supposed to believe, after the LONG battle that he fought for his masters, he just left all that, with no plan.

I'm sorry, but I am not buying it. I think there needs to be an investigation and ALL of his lawyers need to be questioned, under oath. Something in the water does not compute.

[Edited 6/10/16 7:02am]

  - E-mail - orgNote - Report post to moderator
Reply #16 posted 06/10/16 6:59am

FlyOnTheWall

Se7en said:

This might all be part of Prince's plan for all we know. No wife, no kids, no parents. If he himself wasn't going to be here to enjoy his fortune, maybe he just didn't care what happened after he died? I'm being serious too.

Prince was very astute. Even if he didn't care about the money, he DID care about his legacy...and history. Why would he work like a dog for over four decades, only to have his life's work evaporate because of failure to plan? He could have ensured that Paisley Park--his shining INSTITUTION that he built with his blood, sweat, and tears--would survive forever and that his philanthropy would never end. I'll NEVER believe that he died with no estate plan. NEVER.

  - E-mail - orgNote - Report post to moderator
Reply #17 posted 06/10/16 7:00am

FlyOnTheWall

EnDoRpHn said:

BartVanHemelen said:

.

Prince has a loooong history of stupid decisions.

Tell us more, please. I've never heard you talk about this. eek

Prince was ANYTHING but stupid. Stupid people don't leave behind VAST estates, the likes of which we have never seen. With even a basic estate plan, over generations, Prince's fortune could be well worth upwards of a billion dollars. His philanthropy could have continued throughout perpetuity. His beautiful, beloved Paisley Park could be a self-sustaining MACHINE. The potential value of his vault, with all the unreleased music, films, and videos, is mind-boggling. Now, we're supposed to believe, after the LONG battle that he fought for his masters, he just left all that, with no plan.

I'm sorry, but I am not buying it. I think there needs to be an investigation and ALL of his lawyers need to be questioned, under oath. Something in the water does not compute.

  - E-mail - orgNote - Report post to moderator
Reply #18 posted 06/10/16 7:04am

FlyOnTheWall

Se7en said:

This might all be part of Prince's plan for all we know. No wife, no kids, no parents. If he himself wasn't going to be here to enjoy his fortune, maybe he just didn't care what happened after he died? I'm being serious too.

Prince was very astute. Even if he didn't care about the money, he DID care about his legacy...and history. Why would he work like a dog for over four decades, only to have his life's work evaporate because of failure to plan? He could have ensured that Paisley Park--his shining INSTITUTION that he built with his blood, sweat, and tears--would survive forever and that his philanthropy would never end. I'll NEVER believe that he died with no estate plan. NEVER.

  - E-mail - orgNote - Report post to moderator
Reply #19 posted 06/10/16 7:05am

XxAxX

avatar

FlyOnTheWall said:

EnDoRpHn said:

BartVanHemelen said: Tell us more, please. I've never heard you talk about this. eek

Prince was ANYTHING but stupid. Stupid people don't leave behind VAST estates, the likes of which we have never seen. With even a basic estate plan, over generations, Prince's fortune could be well worth upwards of a billion dollars. His philanthropy could have continued throughout perpetuity. His beautiful, beloved Paisley Park could be a self-sustaining MACHINE. The potential value of his vault, with all the unreleased music, films, and videos, is mind-boggling. Now, we're supposed to believe, after the LONG battle that he fought for his masters, he just left all that, with no plan.

I'm sorry, but I am not buying it. I think there needs to be an investigation and ALL of his lawyers need to be questioned, under oath. Something in the water does not compute.

i've worked in the legal industry for twenty years and suspect that prince retained the services of multiple attorneys in minneapolis. for hypothetical example, he might have had one law firm to handle immigration issues pertaining to his foreign born entertainers, like the twins. and maybe he hired another firm to do assess and reduce his commercial taxes and yet another law firm to address copyright/trademark issues. i wonder if one of those firms might now be defunct, yet has records of his estate plan. if i were handling the estate, i'd make a routine inquiry of all law firms here in minneapolis to see what they all have in their files, if any, pertaining to prince.

[Edited 6/10/16 7:20am]

  - E-mail - orgNote - Report post to moderator
Reply #20 posted 06/10/16 7:06am

leadline

avatar

His attorney could settle this once and for all, just come out and say whether he had one or not.

"You always get the dream that you deserve, from what you value the most" -Prince 2013
  - E-mail - orgNote - Report post to moderator
Reply #21 posted 06/10/16 7:12am

FlyOnTheWall

Heidi said:

mailaccount63 said:


Everyone keeps underestimating how much PAIN this man was in. Have you ever broken a bone? Do you have arthritis? Have you ever had a joint replaced? Do YOU, dear reader, have your Will done?!?

.

nod Thank you.

What does Prince's pain have to do with his lawyers doing their job?!!? I mean, the man had an ARMY of attorneys, and we're supposed to believe that not one of them could convince him to allow his legal and financial team to draw up an estate plan??? It's insane and I don't believe it for a second.

"Do I have a will?" you ask. How is that relevant? I don't have a BILLION $ estate.

  - E-mail - orgNote - Report post to moderator
Reply #22 posted 06/10/16 7:12am

FlyOnTheWall

Se7en said:

This might all be part of Prince's plan for all we know. No wife, no kids, no parents. If he himself wasn't going to be here to enjoy his fortune, maybe he just didn't care what happened after he died? I'm being serious too.

Prince was very astute. Even if he didn't care about the money, he DID care about his legacy...and history. Why would he work like a dog for over four decades, only to have his life's work evaporate because of failure to plan? He could have ensured that Paisley Park--his shining INSTITUTION that he built with his blood, sweat, and tears--would survive forever and that his philanthropy would never end. I'll NEVER believe that he died with no estate plan. NEVER.

  - E-mail - orgNote - Report post to moderator
Reply #23 posted 06/10/16 7:17am

FlyOnTheWall

XxAxX said:

FlyOnTheWall said:

Prince was ANYTHING but stupid. Stupid people don't leave behind VAST estates, the likes of which we have never seen. With even a basic estate plan, over generations, Prince's fortune could be well worth upwards of a billion dollars. His philanthropy could have continued throughout perpetuity. His beautiful, beloved Paisley Park could be a self-sustaining MACHINE. The potential value of his vault, with all the unreleased music, films, and videos, is mind-boggling. Now, we're supposed to believe, after the LONG battle that he fought for his masters, he just left all that, with no plan.

I'm sorry, but I am not buying it. I think there needs to be an investigation and ALL of his lawyers need to be questioned, under oath. Something in the water does not compute.

i've worked in the legal industry for twenty years and suspect that prince retained the services of multiple attorneys in minneapolis. for hypothetical example, he might have had one law firm to handle immigration issues pertaining to his foreign born entertainers, like the twins. and maybe he hired another firm to do assess and reduce his commercial taxes and yet another law firm to address copyright/trademark issues. i wonder if one of those firms might now be defunct, yet has records of his estate plan. if i were handling the estate, i'd make a routine inquiry of all law firms here in minneapolis to see what they all have in their files, if any, pertaining to prince.

Exactly, but I don't think his estate is motivated to do the search. As it stands presently, they stand to inherit VAST sums of money. I think the courts should conduct an investigation and subpoena EVERY attorney that he ever retained. There is something rotten in Denmark. I can smell it.

  - E-mail - orgNote - Report post to moderator
Reply #24 posted 06/10/16 7:18am

jaawwnn

avatar

I am surprised he doesn't have a will, there's certainly a chance it might have been suppressed, although I see no evidence of that. However, the biggest delusion in this thread is the original poster who seems to think that anyone could convince Prince of anything he didn't already believe in.

  - E-mail - orgNote - Report post to moderator
Reply #25 posted 06/10/16 7:19am

XxAxX

avatar

sorry for the edits; yes i think that prince left behind instructions of some kind, somewhere. a will can take many forms, and could even have been videotaped. imo that would have been more like prince

[Edited 6/10/16 7:21am]

  - E-mail - orgNote - Report post to moderator
Reply #26 posted 06/10/16 7:22am

FlyOnTheWall

leadline said:

His attorney could settle this once and for all, just come out and say whether he had one or not.

Right!!!! And just WHERE ARE THE ATTORNEYS????? Prince had an ARMY of lawyers!!!!!!! They are all RADIO SILENT. Why is that????

  - E-mail - orgNote - Report post to moderator
Reply #27 posted 06/10/16 7:27am

Genesia

avatar

FlyOnTheWall said:

Heidi said:

.

nod Thank you.

What does Prince's pain have to do with his lawyers doing their job?!!? I mean, the man had an ARMY of attorneys, and we're supposed to believe that not one of them could convince him to allow his legal and financial team to draw up an estate plan??? It's insane and I don't believe it for a second.

"Do I have a will?" you ask. How is that relevant? I don't have a BILLION $ estate.


We heard you already. Stop posting the same thing over and over. rolleyes

We don’t mourn artists because we knew them. We mourn them because they helped us know ourselves.
  - E-mail - orgNote - Report post to moderator
Reply #28 posted 06/10/16 7:30am

FlyOnTheWall

jaawwnn said:

I am surprised he doesn't have a will, there's certainly a chance it might have been suppressed, although I see no evidence of that. However, the biggest delusion in this thread is the original poster who seems to think that anyone could convince Prince of anything he didn't already believe in.

He believed in Paisley Park. He believed in giving. He believed in an artist owning his/her intellectual property. He believed in wills. The third verse of his song "Colonized Mind" is very telling.

Verse 3 "Colonized Mind

"Upload: a joint venture record deal
It's just another way 4 the man 2 steal
While he's sticking you with the bill
Download: the temporary acquisition of fleeting fame and fortune
Nothing 2 leave in ur will"

Does this sound like a man who couldn't be convinced to leave a will???? I. DON'T. THINK. SO.

  - E-mail - orgNote - Report post to moderator
Reply #29 posted 06/10/16 7:35am

jaawwnn

avatar

FlyOnTheWall said:

He believed in Paisley Park. He believed in giving. He believed in an artist owning his/her intellectual property. He believed in wills. The third verse of his song "Colonized Mind" is very telling.

Verse 3 "Colonized Mind

"Upload: a joint venture record deal
It's just another way 4 the man 2 steal
While he's sticking you with the bill
Download: the temporary acquisition of fleeting fame and fortune
Nothing 2 leave in ur will"

Does this sound like a man who couldn't be convinced to leave a will???? I. DON'T. THINK. SO.

mmm, fair point. He wasn't known for being easy to pin down or for being able to sit still or turn up for appointments that weren't about what he was into at that moment though. If he didn't think he was going to die any time soon I can't see someone convincing him to turn up for a dull meeting next wednesday at 9AM when he could be off jamming. The meetings can wait.

Actually, I'd speculate that this was evidence of him not having a terminal disease as a lot of us have theorized.

[Edited 6/10/16 7:37am]

  - E-mail - orgNote - Report post to moderator
Page 1 of 6 123456>
  New topic   Printable     (Log in to 'subscribe' to this topic)
« Previous topic  Next topic »
Forums > Prince: Music and More > Thieves in the Temple? Is Prince's Estate Plan Being Suppressed?