LBrent said:

Dibblekins said:

Yes - and Tavis Smiley, who told that story in an interview (filmed, although it was a radio interview) went on to say that when Prince emerged from his room (after several days) he took Tavis out onto a balcony and just talked and talked, wihout interruption, about what a genius MJ was - for hours, until dawn broke.

Um. I saw the same interview in video form on YouTube.

That's not exactly what Tavis said.

He said P talked for a couple of hours. It was about MJ, but Tavis never specified what was said or any context.

Tavis did say that P was in his room for a few days after hearing that MJ died and was upset.

They were born within a couple of months in 1958. That had to be creepy to think about, and P was older so that had to be strange to consider "Am I next?"

[Edited 11/8/16 4:52am]

My apologies - I had described the wrong video - HERE is the one to which I was referring, and yes, Prince talked until dawn about MJ's genius! I KNEW I wasn't imagining it!!!

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http://teamcoco.com/video...inal-weeks

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margi said:

Prince chose not to leave a will because he used other legal but private options such as his LLC to secure his music for 120 years under coyright laws and probate free. Some properties were also included in the LLC. Paisley Park designated as a Museum is also free from burdensom taxes I believe. The rest of his estate is for family members to divide. This seems to consist of mainly the families own homes. He was a very astute business man at protecting his lifes work and Paisley Park. Beneficiaries to the income from the LLC have not been made public and may not be family, but instead charities and projects Prince was involved in. This does not need to be made public as did not the LLC. It stands alone from his estate controlled by the court. ( smart man ) I believe he had a plan for the LLC to follow through with the good he started and the LLC has 120 years in which to spread good from the income.

Good stuff!

purplepoppy said:

margi said:

Prince chose not to leave a will because he used other legal but private options such as his LLC to secure his music for 120 years under coyright laws and probate free. Some properties were also included in the LLC. Paisley Park designated as a Museum is also free from burdensom taxes I believe. The rest of his estate is for family members to divide. This seems to consist of mainly the families own homes. He was a very astute business man at protecting his lifes work and Paisley Park. Beneficiaries to the income from the LLC have not been made public and may not be family, but instead charities and projects Prince was involved in. This does not need to be made public as did not the LLC. It stands alone from his estate controlled by the court. ( smart man ) I believe he had a plan for the LLC to follow through with the good he started and the LLC has 120 years in which to spread good from the income.

Good stuff!

Yes, the LLC can have the assests transferred upon death to a non-profit, insitution or trust.

We may never really know but I find it interesting that the Purple rain house, commercial properties, and Paisley Park are not being sold and we know the Purple Rain house is an assest of the LLC.

I guess if the public gets to see the final accounting of his assest we should be able to figure out if the LLC is a part of the estate or separate but maybe not if the courts seal all finacial records which has been stated by the court already.

I will never believe that he left no will. NEVER.

Dibblekins said:

LBrent said:

Um. I saw the same interview in video form on YouTube.

That's not exactly what Tavis said.

He said P talked for a couple of hours. It was about MJ, but Tavis never specified what was said or any context.

Tavis did say that P was in his room for a few days after hearing that MJ died and was upset.

They were born within a couple of months in 1958. That had to be creepy to think about, and P was older so that had to be strange to consider "Am I next?"

[Edited 11/8/16 4:52am]

My apologies - I had described the wrong video - HERE is the one to which I was referring, and yes, Prince talked until dawn about MJ's genius! I KNEW I wasn't imagining it!!!

.
http://teamcoco.com/video...inal-weeks

.

Apparently, Tavis has told the same story with slightly varied details. This is not the one I saw.

As time goes by I have no doubt it'll vary again. Lol

FlyOnTheWall said:

I will never believe that he left no will. NEVER.

The point is - he did - it just wasn't called a will.

FlyOnTheWall said:

I will never believe that he left no will. NEVER.

Erm.

Well, that's certainly your right to believe or not believe whatever you like, but it's been documented that in lieu of a will P put in place an efficient corporate entity, chose it's shareholders and beneficiaries HIMSELF and populated it's assets with assets of his personal choice that, after his death, would make a will unecessary.

Sooooooo...the proof is in the pudding...and P made the pudding HIMSELF...and it's inception, if not the details, are PUBLIC RECORD.

Just sayin.

I don't know why Prince fans have a hard time accepting that Prince and Michael respected each other. I am sure Prince was very shocked and emotional over Michael's passing. He was his peer in the 80's and they were two of the biggest Black male pop stars of all time. There is not a doubt in my mind that Michael would have been emotional over Prince passing as well. Now they are two angels in heaven and can finally perform together.

mjscarousal said:

I don't know why Prince fans have a hard time accepting that Prince and Michael respected each other. I am sure Prince was very shocked and emotional over Michael's passing. He was his peer in the 80's and they were two of the biggest Black male pop stars of all time. There is not a doubt in my mind that Michael would have been emotional over Prince passing as well. Now they are two angels in heaven and can finally perform together.

Sooooo many reasons...I do think P might've felt saddened. Respect? Maybe.

As for the other in regards to being anything other than relieved if he'd outlived P? Nah, I seriously doubt it. Respect? Nope. Resentment? Yup.

As for the afterlife, I hope P is only whatever he wanted to be, only wherever he wanted to be, surrounded only by whomever he wanted to be surrounded by, enjoying only whatever he wanted to enjoy.

Ah yes. Of course. Let's not forget the afterlife…

mjscarousal said:

I don't know why Prince fans have a hard time accepting that Prince and Michael respected each other. I am sure Prince was very shocked and emotional over Michael's passing. He was his peer in the 80's and they were two of the biggest Black male pop stars of all time. There is not a doubt in my mind that Michael would have been emotional over Prince passing as well. Now they are two angels in heaven and can finally perform together.

MJ respected Prince so much he is on a audio tape wishing death on him. MJ respected him so much he repeatly showed Babyface and LA Reid the JB video tape and laughed at it. The only person who cares about this stuff is you and other MJ fans. You know what Prince fans care about music. This picture is the worst by the way. It looks like something you would pick up at a road side stand. I will be glad when the estate put a stop this type of stuff.

purplepoppy said:

Clover - Prince was "friends" with MJ. Perspectives change as you get older. You are an earnest and lovely person.

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Prince never really spoke about MJ, from what I can recall. I don't think they were like, buddies or anything like that, but yes, they probably talked to each other ocassionally.

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Thanks for the compliment.

laurarichardson said:

purplepoppy said:

Good stuff!

Yes, the LLC can have the assests transferred upon death to a non-profit, insitution or trust.

We may never really know but I find it interesting that the Purple rain house, commercial properties, and Paisley Park are not being sold and we know the Purple Rain house is an assest of the LLC.

I guess if the public gets to see the final accounting of his assest we should be able to figure out if the LLC is a part of the estate or separate but maybe not if the courts seal all finacial records which has been stated by the court already.

Please remember this is all pure speculation.

The LLC has to be part of the Estate.

If P had taken care of everything by the LLC, Bremer Trust would not be fervently looking for a will by going through every box in 4 or more locations, and contacting every attorney that ever worked for P as stated in the recent Court documents.

Just saying.

There may have been assets, but the way his affairs were structured, tens if not hundreds of millions of dollars will be due the taxman when there was no need for such payment. It was not the smartest move, and whoever advised him to do this should have his or her license revoked. (I understand Prince may have said this was what he wanted, but they shouldn't have done it.) Also, if he had had enough money in the bank (actual cash and/or easily converted stocks, etc.), the Estate would not have needed an infusion of money from a partner to operate PP. When you are playing at his level, what has to be accomplished legally is much different than what "regular" people must plan for. And I repeat my previous comment that he did not have the cash to live as he had in the past.

phatphuk said:

LBrent said:

mjscarousal said:

"…I don't know why Prince fans have a hard time accepting that Prince and Michael respected each other. I am sure Prince was very shocked and emotional over Michael's passing. He was his peer in the 80's and they were two of the biggest Black male pop stars of all time. There is not a doubt in my mind that Michael would have been emotional over Prince passing as well. Now they are two angels in heaven and can finally perform together…"

"…Sooooo many reasons...I do think P might've felt saddened. Respect? Maybe…"

"…As for the other in regards to being anything other than relieved if he'd outlived P? Nah, I seriously doubt it. Respect? Nope. Resentment? Yup…"

"…As for the afterlife, I hope P is only whatever he wanted to be, only wherever he wanted to be, surrounded only by whomever he wanted to be surrounded by, enjoying only whatever he wanted to enjoy…"

Ah yes. Of course. Let's not forget the afterlife…

The Beliefs and Practices of Jehovah’s Witness

Life after death?

"…Members believe that, “…at death, humans cease to exist. The dead know, feel, and experience absolutely nothing.” Death is compared to sleep, because there is no consciousness, activity, or awareness of one’s surroundings…"

And my comment is consistant with that.

If P, as a JW, wanted to be asleep in death andexperiencing nothing, then I hope he got that afterlife...instead of being forced to socialize with anyone he didn't want to socialize with.

1Sasha said:

There may have been assets, but the way his affairs were structured, tens if not hundreds of millions of dollars will be due the taxman when there was no need for such payment. It was not the smartest move, and whoever advised him to do this should have his or her license revoked. (I understand Prince may have said this was what he wanted, but they shouldn't have done it.) Also, if he had had enough money in the bank (actual cash and/or easily converted stocks, etc.), the Estate would not have needed an infusion of money from a partner to operate PP. When you are playing at his level, what has to be accomplished legally is much different than what "regular" people must plan for. And I repeat my previous comment that he did not have the cash to live as he had in the past.

Um. I'll have to cede that since I don't have access to P's bank account and have no way of knowing how liquid he was.

Unless this is yet another tool of "high finance" that the general public isn't necessarily familiar with...in the same way that the general public doesn't understand that P, for all intents and purposes, created a hedge fund.

Hedge funds are not regulated with very much transparency insofar as the government (SEC) is concerned and even the courts have limited jurisdiction over them depending on the structure. All he would've had to do is either take the General Partner position and be sure the limited partners fit the criteria or...Well, there are several ways to get this done.

mjscarousal said:

ISaidLifeIsJustAGame said:

rogifan said:

LBrent said:

phatphuk said:

LBrent said:

mjscarousal said:

"…I don't know why Prince fans have a hard time accepting that Prince and Michael respected each other. I am sure Prince was very shocked and emotional over Michael's passing. He was his peer in the 80's and they were two of the biggest Black male pop stars of all time. There is not a doubt in my mind that Michael would have been emotional over Prince passing as well. Now they are two angels in heaven and can finally perform together…"

"…Sooooo many reasons...I do think P might've felt saddened. Respect? Maybe…"

"…As for the other in regards to being anything other than relieved if he'd outlived P? Nah, I seriously doubt it. Respect? Nope. Resentment? Yup…"

"…As for the afterlife, I hope P is only whatever he wanted to be, only wherever he wanted to be, surrounded only by whomever he wanted to be surrounded by, enjoying only whatever he wanted to enjoy…"

Ah yes. Of course. Let's not forget the afterlife…

The Beliefs and Practices of Jehovah’s Witness

Life after death?

"…Members believe that, “…at death, humans cease to exist. The dead know, feel, and experience absolutely nothing.” Death is compared to sleep, because there is no consciousness, activity, or awareness of one’s surroundings…"

And my comment is consistant with that.

If P, as a JW, wanted to be asleep in death andexperiencing nothing, then I hope he got that afterlife...instead of being forced to socialize with anyone he didn't want to socialize with.

.

Pardon my chiming in here. After I lost my dear Mother, I did a lot of reading and research about the afterlife. Of course, none of us will know what it's like, until we get there, but I read that when we pass, we are united with our loved one's who passed before us. Now, that is a beautiful thought.

LBrent said:

laurarichardson said:

LBrent said:

Um. I'll have to cede that since I don't have access to P's bank account and have no way of knowing how liquid he was.

Unless this is yet another tool of "high finance" that the general public isn't necessarily familiar with...in the same way that the general public doesn't understand that P, for all intents and purposes, created a hedge fund.

Hedge funds are not regulated with very much transparency insofar as the government (SEC) is concerned and even the courts have limited jurisdiction over them depending on the structure. All he would've had to do is either take the General Partner position and be sure the limited partners fit the criteria or...Well, there are several ways to get this done.

-- Thank you. People at Prince's level are not usually liquid it does not mean they are broke. He just sold out the Oracle Arena in Oakland so the receipts from that show and all of the Piano and Mike show went to some bank account however Tyka would have needed a death certifcate and Breamer to get to any accounts with cash. Because the family had to borrow money does not mean their is none. The sad thing is he could have money stashed somewhere and nobody may know about it.

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Prince was no dummy. He put his cash in a Swiss bank account. Americans do that all the time. I know someone who keeps their money in the Bahamas. Wealthy people don't keep their money in the greedy American banks! LOL

laurarichardson said:

cloveringold85 said:

mjscarousal said:

LBrent said:

laurarichardson said:

-- Exactly, they look like they are walking down the aisle to get married. When they only met a few times and according to witnesses it did not go well. Can we stop pairing them up just because they were two blacks guys. All black people don't look like or think a like.

Amen and amen!

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I think MJ and Prince were always compared to because they were two iconic performers from the same generation, and they were both African-American. Although they were both extremely talented, they were from two different worlds. I would say MJ was more a performer, while Prince was not only a performer, he was a genius musician. A Mozart.

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Another iconic performer was Rick James, but he was a little older than Prince, I believe. Slick Rick and Prince did not gel too well.

LBrent said:

cloveringold85 said:

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Prince was no dummy. He put his cash in a Swiss bank account. Americans do that all the time. I know someone who keeps their money in the Bahamas. Wealthy people don't keep their money in the greedy American banks! LOL

Actually, he might have used Swiss accounts cuz he was old school but Grand Cayman is a more modern solution. Just sayin

.

Yes! You are correct!

cloveringold85 said:

1Sasha said: