PurpleBabied said:

PRNelson said:

Mumio said:

laurarichardson said:

jayspud said:

http://minnesota.cbslocal...t-be-sold/

Bremer confirm 'no plans to sell Paisley Park or the Purple Rain House'

Thanks for the article link jayspud.

I already own paisley park!

For it is always in my heart!

Militant said:

My vote right now says that Star Tribune are NOT to be trusted.

Since they are in a legal battle against Bremer Trust, trying to force the uncovering of private documents, why should we trust anything they have to say?

A headline such as "Paisley Park could go on sale" is meaningless anyway. Take away the fact that it's Paisley Park, which is the clickbait, and the headline would be "Property could go on sale". Well whoop-de-doo. You could have said that at any time since it was built. People who own or look after a property have the right to sell it if they want to. That's not news.

That affidavit simply says that they retain the right to sell it if they want to, and it lists the valuation of all of Prince's properties. They need to know the market valuation so they can figure out the total asset value. To ascertain the market value of the property they first have to have the permission to sell the property if they choose to. That's my take on it......

Anyway, Londell just tweeted that the story about it being sold is false.

All assets need to assessed for value so Uncle Sam can get his 40% cut.

morningsong said:

laurarichardson said:

-// This is from the Bank. http://minnesota.cbslocal...t-be-sold/

for now

laurarichardson said:

morningsong said:

for now

-- Well they stated in the court papers that PP was not going to be sold. They are going to see what they can get for the properties and see if they can do something with Paisley Park. At least we can stop saying TMZ is right all the time. They are a greasy tabloid trying to get clicks. I am not going to go into TMZ sports or the Hip-Hop. Trash sites that write nothing about sports or Hip/Hop. Just away to degrade people and that is exactly what the are trying to do with Prince.

Mkilpatrick74 said:

avajane said:

PurpleBabied said:

I'm beginning to think that Prince simply didn't give a shit about what happened after he passed. It boggles me, especially considering his artistic legacy, but it must be true, since nobody's turned up a will of any vintage or any directives.

Are u kidding me? We're talking Prince here. If anything, this just supports my belief that he had no idea that he would die so suddenly.

Nobody has any idea they'd die suddenly, especially if they're healthy.

But many responsible people get wills when they realize they're going to have children. This is why I think he didn't give a shit, because if nothing there should be an old will lying around dated to 1996, especially given that Mayte was pregnant and he overdosed during her pregnancy.

My parents have wildly out of date wills dictating a trust and who would've taken care of us had they died while we were still minors.

I don't have a will, because I'm healthy AFAIK, people in my family live well past my age and I have no real assets or family members who depend on me. But the minute any of that changes, I'm getting a will.

Mkilpatrick74 said:

PurpleBabied said:

http://hosted.ap.org/dynamic/stories/U/US_PRINCE_ESTATE?SITE=WNYC&SECTION=HOME&TEMPLATE=DEFAULT

The Associated Press is reporting that Bremer Trust has issued a statement today that it "has no plans to sell" Paisley Park.

morningsong said:

People must have went ballistic. Everybody's issuing statements. No, no, no, PP is NOT being sold, now get off us.

Lol, it was Bremer's trust officer that put out the affidavit listing the properties to be sold and now they act like people are all upset about nothing. With statements on the affidavit like this:

"...I make this affidavit in support of the Special Administrator’s request for advance approval to list and sell various real estate holdings of the Estate for at least ninety percent (90%) of the appraised fair market value".

And this:

"The properties that the Special Administrator is currently anticipating will be sold,
and the appraised value of same, are listed in spreadsheet attached as Exhibit A".

And then listing 7801 Audubon Road, Paisley Park, in Exhibit A...well, what exactly did they think the reaction would be, right?

They created the shit-storm themselves. Who couldn't predict people were gonna go nuts over it?

[Edited 8/7/16 18:56pm]

[Edited 8/7/16 18:57pm]

icequeen78 said:

I support the notion that he didn't give a shit about what happened after death.. all these things are earthly possessions .. as they say.. shrouds don't have pickets..let the living sort it out

You can't take it with you...

Good news!

--

Prince estate administrator denies plan to sell Paisley Park: http://www.usatoday.com/s...88374400/.

--

But on Saturday, Bremer Trust issued a brief statement saying: "Bremer Trust, the special administrator for the Prince Rogers Nelson estate, has no plans to sell either Paisley Park or the property referred to as the "Purple Rain" house." That Minneapolis house was filmed in Prince's 1984 movie.

Mumio said:

YaThink said:

Mumio said:

Lol, it was Bremer's trust officer that put out the affidavit listing the properties to be sold and now they act like people are all upset about nothing. With statements on the affidavit like this:

"...I make this affidavit in support of the Special Administrator’s request for advance approval to list and sell various real estate holdings of the Estate for at least ninety percent (90%) of the appraised fair market value".

And this:

"The properties that the Special Administrator is currently anticipating will be sold,
and the appraised value of same, are listed in spreadsheet attached as Exhibit A".

And then listing 7801 Audubon Road, Paisley Park, in Exhibit A...well, what exactly did they think the reaction would be, right?

They created the shit-storm themselves. Who couldn't predict people were gonna go nuts over it?

[Edited 8/7/16 18:56pm]

[Edited 8/7/16 18:57pm]

Exactly.

Not really the origianl court documents said Paisly Park would not be sold. I believe that the spreadsheet was just a total of what all of the properties were valued at and that somone forgot to take PP off the spreadsheet. You also notice that the Turks and Cacios house is listed with no value attached at all making me think they have not assessed the vaule of that property. Seems like a clerical error. Like I have said before the media is out to be negative. No one points out in the media that he had a wonderful portfolio of properties and made some smart decisions with his real estate investments.

I was surprised that Prince did not own property in France. I always heard rumors he did. I am not concerned a bit that Paisley Park will be sold. I can see when heirs are determined, there may be a deal with investors, but I do not see the family selling it, no matter their age.

I was pessismistic with Tyka at the beginning. I am starting to get a vibe she may be honestly trying to run things as she believes Prince may have wanted it and with good intentions.

Tyka has a lot to deal with. This is extremely complex. This will take more than 6 months to work out. Once the heirs are determined, things will speed up. Bremer can not make contracts that exceed 6 months (November) without court and family approval. This kind of limits them on deals and releases.

I am sure the family members and Kirk are concerned as the houses they are living in may be on the list of properties and will not have to either buy the homes or find new homes. My heart goes out to them for that.

nelcp777 said:

I was surprised that Prince did not own property in France. I always heard rumors he did. I am not concerned a bit that Paisley Park will be sold. I can see when heirs are determined, there may be a deal with investors, but I do not see the family selling it, no matter their age.

I was pessismistic with Tyka at the beginning. I am starting to get a vibe she may be honestly trying to run things as she believes Prince may have wanted it and with good intentions.

Tyka has a lot to deal with. This is extremely complex. This will take more than 6 months to work out. Once the heirs are determined, things will speed up. Bremer can not make contracts that exceed 6 months (November) without court and family approval. This kind of limits them on deals and releases.

I am sure the family members and Kirk are concerned as the houses they are living in may be on the list of properties and will not have to either buy the homes or find new homes. My heart goes out to them for that.

I was pondering that too! What will become of them if they don't have the funds to buy the properties themselves? Is there anything that can be done in law to protect them?

nelcp777 said:

Dibblekins said:

nelcp777 said:

I was surprised that Prince did not own property in France. I always heard rumors he did. I am not concerned a bit that Paisley Park will be sold. I can see when heirs are determined, there may be a deal with investors, but I do not see the family selling it, no matter their age.

I was pessismistic with Tyka at the beginning. I am starting to get a vibe she may be honestly trying to run things as she believes Prince may have wanted it and with good intentions.

Tyka has a lot to deal with. This is extremely complex. This will take more than 6 months to work out. Once the heirs are determined, things will speed up. Bremer can not make contracts that exceed 6 months (November) without court and family approval. This kind of limits them on deals and releases.

I am sure the family members and Kirk are concerned as the houses they are living in may be on the list of properties and will not have to either buy the homes or find new homes. My heart goes out to them for that.

I was pondering that too! What will become of them if they don't have the funds to buy the properties themselves? Is there anything that can be done in law to protect them?

I don't know what the law states, but it would be wrong to sell the houses that Kirk and Prince's relatives are living in. I think that those particular properties should be transferred over to the person who is living in them.

tmo1965 said:

Dibblekins said:

I was pondering that too! What will become of them if they don't have the funds to buy the properties themselves? Is there anything that can be done in law to protect them?

I don't know what the law states, but it would be wrong to sell the houses that Kirk and Prince's relatives are living in. I think that those particular properties should be transferred over to the person who is living in them.

The houses can be transferred to them...if they pay the Estate for them. Its not fair for Kirk to get a free house when the proceeds should go to the Estate.

It seems the lawyers list of P's properties is not a full listing of all he owned, just those the lawyers were proposing to sell. The affadavit wording incidates this and never states it is everything he owned. Tyka's residence ( as she listed on estate docs) is not on this list, and it's owned by Prince according to public records. Possibly there are other properties not on the list that are the homes of other family members etc.

ISaidLifeIsJustAGame said:

tmo1965 said:

I don't know what the law states, but it would be wrong to sell the houses that Kirk and Prince's relatives are living in. I think that those particular properties should be transferred over to the person who is living in them.

The houses can be transferred to them...if they pay the Estate for them. Its not fair for Kirk to get a free house when the proceeds should go to the Estate.

ISaidLifeIsJustAGame said:

tmo1965 said:

I don't know what the law states, but it would be wrong to sell the houses that Kirk and Prince's relatives are living in. I think that those particular properties should be transferred over to the person who is living in them.

The houses can be transferred to them...if they pay the Estate for them. Its not fair for Kirk to get a free house when the proceeds should go to the Estate.

The current occupants may get the first crack at buying them or maybe they can work something out to be renters. The heirs members will have money coming to them and certainly can buy homes.

ISaidLifeIsJustAGame said:

tmo1965 said:

I don't know what the law states, but it would be wrong to sell the houses that Kirk and Prince's relatives are living in. I think that those particular properties should be transferred over to the person who is living in them.

The houses can be transferred to them...if they pay the Estate for them. Its not fair for Kirk to get a free house when the proceeds should go to the Estate.

I guess if P had cared about where 'non heirs' lived after his death, he'd have made a will saying so...

What happened to all the legal beagles that were around here, they mostly vanished?