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Thread started 06/08/22 7:37pm

luv4u

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The Estate (or Court) Discussion - Here .........

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Continue discussion here--------------------------------------

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Click on the link to sign up for updates or to view court documents. - luv4u

Link to court documents: http://www.mncourts.gov/I...elson.aspx

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Reply #1 posted 06/09/22 11:30am

laytonian

Tyka, who had held on to her 10% share of her expected inheritance, has now sold the last part to Primary Wave.

https://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/Affidavit-Other_33.pdf

Welcome to "the org", laytonian… come bathe with me.
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Reply #2 posted 06/09/22 4:23pm

PennyPurple

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laytonian said:

Tyka, who had held on to her 10% share of her expected inheritance, has now sold the last part to Primary Wave.

https://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/Affidavit-Other_33.pdf

WTH? Why would she do that?

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Reply #3 posted 06/10/22 9:57am

FrankieCoco1

Does this make Primary Wave the majority “owners”?
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Reply #4 posted 06/10/22 4:15pm

rap

laytonian said:

Tyka, who had held on to her 10% share of her expected inheritance, has now sold the last part to Primary Wave.

https://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/Affidavit-Other_33.pdf

You can see, why Prince kept his family at arms length.

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Reply #5 posted 06/10/22 4:36pm

RODSERLING

That's great, now we can wait next year for a live in Syracuse release in blu ray 4k, with the blu ray audio.
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Reply #6 posted 06/10/22 5:32pm

PennyPurple

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I can't quite figure out why Tyka would sell her remaining 10% especially if they are so close to getting their payout?


That would make PW 300% and the remaining heirs 300% UNLESS John's portion is divided among his children?


I'd hate to think that PW is going to end up on top here, when the heirs have waited 6 years now.

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Reply #7 posted 06/11/22 4:10pm

rap

PennyPurple said:

I can't quite figure out why Tyka would sell her remaining 10% especially if they are so close to getting their payout?


That would make PW 300% and the remaining heirs 300% UNLESS John's portion is divided among his children?


I'd hate to think that PW is going to end up on top here, when the heirs have waited 6 years now.

Greed. Money.

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Reply #8 posted 06/11/22 5:52pm

laytonian

FrankieCoco1 said:

Does this make Primary Wave the majority “owners”?


It gives them 50% with.

So ALL of Mattie's children with John Nelson have sold their shares (the late Alfred Jackson, included).

The remaining heirs are all much older: Sharon, Norrine and (the late) John R. Nelson. One would think the older heirs would be more likely to sell their shares and the younger ones holding on to see their shares increase in value.

Sharon and Norrine are well into their 80s now. We don't even know if they've been married, have children ... or if John R. Nelson had heirs.

Interestingly, though: Prez Nelson (Tyka's son) is working with/for the estate and taking part in decision-making. He seems to have a level head...but what's in it for him? He won't get big bucks from his mother.

Welcome to "the org", laytonian… come bathe with me.
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Reply #9 posted 06/11/22 5:54pm

laytonian

PennyPurple said:

I can't quite figure out why Tyka would sell her remaining 10% especially if they are so close to getting their payout?


That would make PW 300% and the remaining heirs 300% UNLESS John's portion is divided among his children?


I'd hate to think that PW is going to end up on top here, when the heirs have waited 6 years now.


It gives Primary Wave 50%, with Sharon, Norrine and whoever John R Nelson's heirs are, holding the other 50%.

I wonder when we're going to see the final accounting?

Welcome to "the org", laytonian… come bathe with me.
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Reply #10 posted 06/16/22 10:28am

nelcp777

The big issue after the tax resolution is having a form of management in place to ensure the Estate is ran properly.

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Reply #11 posted 06/16/22 12:16pm

laytonian

nelcp777 said:

The big issue after the tax resolution is having a form of management in place to ensure the Estate is ran properly.


It'll be Sharon/Norrine/John's heirs/Londell vs Primary Wave.

Welcome to "the org", laytonian… come bathe with me.
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Reply #12 posted 06/16/22 3:23pm

PennyPurple

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laytonian said:

nelcp777 said:

The big issue after the tax resolution is having a form of management in place to ensure the Estate is ran properly.


It'll be Sharon/Norrine/John's heirs/Londell vs Primary Wave.

I forgot Lonnie is in the mix.

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Reply #13 posted 06/16/22 3:49pm

Astasheiks

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laytonian said:

Tyka, who had held on to her 10% share of her expected inheritance, has now sold the last part to Primary Wave.

https://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/Affidavit-Other_33.pdf

eek neutral smile sad

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Reply #14 posted 06/17/22 4:35am

fredmagnus

nelcp777 said:

The big issue after the tax resolution is having a form of management in place to ensure the Estate is ran properly.

It's been more than 4 months since the judge asked for it and still nothing has come his way...

I wonder how long this could take 'cause it's the reason why nothing "substantial" is released.

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Reply #15 posted 06/17/22 3:02pm

love2thenines2
003

fredmagnus said:

nelcp777 said:

The big issue after the tax resolution is having a form of management in place to ensure the Estate is ran properly.

It's been more than 4 months since the judge asked for it and still nothing has come his way...

I wonder how long this could take 'cause it's the reason why nothing "substantial" is released.

I think all this mess might take a long time before resolution?

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Reply #16 posted 06/19/22 12:47am

Mumio

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PennyPurple said:

laytonian said:


It'll be Sharon/Norrine/John's heirs/Londell vs Primary Wave.

I forgot Lonnie is in the mix.

I believe Charles Spicer got a piece too.

Welcome to "the org", Mumio…they can have you, but I'll have your love in the end nod
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Reply #17 posted 06/19/22 7:43am

PennyPurple

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Mumio said:

PennyPurple said:

I forgot Lonnie is in the mix.

I believe Charles Spicer got a piece too.

Oh boy! eek

With Lonnie and him taking a piece also, I would say that PW would have the upper hand. I don't know if that's a good thing or not.? Maybe the music will start coming out at a faster rate if PW was taking charge.

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Reply #18 posted 06/19/22 8:10am

Mumio

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PennyPurple said:

Mumio said:

I believe Charles Spicer got a piece too.

Oh boy! eek

With Lonnie and him taking a piece also, I would say that PW would have the upper hand. I don't know if that's a good thing or not.? Maybe the music will start coming out at a faster rate if PW was taking charge.

We can only hope for the best. Right now though, I think it's best that PW has what they have. I don't believe the elders would ever do the right thing by Prince. They have Lonnie who will no doubt push them toward what HE wants. Curious about John's heirs and their trust....if they are just there to collect the money or have an actual interest in how things go.

Welcome to "the org", Mumio…they can have you, but I'll have your love in the end nod
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Reply #19 posted 06/20/22 12:54am

fredmagnus

I hope that Primary Wave soon gets the bigger part of the Estate and follow the good job done by Comerica so far. I don't trust in the elders AT ALL. All they've done so far is stand in the way of almost everything.

We don't need some amateurish job to be done here. When it comes to Prince legacy we need some professionals in the house. There's a lot to do but it deserve to be done with love & respect.

The 1999 & SOTT SDE boxes are good examples of what one should expect from the Prince Estate.

[Edited 6/20/22 3:07am]

[Edited 6/20/22 3:07am]

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Reply #20 posted 06/21/22 10:03am

laytonian

It looks like they've put the warehouse at 8020 Park in Chan under the Paisley Park LLC ownership as well as the home on Newton.

There's acreage across from Paisley that still seems to be held by the estate as well as the Purple Rain house at 3420 Snelling Ave.

I can't tell if the 8020 Park warehouse will be up for sale or still used as storage. Certainly, they can't keep all his possessions (especially hardware items) at Paisley.

Welcome to "the org", laytonian… come bathe with me.
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Reply #21 posted 07/16/22 1:38am

love2thenines2
003

Any news about who is currently running the Estate....Mc Millan ?....Primary wave?

neutral

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Reply #22 posted 07/16/22 10:08pm

Mumio

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love2thenines2003 said:

Any news about who is currently running the Estate....Mc Millan ?....Primary wave?

neutral

So far as I know, it's still run by Comerica and the court.

Welcome to "the org", Mumio…they can have you, but I'll have your love in the end nod
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Reply #23 posted 07/17/22 6:31am

laytonian

Mumio said:

love2thenines2003 said:

Any news about who is currently running the Estate....Mc Millan ?....Primary wave?

neutral

So far as I know, it's still run by Comerica and the court.


Correct. There's a hearing scheduled at the end of this month (July) -- it's right up top on the court's list of filings.
Right now, I understand that work is being done to train the "heirs" (ahem) and PW on the details of running such a large, complicated business.

Paisley Park is now its own LLC with the wnearby arehouse, always storage, put under the PP LLC umbrella due to so much stuff being catalogued.
That MAY mean that Paisley will stand alone from the music assets.

Welcome to "the org", laytonian… come bathe with me.
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Reply #24 posted 07/17/22 4:52pm

rap

laytonian said:

Mumio said:

So far as I know, it's still run by Comerica and the court.


Correct. There's a hearing scheduled at the end of this month (July) -- it's right up top on the court's list of filings.
Right now, I understand that work is being done to train the "heirs" (ahem) and PW on the details of running such a large, complicated business.

Paisley Park is now its own LLC with the wnearby arehouse, always storage, put under the PP LLC umbrella due to so much stuff being catalogued.
That MAY mean that Paisley will stand alone from the music assets.

What nearby warehouse?

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Reply #25 posted 07/17/22 6:48pm

laytonian

rap said:

laytonian said:


Correct. There's a hearing scheduled at the end of this month (July) -- it's right up top on the court's list of filings.
Right now, I understand that work is being done to train the "heirs" (ahem) and PW on the details of running such a large, complicated business.

Paisley Park is now its own LLC with the wnearby arehouse, always storage, put under the PP LLC umbrella due to so much stuff being catalogued.
That MAY mean that Paisley will stand alone from the music assets.

What nearby warehouse?

The warehouse I mentioned above, at 8020 Park Pl in Chanhassen, almost within sight of Paisley Park. rince bought it for storage and it's still being used as such. It's just south of Paisley itself, a handy location. I just hope it has lock-tight security.

Welcome to "the org", laytonian… come bathe with me.
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Reply #26 posted 07/18/22 11:47am

love2thenines2
003

laytonian said:



Mumio said:




love2thenines2003 said:


Any news about who is currently running the Estate....Mc Millan ?....Primary wave?



neutral






So far as I know, it's still run by Comerica and the court.




Correct. There's a hearing scheduled at the end of this month (July) -- it's right up top on the court's list of filings.
Right now, I understand that work is being done to train the "heirs" (ahem) and PW on the details of running such a large, complicated business.

Paisley Park is now its own LLC with the wnearby arehouse, always storage, put under the PP LLC umbrella due to so much stuff being catalogued.
That MAY mean that Paisley will stand alone from the music assets.




..from what I heard Michael Howe and Troy Carter are out from the new Estate
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Reply #27 posted 07/18/22 3:53pm

rap

laytonian said:

rap said:

What nearby warehouse?

The warehouse I mentioned above, at 8020 Park Pl in Chanhassen, almost within sight of Paisley Park. rince bought it for storage and it's still being used as such. It's just south of Paisley itself, a handy location. I just hope it has lock-tight security.

Cheers.

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Reply #28 posted 07/18/22 3:55pm

rap

love2thenines2003 said:

laytonian said:


Correct. There's a hearing scheduled at the end of this month (July) -- it's right up top on the court's list of filings.
Right now, I understand that work is being done to train the "heirs" (ahem) and PW on the details of running such a large, complicated business.

Paisley Park is now its own LLC with the wnearby arehouse, always storage, put under the PP LLC umbrella due to so much stuff being catalogued.
That MAY mean that Paisley will stand alone from the music assets.

..from what I heard Michael Howe and Troy Carter are out from the new Estate

I'm sorry to hear that.

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Reply #29 posted 07/19/22 7:27am

love2thenines2
003

rap said:

love2thenines2003 said:

laytonian said: ..from what I heard Michael Howe and Troy Carter are out from the new Estate

I'm sorry to hear that.

This is what i heard from some1 serious ...but just being logical.....Mc Millan&the Heirs want to see anyway Troy Carter & Howe out of the game since months & PWave want their proposals & persons in charge to be in the new game = new Estate so ... suspecting what is gonna happenning soon.....this is sad & makes me anxious because more or less the good job has been made by this team under Comerica Control.....Mc Millan is not the man for this Job .....he has been fired by Prince back in old days .....Mc Millan has a bad reputation .....he does not give a shit about Prince's Legacy....just interrested making money.....my personnal preference goes for Primary Wave ...just my guess !

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