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.

worthy discussion

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.

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

suomynona said:

FlyOnTheWall 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?!?

.

Thank you.

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.

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.

BartVanHemelen said:

EnDoRpHn said:

BartVanHemelen said:

.

Prince has a loooong history of stupid decisions.

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

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.

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!

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.

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]

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.

EnDoRpHn said:

BartVanHemelen said:

.

Prince has a loooong history of stupid decisions.

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

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.

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.

FlyOnTheWall said:

EnDoRpHn said:

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

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]

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

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?!?

.

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.

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.

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.

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.

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]

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????

FlyOnTheWall said:

Heidi said:

.

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.

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.

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]