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Thread started 08/01/16 3:51pm

HAPPYPERSON

Money Does Matter 2Nite; PRINCE’s Estate Legal Bills Reach Almost $2 Million; Properties To Be Sold

http://www.drfunkenberry....o-be-sold/








Through June 30th, PRINCE's estate legal bills have reached almost $2 million dollars.



According to the associated press, Bremer Trust, the special administrator put in charge of Prince's estate, is requesting permission to pay several law firms for work on the estate, the most belonging to Stinson Leonard Street, which totals $1.9 million by themselves. Other firms push it closer to that $2 million mark.
The fees were spelled out in a document made public Monday. Bremer Trust also asked the court handling Prince's estate to approve its own fees - but filed those amounts under seal.
Another document shows Bremer is requesting permission to list some of Prince's properties for sale. This does NOT include Paisley Park but properties and land he owned in Minnesota, Los Angeles, and other places.
In separate documents filed last week, it seems it is down to 6 people along with Tyka Nelson, Prince's sister, for genetic testing at this time

Also, in documents sent via text to DrFunkenberry.com, Bremer Trust is looking to extend music licensing agreements past the November 1st, 2016 deadline. Right now, they could approve music to be used in the $100,00-$500,000 rang and need more approval for licensing past the $1 million mark. The reasoning for them to be able to get quick approval on these things is for the amount of legal bills as well as the family being paid as they were while Prince was alive along with what will be taken by the IRS.-DocFB

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Reply #1 posted 08/01/16 3:55pm

nursev

Truly sad...money just wasted due to having no will.

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Reply #2 posted 08/01/16 3:57pm

feeluupp

ALREADY POSTED IN ESTATE STICKY.

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Reply #3 posted 08/01/16 3:58pm

XxAxX

avatar

confused attorneys will be billing the HECK out of their time this file, necessary or not. poor prince. poor heirs...

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Reply #4 posted 08/01/16 3:58pm

nursev

XxAxX said:

confused attorneys will be billing the HECK out of their time this file, necessary or not. poor prince. poor heirs...

indeed

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Reply #5 posted 08/01/16 4:02pm

selah
The estate sticky already discusses this article and the no will situation.
It's quite an interesting and informative read..
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Reply #6 posted 08/01/16 4:42pm

3rdeyedude

avatar

Good to see Funkenberry back posting on his website. I bet this was tough for him too.

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Reply #7 posted 08/01/16 4:49pm

anangellooksdo
wn
I'm impressed that Prince took care of his family financially.
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Reply #8 posted 08/01/16 4:59pm

babynoz

Why would anybody need to fax docs to funkenberry? Didn't he read the pleadings on the docket like anybody else can do?

Prince, in you I found a kindred spirit...Rest In Paradise.
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Reply #9 posted 08/01/16 5:01pm

babynoz

anangellooksdown said:

I'm impressed that Prince took care of his family financially.



I can't figure out why most of your comments seem to be the opposite of what's actually happened? Right now the only people being taken care of are attorneys. hmm

Prince, in you I found a kindred spirit...Rest In Paradise.
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Reply #10 posted 08/01/16 5:08pm

babynoz

nursev said:

Truly sad...money just wasted due to having no will.



Gatekeepers that he spent a large portion of his adult life fighting against will end up with the lion's share of his wealth......I can't even. sad

Prince, in you I found a kindred spirit...Rest In Paradise.
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Reply #11 posted 08/01/16 5:14pm

laurarichardso
n

babynoz said:



anangellooksdown said:


I'm impressed that Prince took care of his family financially.



I can't figure out why most of your comments seem to be the opposite of what's actually happened? Right now the only people being taken care of are attorneys. hmm


-/ No even if Prince had a will and left these properties to his family members that would have had the option to sell the properties. Attorneys and real estate agents would be involved and yes they would all get paid. Yes, people no one works for free. The expense to maintain these properties would far outweigh whatever bills come from the attorneys better to sell them then to lose them in a tax sale. If there are 30 properties in Carver county and others in the U.S I am sure there will enough to pay the fees. I just was just in this same stiuation in my family it is worth it to spend the money to unload it.
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Reply #12 posted 08/01/16 5:17pm

laurarichardso
n

babynoz said:



anangellooksdown said:


I'm impressed that Prince took care of his family financially.



I can't figure out why most of your comments seem to be the opposite of what's actually happened? Right now the only people being taken care of are attorneys. hmm


-- You do realize that his family will getting money from the sale? Prince took care of them his whole life why would he not want them to have any proceeds.
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Reply #13 posted 08/01/16 5:21pm

YaThink
Don't believe everything you read.
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Reply #14 posted 08/01/16 5:21pm

YaThink

babynoz said:

Why would anybody need to fax docs to funkenberry? Didn't he read the pleadings on the docket like anybody else can do?




This.
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Reply #15 posted 08/01/16 5:23pm

YaThink

laurarichardson said:

babynoz said:



anangellooksdown said:


I'm impressed that Prince took care of his family financially.



I can't figure out why most of your comments seem to be the opposite of what's actually happened? Right now the only people being taken care of are attorneys. hmm


-- You do realize that his family will getting money from the sale? Prince took care of them his whole life why would he not want them to have any proceeds.


False
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Reply #16 posted 08/01/16 5:27pm

babynoz

laurarichardson said:

babynoz said:



I can't figure out why most of your comments seem to be the opposite of what's actually happened? Right now the only people being taken care of are attorneys. hmm

-/ No even if Prince had a will and left these properties to his family members that would have had the option to sell the properties. Attorneys and real estate agents would be involved and yes they would all get paid. Yes, people no one works for free. The expense to maintain these properties would far outweigh whatever bills come from the attorneys better to sell them then to lose them in a tax sale. If there are 30 properties in Carver county and others in the U.S I am sure there will enough to pay the fees. I just was just in this same stiuation in my family it is worth it to spend the money to unload it.



I have no problem with any of that because it ain't my money or my business whether it's your family or Prince's. I'm specifically addressing angel and why she is impressed since she did not elaborate on what she bases being impressed on, nothing else, that's why I said right now. Hopefully she will respond herself.

I'm not down with OPP so I have avoided most of the discussion of the estate and will continue to do so.

Prince, in you I found a kindred spirit...Rest In Paradise.
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Reply #17 posted 08/01/16 5:31pm

babynoz

YaThink said:

laurarichardson said:
-- You do realize that his family will getting money from the sale? Prince took care of them his whole life why would he not want them to have any proceeds.
False


Thank you.... highfive


I've spent most of my adult life working in courtrooms, but what do I know? I'm just gonna go back to letting the know-it-alls have their fun. lol

Prince, in you I found a kindred spirit...Rest In Paradise.
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Reply #18 posted 08/01/16 5:35pm

laurarichardso
n

YaThink said:

laurarichardson said:


-- You do realize that his family will getting money from the sale? Prince took care of them his whole life why would he not want them to have any proceeds.


False

-- Yes because their will be no profit what so ever from the properties. 😳In the court docs they are looking to sell for not less than 90% of the value so they are not giving it away. I thank Jesus some of you are not making decisions. They family simply cannot afford to run real estate businees.
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Reply #19 posted 08/01/16 5:36pm

YaThink

babynoz said:



YaThink said:


laurarichardson said:
-- You do realize that his family will getting money from the sale? Prince took care of them his whole life why would he not want them to have any proceeds.

False


Thank you.... highfive


I've spent most of my adult life working in courtrooms, but what do I know? I'm just gonna go back to letting the know-it-alls have their fun. lol



You're welcome

:)
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Reply #20 posted 08/01/16 5:38pm

YaThink

laurarichardson said:

YaThink said:



False

-- Yes because their will be no profit what so ever from the properties. 😳In the court docs they are looking to sell for not less than 90% of the value so they are not giving it away. I thank Jesus some of you are not making decisions. They family simply cannot afford to run real estate businees.


One last time.
The family is NOT making any money from the selling of Prince's properties. Not a cent.
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Reply #21 posted 08/01/16 5:40pm

laurarichardso
n

babynoz said:



YaThink said:


laurarichardson said:
-- You do realize that his family will getting money from the sale? Prince took care of them his whole life why would he not want them to have any proceeds.

False


Thank you.... highfive


I've spent most of my adult life working in courtrooms, but what do I know? I'm just gonna go back to letting the know-it-alls have their fun. lol


-/ Does that mean you have worked in Real Estate? Please do not go on about taxes everybody has to pay them. What would you have then do lose the properties when they cannot pay the property taxes or maintain the property to code. You realize some of these are residential properties. I own property there are expenses. They are doing the right thing.
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Reply #22 posted 08/01/16 5:42pm

laurarichardso
n

YaThink said:

laurarichardson said:


-- Yes because their will be no profit what so ever from the properties. 😳In the court docs they are looking to sell for not less than 90% of the value so they are not giving it away. I thank Jesus some of you are not making decisions. They family simply cannot afford to run real estate businees.


One last time.
The family is NOT making any money from the selling of Prince's properties. Not a cent.

-/ So fucking what.Once again would it be better to lose the in a tax sale? Can they afford to maintain them? Do they want to keep them? Try answering a question instead of repeating the same thing over and over again.
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Reply #23 posted 08/01/16 5:44pm

YaThink

laurarichardson said:

YaThink said:



One last time.
The family is NOT making any money from the selling of Prince's properties. Not a cent.

-/ So fucking what.Once again would it be better to lose the in a tax sale? Can they afford to maintain them? Do they want to keep them? Try answering a question instead of repeating the same thing over and over again.


Zzzzzz.
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Reply #24 posted 08/01/16 5:45pm

laurarichardso
n

babynoz said:



laurarichardson said:


babynoz said:




I can't figure out why most of your comments seem to be the opposite of what's actually happened? Right now the only people being taken care of are attorneys. hmm



-/ No even if Prince had a will and left these properties to his family members that would have had the option to sell the properties. Attorneys and real estate agents would be involved and yes they would all get paid. Yes, people no one works for free. The expense to maintain these properties would far outweigh whatever bills come from the attorneys better to sell them then to lose them in a tax sale. If there are 30 properties in Carver county and others in the U.S I am sure there will enough to pay the fees. I just was just in this same stiuation in my family it is worth it to spend the money to unload it.



I have no problem with any of that because it ain't my money or my business whether it's your family or Prince's. I'm specifically addressing angel and why she is impressed since she did not elaborate on what she bases being impressed on, nothing else, that's why I said right now. Hopefully she will respond herself.

I'm not down with OPP so I have avoided most of the discussion of the estate and will continue to do so.


- You can't figure out why it is good thing that he had property? 😳
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Reply #25 posted 08/01/16 5:46pm

laurarichardso
n

YaThink said:

laurarichardson said:


-/ So fucking what.Once again would it be better to lose the in a tax sale? Can they afford to maintain them? Do they want to keep them? Try answering a question instead of repeating the same thing over and over again.


Zzzzzz.

/// Exactly the response I expected.
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Reply #26 posted 08/01/16 6:38pm

NinaB

avatar

babynoz said:



nursev said:


Truly sad...money just wasted due to having no will.





Gatekeepers that he spent a large portion of his adult life fighting against will end up with the lion's share of his wealth.....I can't even. sad


sigh
"We just let people talk & say whatever they want 2 say. 9 times out of 10, trust me, what's out there now, I wouldn't give nary one of these folks the time of day. That's why I don't say anything back, because there's so much that's wrong" - P, Dec '15
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Reply #27 posted 08/01/16 6:41pm

Empress

nursev said:

Truly sad...money just wasted due to having no will.



Yep - nod Very sad they have to go through all of this.
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Reply #28 posted 08/01/16 7:22pm

luv4u

Moderator

avatar

moderator

Post over here on the estate thread http://prince.org/msg/7/429559

lock

canada

Ohh purple joy oh purple bliss oh purple rapture!
REAL MUSIC by REAL MUSICIANS - Prince
"I kind of wish there was a reason for Prince to make the site crash more" ~~ Ben
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