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The Estate Discussion - Part 6 - Continued Last thread is wayyyy too long. Please discuss/post links discussing any and all matters regarding the Estate, thanks. 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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Looking forward to the results from Thursday's hearing coming up. First hearing at 9:30 may have heir results and second hearing at 10:30 is accounting.
[Edited 1/11/17 5:54am] | |
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Maybe it's time for some new Forums since everything's kinda squashed into this one?
Prince (the man) Fan Forum
(Just thinking with my fingers) Welcome to "the org", laytonian… come bathe with me. | |
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https://www.bloomberg.com...rsal-music Bravado represents artists in more than 40 cities and provides services including sales, licensing, branding, marketing and e-commerce, according to the statement. One of its jobs with the estate will be to clamp down on counterfeit merchandise. Good they need to clamp down on this stuff. Paisley Park is in your heart
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Paisley Park is in your heart
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All of Prince & Mani's divorce filings the case number (27-FA-06-3597)
[Edited 1/13/17 21:30pm] [Edited 1/13/17 21:30pm] | |
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Well I guess all the important stuff that was posted in part 5 will have to be re-posted here. Just because the thread was too long??? .... | |
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PennyPurple said: [Bitch and whine snip - luv4u] I think it's more annoying that they have locked the Universal thread. | |
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I don't even know of any new Prince news anymore because having to surf through hundreds of messages is not the way to find Prince news IMO. I thought the new post was just fine but ok Straight Jacket Funk Affair
Album plays and love for vinyl records. | |
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Quit derailing the thread, move on.............. Got a problem, take it to orgnotes 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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http://hosted.ap.org/dynamic/stories/U/US_PRINCE_ESTATE_MERCHANDISING_DEAL?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT
The Associated Press is also reporting on the merchandising deal with UMG's Bravado. | |
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http://www.startribune.com/special-administrator-not-all-law-firms-seeking-1-2-million-in-payment-benefitted-prince-estate/410134635/
The Minneapolis Star Tribune is reporting on an assessment by Bremer Trust of various attorneys' actions and requested fees which either helped or drained the estate and the ability of potential heirs to pay upcoming taxes. | |
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This is TonyVanDam and I just receiced the memo: http://www.fox16.com/ente.../638886156 The legendary musician Prince was no pauper. An inventory of his estate filed this week with a Minnesota court is giving a glimpse into the star's personal fortune. According to the legal documents, the "Purple Rain" star had real estate holdings valued at more than $25 million, about $110,000 in bank accounts, cash and unclaimed property, and 67 10 ounce gold bars valued at more than $836,000. More than $1.3 million is also listed as "cash on hand" from his NPG Music Publishing company. No stocks or bonds were listed. But the inventory is not the entirety of the estate. There is still a trove of unreleased music that has yet to be valued, as well as other personal property including jewelry, studio equipment, instruments and more than a dozen vehicles. His estate could also make money off of his likeness which, according to the paperwork, is still in the process of being valued. The actual members of his estate are still also being sorted out. There have been multiple claims filed by those seeking to be named as heirs since Prince died in April 2016 of an opioid overdose. The singer left no will. According to the Star Tribune a hearing is scheduled for Jan. 12 in Carver County probate court to help decide a number of issues including who qualifies as an heir. --CNN's Carma Hassan contributed to this report.
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A new part of this thread!! thanks! Pills and thrills and daffodils will kill... If you don't believe me or don't get it, I don't have time to try to convince you, sorry. | |
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rogifan said: Good. They need to keep moving forward in order to keep interest in prince alive and secure his legacy. Strike while the iron is still hot. Same with the music. I know,everyone's hands are tied but I hope they hurry up before people forget all about him. It's a hurtful place, the world, in and of itself. We don't need to add to it. We all need one another. ~ PRN | |
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So Londell re-tweeted this from Funkenberry. Hmm... Paisley Park is in your heart
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Claim list for continued thread:
Claims Date of Claim Claimant Details Status of Claim 04/27/16 Rodney Dixon $1 ownership of rights Disallowed by SA 09/16/16 Court judgement against and as frivolous 10/17/16 Appealed judgement on 12/06/16 to Court of Appeals 05/06/16 Maleika Mosley Hostage crisis Disallowed by SA 09/16/16 05/11/16 R. Kerr $46,582.29, Recording cost, post production, equipment rental services for rehearsals and shows at PP from 11/13/14 – 05/16/15 Disallowed by SA 11/11/16 05/11/16 Kimberly Potts $500,000 for Musicology creation Disallowed by SA 09/16/16 06/08/16 Eight Day Sound Systems, Catherine Bellante $256,010.89 services for rehearsals and shows at PP from 11/13/14 – 05/16/15
07/20/16 Maurice Lee Soledad Handshake agreement and buried remains in Indian Reservation Excluded as an heir 09/27/16 Heir claim changed to financial creditor 07/22/16 James Brandon Copyright infringement case in Florida District
08/26/16 Majorie Frazier $3,000,000.00 Spiritual wife Disallowed by SA 09/16/16 and 10/28/16 09/07/16 Mixed Blood Theater $348,258.00 cancellation of anniversary gala by SA Disallowed by SA 11/11/16 09/14/16 Ricky Baron/Baron Event Planning $3,000.00 losses due to cancelled event by SA, consulting fees Disallowed by SA 11/11/16 09/14/16 Ricky Baron/ Jobu Presents LLC $20,982 Cancelled gala at PP by SA Disallowed by SA 11/11/16 09/14/16 Ricky Baron/ Make-A-Wish Minnesota $28,278.00 Cancelled gala at PP by SA Disallowed by SA 11/11/16 09/16/16 Xavier Powell TMBGITW claim of helping Kerry Gordon with employment with PP Disallowed by SA 11/14/16 Court judgement ruled against 09/16/16 Karie Clay Wanted DNA of Prince, no other details known Disallowed by SA 09/16/16 10/19/16 Sharon Hughes $0.005 for each sale of Ice Cream Castles Disallowed by SA 10/28/16 11/07/16 Roc Nation, Tidal Various matters in contractual agreements Closed hearing scheduled for 12/08/16 11/08/16 Lily Alphosis Beautiful Ones cd/video claim Disallowed by SA 11/11/16 12/19/16 Patrick Cousins $599.735.63 unpaid legal services billed prior to 04/01/16 Disallowed by SA 12/20/16
Heir Claims File Date Claimant Details Status of Claim 05/09/16 Carlin Q. Williams Inmate child claim Alternate DNA testing ordered 11/02/16 05/13/16 Brianna & VN Nelson Duane’s decedents Excluded as heirs Judged against 10/26/16 Appealed Ordered to undergo DNA testing 11/17/16 06/03/16 Regina Sorenson Prince was a trustee for Regina, removed from home with Prince by CPS, half sibling Excluded as heir 09/27/16 and 11/17/16
06/06/16 Norman Yates Carthens Adopted son claim ($7,000,000.00)
06/10/16 Dr. Roskco A Motes Half-brother of Prince via Haywood Excluded as heir 09/27/16 and 11/17/16 06/14/16 April Lashaun Seward Virginia Nelson sibling Excluded as heir due to lower priority of sibling/half sibling 09/27/16 and 11/17/16 06/14/16 Martha Samuels Virginia Nelson sibling Excluded as heir due to lower priority of sibling/half sibling 09/27/16 and 11/17/16 06/14/16 James Austin Womack
Virginia Nelson sibling Excluded as heir due to lower priority of sibling/half sibling 09/27/16 and 11/17/16 06/14/16 Priscilla Williams Virginia Nelson sibling Excluded as heir due to lower priority of sibling/half sibling 09/27/16 and 11/17/16 06/14/16 Lorraine Huddleston Virginia Nelson sibling Excluded as heir due to lower priority of sibling/half sibling 09/27/16 and 11/17/16 06/14/16 Dana Samuels Nettles Virginia Nelson sibling Excluded as heir due to lower priority of sibling/half sibling 09/27/16 and 11/17/16 06/14/16 Jonette M Carter Virginia Nelson sibling Excluded as heir due to lower priority of sibling/half sibling 09/27/16 and 11/17/16 06/14/16 Michael Samuels Virginia Nelson sibling Excluded as heir due to lower priority of sibling/half sibling 09/27/16 and 11/17/16 06/14/16 Nicole White DNA request, child claim Excluded as heir 09/27/16 and 11/17/16 06/14/16 Taz Walker Child claim when Prince was 14: (http://www.usatoday.com/story/life/music/2016/06/14/would--heirs-princes-millions-multiplying/85891872/)
06/17/16 Venita Jackson-Leverette Half sibling of Prince Excluded as heir 09/27/16 Appealed decision 09/26/16 and 11/17/16 to Court of Appeals 06/21/16 Michael John Darling/ James Oberstar Acquaintance claim to be an heir in will Excluded as heir 09/27/16 and 11/17/16 06/24/16 Elaine Whigham Williams Sealed
06/24/16 Estabon Bennermon Son of Prince, Sealed, http://prince.org/msg/7/4...?&pg=1 Excluded due to prior adoption 07/04/16 Clair Boyd/ Clair Nelson Secret wife of Prince in 2002 Excluded as heir 09/27/16 and 11/17/16 Judged frivolous 10/07/16 07/20/16 Loyal Jimmy Gresham III Half sibling of Prince via different father Excluded as heir 09/27/16 Appealed on 09/27/16 and 11/17/16 to Court of Appeals 07/20/16
Orrine Gresham Half sibling of Prince via different father Excluded as heir 09/27/16 Appealed on 09/27/16 and 11/17/16 to Court of Appeals 07/20/16 Darcell Gresham Johnston Half sibling of Prince via different father Excluded as heir 09/27/16 Appealed on 09/27/16 and 11/17/16 to Court of Appeals 07/20/16 Loya Janel Wilson Half sibling of Prince via different father Excluded as heir 09/27/16 Appealed on 09/27/16 and 11/17/16 to Court of Appeals 07/20/16 Mia M Stamper Dragojevich Documents not legible, child claim Excluded as heir due to lower priority of sibling/half sibling 09/27/16 and 11/17/16 08/08/16 Anthony M Steman/ Anthony Snow Genetic results sealed He claims he is not Prince’s son per article in Santa Monica Observer 08/11/16 09/26/16 Corey Simmons Duane’s decedents, nephew of Prince Prima facie evidence challenged by Brianna and VN Ordered on 11/22/16 to undergo DNA testing by 12/15/16 11/17/16 Antonio Dobson Sonja Dobson Child claim Rejected by SA for lack of notary and evidence of conception 11/17/16 Ryan Dodge Child claim Rejected by SA for lack of notary and evidence of conception 12/02/16 Max Stacey McCormack Child claim from New Zealand Approved by SA for DNA testing Notice of deficiency, lack of fee, 12/14/16 12/14/16 Jennifer Jeffers Unknown Notice of deficiency, lack of fee
Sealed Decedent Claims Child Status of Claim Child 1 Excluded as heir due to lack of prima facie 09/27/16 Child 2 Excluded as heir due to lack of prima facie 09/27/16 Child 3 Excluded as heir due to lack of prima facie 09/27/16 Child 4 Excluded as heir due to lack of prima facie 09/27/16 Child 5 Excluded as heir due to lack of prima facie 09/27/16
Non-Excluded Heirs Name Relationship Status of Heir Tyka Nelson Sibling Order to undergo DNA testing 11/17/16 Omarr Baker Half sibling Order to undergo DNA testing 11/17/16 John Nelson Half sibling Order to undergo DNA testing 11/17/16 Norrine Nelson Half sibling Order to undergo DNA testing 11/17/16 Sharon Nelson Half sibling Order to undergo DNA testing 11/17/16 Alfred Jackson Half sibling Order to undergo DNA testing 11/17/16
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Just dawned on me, did anyone see Love 4 One Another charities in the accounting documents?
I also did not see the fitness entity that owned the private plane that Prince was using from Atlanta. If Prince had shares/stakes in other companies, I would imagine that would be listed if distributions were made to him.
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"His estate could also make money off of his likeness". What does this mean? | |
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Selling stuff with his face on. RIP | |
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Tyka and Omarr want a formal hearing in regards to Sharon, Norrine and John Nelson's attorney, Lommen-Abdo, motion for approval of fees and payment for services. Interesting.
Is it normal for a lawyer to have a lawyer represent them in such hearing? Cause Lommen-Abdo has counsel representing him.
In addition, Tyka and Omarr submitted a motion to compell for Londell to release all documents and Bransford (Bremer Counsel). Bremer is asking to limit the compell from April to June (paraphrased). Wonder what they are looking for?
Also, after thought on the valuation process. The accounting, as we know, has been released. However the final valuation is not done.
I understand the difficulty in trying to valuate a lot of these items. There really is not much of a fair market category to compare items with, say the unreleased material. The Estate will have to find and hire an appraiser with experience in the relative items/market. This sounds like it can be expensive and lengthy. Add to that, a valuation will have to be determined to meet tax deadlines.
Will the IRS do a seperate valuation, more or less, to make sure that the estate is valued reasonably?
[Edited 1/11/17 8:28am] | |
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Thank you for RE-posting this Again! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Just wanted to put it in the new thread to help orgers. I will also repost when updates have been made. I hope I am not overstepping any boundaries or causing any ill will from anyone doing this. | |
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A remarkably detailed outline of the situation. Thank you so very much for your efforts on this. | |
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I don't think anybody knows anymore what the boundaries are. Thank you again, hopefully we'll get some more stuff transferred from Part 5 over here to part 6. . It looks like this estate business is going to take awhile to get it straightened out, unfortunately. | |
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Wow a bunch of new court docs posted. I can't read all this stuff right now. | |
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So I'm confused. Is it both Van Jones and Londell running things IF it's approved or is this and either/or thing? | |
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Prince’s estate cleared another hurdle toward making the late musician’s work more widely available, selecting music mogul Irving Azoff’s Global Music Rights to handle certain licensing ventures. http://www.bloomberg.com/...-royalties Paisley Park is in your heart
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1Sasha said: A remarkably detailed outline of the situation. Thank you so very much for your efforts on this. ---Check out the deal for collecting radio fees. https://www.bloomberg.com...-royalties The only thing that bothers me is that they are discussing finding a record lable to put out music when Prince already had a record label in the place. I believe that if a major label gets a hold of vault material we will never hear it all. | |
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