1Sasha 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.

Of course the estate will make money for years to come.

Someone on one of the Prince FB groups was just there (within the last month) and talked with someone who works on the property. They said it is back up for sale. They were still making repairs on damage from the hurricane.

She put up a few pictures that she took. What a gorgeous piece of property that is.

ETA: this was during the second week of Feb 2018.

laurarichardson said:

rogifan said:

laurarichardson said:

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?

[Edited 2/26/18 8:30am]

Mumio said:

laurarichardson said:

Selling that property makes sense. Selling them all does not. Mumio said:

Someone on one of the Prince FB groups was just there (within the last month) and talked with someone who works on the property. They said it is back up for sale. They were still making repairs on damage from the hurricane.

She put up a few pictures that she took. What a gorgeous piece of property that is.

ETA: this was during the second week of Feb 2018.

[Edited 2/26/18 8:30am]

I am very curious about the property across the street from PP. The property attached to the charity.

Mumio said:

ISaidLifeIsJustAGame said:

purplemist7777 said:

Mumio said:

I am very curious about the property across the street from PP. The property attached to the charity.

The property owned by the charity is not part of the estate. The land and any $ in charity accounts can be used for the original charity purposes or dissolved and the $ in accounts and $ from sale of land will need to donated to another charity.

It is a part of one of the corporations Prince owned. What money? The 8 million PC stole.

See deal to bring in money. So some of you can stop believing everything on TMZ and everything coming out of LM'S piehole.

http://www.startribune.com/minnesota-twins-bring-back-popular-prince-night-for-a-second-year/475168823/

Minnesota Twins will funk it up with Prince branding deal, second night honoring the artist

laurarichardson said:

purplemist7777 said:

laurarichardson said:

It is a part of one of the corporations Prince owned. What money? The 8 million PC stole.

Yes the reported $8 million wherever that is. Minnesota Secretary of State filings show L4OA is a 501(c)(3) nonprofit corporation. There will most likely be an IRS audit on the charity.

Go back and read the court papers. 8 million was stolen and this was being investigated.

laurarichardson said:

rogifan said:

laurarichardson said:

See deal to bring in money. So some of you can stop believing everything on TMZ and everything coming out of LM'S piehole.

http://www.startribune.com/minnesota-twins-bring-back-popular-prince-night-for-a-second-year/475168823/

Minnesota Twins will funk it up with Prince branding deal, second night honoring the artist

Twins going full-on purple with plans to sell co-branded merchandise all season

This is cool but was Prince really a baseball fan?

No idea but does it really matter? It was popular last year and may be again this year. It doesn't feel like associating him with sports events is a bad idea but maybe I am missing something. Collaborations can be a very good thing, Prince was involved in so many.

Mumio said:

rogifan said:

laurarichardson said: This is cool but was Prince really a baseball fan?

No idea but does it really matter? It was popular last year and may be again this year. It doesn't feel like associating him with sports events is a bad idea but maybe I am missing something. Collaborations can be a very good thing, Prince was involved in so many.

.

So, the family is obviously approving this stuff?

.

At the Super Bowl, I thought it would have been awesome, had the Vikings played, that they would have special uniforms or Prince-themed helmets........

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.

Thank you very much!

Someone has a Prince themed cook book coming out.

rogifan said:

PennyPurple said:

Someone has a Prince themed cook book coming out.

.

No way!!

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.

ps: i apologize for implying that all attorneys are corrupt. you are not all corrupt, and i daresay my particular field of practice might explain my personal perspective.

cloveringold85 said:

PennyPurple said:

Someone has a Prince themed cook book coming out.

.

No way!!

Little Red Velvette by Cat Food Bakery has plenty of references to Prince’s music, sprinkled in the cutest baked goods-themed puns. From Purple Rain ombre cakes and Raspberry Beret tarts to Darling Stikki toffee puddings, fans can learn to make the most beautiful swirl in the world.

The book is currently available for pre-order, but can be purchased everywhere on April 21, the second anniversary of the icon’s death. Check out the cover art as well as some of the recipes below.

https://www.billboard.com...pring-2018

Mumio said:

XxAxX said:

rogifan said:

206Michelle said:

206Michelle said:

rogifan said:

A large part of this land is basically swamp land next to Lake Ann. Prince never developed on it. And after he tore down his house that land sat idle too. If the estate needs money to pay tax bills holding on to land just for the sake of it doesn’t make any sense. The property taxes on all 5 pieces of land is $260K. That’s not chump change. Just because someone else buys the land and develops on it doesn’t mean it made financial sense for the estate to do the same.

Great point, rogifan!

they are discussing selling it to developers.

No, We have a history in this country of black people selling their propert for a quick buck and not seeing the long game. They have a right to do as they please but selling all of it is short sighted and silly.

disch said:

agreed. Real estate development is not an enterprise everyone wants to get into, and it can take a long time to see a profit. It’s likely a much smarter idea to liquidate that asset now. 206Michelle said:

Great point, rogifan!

laurarichardson said:

rogifan said:

laurarichardson said:

No, We have a history in this country of black people selling their propert for a quick buck and not seeing the long game. They have a right to do as they please but selling all of it is short sighted and silly.

Ah, I figured that’s what this really is about with you. [Edited 2/27/18 3:59am]

It is the truth. It has happened all over this country over and over again. Remember it was Sharon who wanted to sell the house John lived in and sell his instruments on E-bay.

SNJ even wanted to throw Tkya and Omarr out of their homes and sell those as well. My guess is they are old people who do not understand Real Estate or investment.

I will bet that has soon as they get in control of the estate they will start selling off everything they can. Althought the WB deal and the assignment of royalties on the last four will make it difficult.

laurarichardson said:

It is a greed and stupidity stituation. Once again there is plenty of data to back up the racial explotation aspect of the lost of land and home onwership by African-Americans. People are only exploited when they allow their greed to let it happen. As far as your mom is concerned plenty of people could help her develop the property it is not that complicated. I am sure she will be provided all off the information she needs to make an informed decision and I am not so sure SNJ is receiving the information that is best. After all look who they have retained for their business advisor a person who needlessly caused 3 separate lawsuits so he could get a commission for himself. Stop ignoring the facts of past behavior and do not be so silly to think this past behavior is not going to continue with the music as well.

disch said:

I don’t see this as a racial exploitation situation, sorry. Princes heirs probably have little interest in embarking on new careers as real estate developers, with risk involved and potential payoffs years away, and they have bills to pay now. - In my family, we have the same situation. My mother inherited an essentially undeveloped piece of land. Although it could be developed (and will be by someone else) she plans to sell as soon as she can. She’s in her 70s and does not have the knowledge or interest delving into real estate development, and wants access to the value now, not 10+ years from now (she’s white if that’s relevant for some reason). - This is actually a silly argument. The value in princes estate is in his musical assets, not in these land parcels. That’s what they should focus their efforts in developing. - laurarichardson said:

It is the truth. It has happened all over this country over and over again. Remember it was Sharon who wanted to sell the house John lived in and sell his instruments on E-bay.

SNJ even wanted to throw Tkya and Omarr out of their homes and sell those as well. My guess is they are old people who do not understand Real Estate or investment.

I will bet that has soon as they get in control of the estate they will start selling off everything they can. Althought the WB deal and the assignment of royalties on the last four will make it difficult.