ISaidLifeIsJustAGame said:

nelcp777 said:

ISaidLifeIsJustAGame said:

P's estate is a complicated legal matter.

There are issues that have never been addressed in a probate estate case before.

The amount of attorney fees includes the folllowing services:

1. Copyright infringement and lawsuit with Tidal;

2. Copyright litigation that began before P's death (including the lawsuit in Italy against P);

3. Copyright litigation in Florida against P;

4. Divorce records litigation;

5. Heirship claims and issues;

6. Appellate court briefs;

7. The organization and opening of PP Museum;

8. Addressing motions by the media to intervene;

9. Addressing every motion, pleading filed (there have been over 700);

10. Communication and negotiation with potential heirs;

11. Official tribute concert;

12. Entertainment issues and monetization of the Estate;

13. Master-use license requests;

14. Royalty statements and collection fees both US and foreign;

15. Intellectual property protection and enforcement;

16. Real estate issues;

17. Rodney Dixon's claim which took up a lot of time doing research, and responding to his claim, etc.;

18. Prep of the estate tax return;

19. The amount of attorney fees the Estate paid is also for all potential heir attorney fees;

20. There is over $34k in just expenses;

21. The list goes on......

Thanks for putting this into perspective for me. Man, that is a lot of work. Since a valuation has been put on the Estate, does that mean that Inventory will be released or can the Court seal that?

The valuation was not done by the Estate. It was done by the media on the basis of attorney fees expended.

There is a fee schedule in Minnesota Probate Courts:

1st Mil = 2.0%

Next 4 Mil = 1.5%

Next 5 Mil = 1.0%

Over 10 Mil = .5%

In addition to hourly fees for excessive, unusual or complex administration.

ISaidLifeIsJustAGame said:

udo said:

.

So we see over 10% of that 25+M USD in legal costs?!

That is a large chunk.

P's estate is a complicated legal matter.

There are issues that have never been addressed in a probate estate case before.

The amount of attorney fees includes the folllowing services:

1. Copyright infringement and lawsuit with Tidal;

2. Copyright litigation that began before P's death (including the lawsuit in Italy against P);

3. Copyright litigation in Florida against P;

4. Divorce records litigation;

5. Heirship claims and issues;

6. Appellate court briefs;

7. The organization and opening of PP Museum;

8. Addressing motions by the media to intervene;

9. Addressing every motion, pleading filed (there have been over 700);

10. Communication and negotiation with potential heirs;

11. Official tribute concert;

12. Entertainment issues and monetization of the Estate;

13. Master-use license requests;

14. Royalty statements and collection fees both US and foreign;

15. Intellectual property protection and enforcement;

16. Real estate issues;

17. Rodney Dixon's claim which took up a lot of time doing research, and responding to his claim, etc.;

18. Prep of the estate tax return;

19. The amount of attorney fees the Estate paid is also for all potential heir attorney fees;

20. There is over $34k in just expenses;

21. The list goes on......

We can always count on you to remind people of the realities of the legal world. Thanks for putting this up, there's a lot of people everywhere squawking about the costs....you'd think it was THEIR money to worry over Like it or not, the estate needs to be left to the experts.

Mumio said:

ISaidLifeIsJustAGame said:

P's estate is a complicated legal matter.

There are issues that have never been addressed in a probate estate case before.

The amount of attorney fees includes the folllowing services:

1. Copyright infringement and lawsuit with Tidal;

2. Copyright litigation that began before P's death (including the lawsuit in Italy against P);

3. Copyright litigation in Florida against P;

4. Divorce records litigation;

5. Heirship claims and issues;

6. Appellate court briefs;

7. The organization and opening of PP Museum;

8. Addressing motions by the media to intervene;

9. Addressing every motion, pleading filed (there have been over 700);

10. Communication and negotiation with potential heirs;

11. Official tribute concert;

12. Entertainment issues and monetization of the Estate;

13. Master-use license requests;

14. Royalty statements and collection fees both US and foreign;

15. Intellectual property protection and enforcement;

16. Real estate issues;

17. Rodney Dixon's claim which took up a lot of time doing research, and responding to his claim, etc.;

18. Prep of the estate tax return;

19. The amount of attorney fees the Estate paid is also for all potential heir attorney fees;

20. There is over $34k in just expenses;

21. The list goes on......

We can always count on you to remind people of the realities of the legal world. Thanks for putting this up, there's a lot of people everywhere squawking about the costs....you'd think it was THEIR money to worry over Like it or not, the estate needs to be left to the experts.

People in the media are morons. Experts need to come in and straigten things out and so far they seem to be doing a good job of getting rid of the con-man and crazies. This is money well spent so the family can have closure. In addition, money is coming into the estate so everything will balance out. The MJ estate made 750 million last year alone. The Nelsons will be fine. The sky is not falling.

Possibly a silly question, as L. Londell McMillan IS an attorney, couldn't or shouldn't he be doing this himself?

Maybe like John Franca, he's taking a rather large cut?

Londell isn't in the same league as John Branca, and MJ left a will or trust (I don't remember which). Prince left nothing (apparently) so an administrator had to be appointed to oversee the process.

laurarichardson said:

http://www.startribune.com/prince-properties-in-chanhassen-are-hitting-the-market-and-going-fast/404372476/

The Minneapolis Star Tribune is reporting on the sale and interest in four of Prince's properties in Chanhassen by Bremer Trust, valued at $300,000 to $1.675 million.

bilbolives said:

http://www.startribune.com/prince-properties-in-chanhassen-are-hitting-the-market-and-going-fast/404372476/

The Minneapolis Star Tribune is reporting on the sale and interest in four of Prince's properties in Chanhassen by Bremer Trust, valued at $300,000 to $1.675 million.

.
Does Chanhassen suffer from a real estate boom?

This might have an effect if it's the case.

udo said:

I had a relative move from Eden Prairie in June and she said she couldn't believe the housing boom she saw. I don't know if facts back that up, but she was stunned.

Prince's properties are selling fast:

.

http://www.startribune.co...404372476/

.

Ooops! Sorry, double-post!

[Edited 12/3/16 13:11pm]