XxAxX said:

1Sasha said:

TMZ has a piece today that says heirs (no names) are concerned there won't be any money left for them once the estate is settled. I honest to God don't care if they see one cent.

When this happened on the case I worked on (where attys fees and costs exceeded the amount being fought over by heirs) our firm became involved in a top to bottom audit of attorneys' invoices. We looked at every billed item and had another attorney evaluate whether fees and costs were "reasonable". There were literally millions unfairly, unethically billed Like more than one attorney at a deposition, or twelve hours billed for a motion to compel (ridiculous as any competent attorney can draft one in an hour, maybe two). It was eye opening when we even found plane tickets to Florida in the billings, without any reason for such. I hope the heirs hire an independent Atty to review legal bills When my dad died the attorney working on his trust tried to bill 20,000 to the trust for preparing (but never completing) a tax return. Seriously, we said we wouldn't pay, we paid instead maybe 2,000, and then fired that attorney. Do not trust attorneys simply because they say you should. That profession is rife with rip off artists and liars

You state that my profession is "rife with rip off artists and liars" yet you continue to work for them.

What does this say about you?

I hope that some day you are able to work in a profession in which you do not hate your employer.

Are we talking about the Vegas guy, who Omarr hired to head up his 1st band?

ISaidLifeIsJustAGame said:

Part 13 here we go:

A continuation of the most recent billing filed by the Comerica attorneys for October 2017.

Troy filed an affidavit today. It was totally redacted. Most likely the business transaction that SNJ objects to and for which Troy has recently spoke to the press about.

The attorneys have spent a great deal of time on "S&S matter"but I have no idea what the initials mean.

Gresham and Leverette filed an appeal with the Minnesota Supreme Court. I think the girls did too.

The attorneys know about the bootleg Sign O the Times video.

They also worked on the NPG license and agreement.

They are also working on the 2016 Prince Act with Minnesota legislatures.

They worked on trademarks for Prince around the globe in every single country this includes all names associated with him including Purple Rain, Paisley Park, NPG, 3EG, Vanity 6, etc.

They are working on lots of infringement of goods like Tshirts, mugs, etc

They are working on infringement with the P impersonator. You know who I mean, right?

Cease and desist to the UK Prince Revelation Tribute Show also people ripping off by using the name "Purple Reign."

Litigation with Thuy Nam Ly. Was this the guy on all the Facebook pages making P jewelry?

For those of you saying these attorneys don’t want to settle anything until they drain the Estate dry I guess you want them to settle with The Girls, Boxhill, Cousins, Gresham, Leverette, Tidal, Jobu, Dixon and the Italian litigation about The Most Beautiful Girl in the World ..just to name a few. <---all these cases are currently being litigated.

I am only on page 148 out of 691. The above was billing for October 2017, and I only hit some of the items the attorneys are working on.

ISaidLifeIsJustAGame said:

XxAxX said:

1Sasha said: When this happened on the case I worked on (where attys fees and costs exceeded the amount being fought over by heirs) our firm became involved in a top to bottom audit of attorneys' invoices. We looked at every billed item and had another attorney evaluate whether fees and costs were "reasonable". There were literally millions unfairly, unethically billed Like more than one attorney at a deposition, or twelve hours billed for a motion to compel (ridiculous as any competent attorney can draft one in an hour, maybe two). It was eye opening when we even found plane tickets to Florida in the billings, without any reason for such. I hope the heirs hire an independent Atty to review legal bills When my dad died the attorney working on his trust tried to bill 20,000 to the trust for preparing (but never completing) a tax return. Seriously, we said we wouldn't pay, we paid instead maybe 2,000, and then fired that attorney. Do not trust attorneys simply because they say you should. That profession is rife with rip off artists and liars

You state that my profession is "rife with rip off artists and liars" yet you continue to work for them.

What does this say about you?

I hope that some day you are able to work in a profession in which you do not hate your employer.

wrong i no longer work for attorneys. twenty years of watching as they generated and billed for reports that never went to the client; concealing their oversight when the statute of limitations had passed and they missed the deadline; billing the client 75,000 for a case that awarded said client 30,000; keeping documents filed under protective seal (patent) long after the deadline for shredding those documents had passed; and so on and so forth ad nauseum. i quit working for attorneys years back, and even though i am still a certified paralegal i work elsewhere now.

and yes, i love my employer now.

[Edited 2/23/18 20:13pm]

Mumio said:

cloveringold85 said:

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I'm not saying turn it into a MJ "Neverland" with theme park rides, but they could do something really nice with that land, and maybe have a nice memorial for Prince.

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Seems like the fam has dollar signs in their eyes $$ $$

Well, some type of thing that would benefit both residents and visitors alike would be wonderful. But I can not fault the family for having to make hard decisions in terms of how to pay the bills. There is a great deal of expense involved with this estate that we are all really clueless about. Just seeing the cost for lawyers to sort through it all should tell everyone that we have very little idea of what's involved. I want to look at this and say they are doing what needs to be done in the least painful way possible. I'd rather see real estate/property sold off than anything from the vault. I'm sure there's other things that I'd rather see them keep than property. There's no attachment to property or real estate with the exception of PP.

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They should try to keep some of the land. They should think hard and long before they just sell it all off.

XxAxX said:

ISaidLifeIsJustAGame said:

You state that my profession is "rife with rip off artists and liars" yet you continue to work for them.

What does this say about you?

I hope that some day you are able to work in a profession in which you do not hate your employer.

wrong i no longer work for attorneys. twenty years of watching as they generated and billed for reports that never went to the client; concealing their oversight when the statute of limitations had passed and they missed the deadline; billing the client 75,000 for a case that awarded said client 30,000; keeping documents filed under protective seal (patent) long after the deadline for shredding those documents had passed; and so on and so forth ad nauseum. i quit working for attorneys years back, and even though i am still a certified paralegal i work elsewhere now.

and yes, i love my employer now.

[Edited 2/23/18 20:13pm]

.

I had thought about becoming a Paralegal -- glad I changed my mind.

cloveringold85 said:

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They should try to keep some of the land. They should think hard and long before they just sell it all off.

This makes me sick, they are thinking of selling it off to the City. Sick and Sad. If he wanted the City to have it, he would have sold it off years ago.

PennyPurple said:

cloveringold85 said:

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They should try to keep some of the land. They should think hard and long before they just sell it all off.

This makes me sick, they are thinking of selling it off to the City. Sick and Sad. If he wanted the City to have it, he would have sold it off years ago.

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I know, Penny! I'm right there with you. This does not sit well with me.

rogifan said:

One letter I read said they were selling the land because there wasn’t a viable development option and it wasn’t in the financial interest of the estate to keep it. If Comerica or whoever is advising them on real estate matters though it made sense to hang on to this land they wouldn’t be selling it.

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Yes, all of that makes perfect sense. If it were me, I would just try to hold onto some small piece of land -- for the future. I know all of this is a long way down the road as far as development, and they will probably have some restrictions on what can be developed on that land.

rogifan said:

PennyPurple said:

Are we talking about the Vegas guy, who Omarr hired to head up his 1st band?

I think it might be Marshall from Purple Xperience.

He had to cancel concerts and his work with symphonies because he said the Estate sent him a C&D letter.

ISaidLifeIsJustAGame said:

I think it might be Marshall from Purple Xperience.

He had to cancel concerts and his work with symphonies because he said the Estate sent him a C&D letter.

I was under the impression that they had Marshall stop because the estate wanted to do what he had been doing, don't know if it was with NPS or some other band. When I saw your comment about the court docs referencing about the impersonator, I thought of Jason (Tepper?) whatsisname too, since he seemed to be dumped unceremoniously. I still haven't heard why he is gone from NPS, has anyone else?

[Edited 2/24/18 21:49pm]

Mumio said:

ISaidLifeIsJustAGame said:

I think it might be Marshall from Purple Xperience.

He had to cancel concerts and his work with symphonies because he said the Estate sent him a C&D letter.

I was under the impression that they had Marshall stop because the estate wanted to do what he had been doing, don't know if it was with NPS or some other band. When I saw your comment about the court docs referencing about the impersonator, I thought of Jason (Tepper?) whatsisname too, since he seemed to be dumped unceremoniously. I still haven't heard why he is gone from NPS, has anyone else?

[Edited 2/24/18 21:49pm]

Dunno

laurarichardson said:

PennyPurple said:

cloveringold85 said:

cloveringold85 said:

sonshine said:

I always thought they should sell all of the real estate. Then, take the Purple Rain house and Paisley Park and donate it to the state university system. Make PP an arts/musical center. Then concentrate on preserving his musical legacy. I rarely attach sentimental value to things/property, etc., so this seemed like a no-brainer to me. But I know the majority of people think otherwise.

Comerica has a fiduciary duty to liquidate as many assets as possible.

ISaidLifeIsJustAGame said:

rogifan said:

cloveringold85 said:

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Yes, all of that makes perfect sense. If it were me, I would just try to hold onto some small piece of land -- for the future. I know all of this is a long way down the road as far as development, and they will probably have some restrictions on what can be developed on that land.

Well there’s still two parcels across the street from Paisley tied to Love 4 One Another so maybe the Estate will hang on to that in case Paisley Park ever decides to expand.

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Well, that would be nice.

1Sasha said:

I always thought they should sell all of the real estate. Then, take the Purple Rain house and Paisley Park and donate it to the state university system. Make PP an arts/musical center. Then concentrate on preserving his musical legacy. I rarely attach sentimental value to things/property, etc., so this seemed like a no-brainer to me. But I know the majority of people think otherwise.

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I don't think the family would donate PP; they want that money coming into their pockets.

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[Edited 2/25/18 11:53am]

laurarichardson said:

ISaidLifeIsJustAGame said:

Comerica has a fiduciary duty to liquidate as many assets as possible.

I believe it is the family that wants to sell property but Paisley remember SNJ was trying to throw Tyka and Omarr out of their homes. Those properties can be rented out and income can be generated.

.

Sharon can not throw Tyka out of her house. She needs to stop smoking whatever she is smoking!

cloveringold85 said:

rogifan said:

cloveringold85 said: Well there’s still two parcels across the street from Paisley tied to Love 4 One Another so maybe the Estate will hang on to that in case Paisley Park ever decides to expand.

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Well, that would be nice.

Lol, you mean the property owned by love4oneanother charities which M1 is President of? I guess my question is this: who REALLY owns that property? If the charity itself isn't owned by the estate, then what???????

[Edited 2/25/18 17:57pm]

cloveringold85 said:

Mumio said:

laurarichardson said:

The IRS determination is going to govern what the estate does, and that determination may not come for years. I agree - it is through the music that the estate will make the most money, and it seems Troy and Comerica are working to maximize revenue to protect the legacy.

rogifan said:

laurarichardson said:

I believe it is the family that wants to sell property but Paisley remember SNJ was trying to throw Tyka and Omarr out of their homes. Those properties can be rented out and income can be generated.

I don’t know what property you’re talking about. The 5 parcels on Galpin have no homes on them. Are you referring to the house on Red Fox circle? Owning a house and collecting rental income probably doesn’t generate enough income to make it worth it. The ways for the estate to generate income will come from Graceland and Troy Carter, not real estate.

Since when is any income not worth it? All of the properties are for sale with exception of PP and T&C Do you know that property is a tax shealter. Why do you think Prince had so much?