Wednesday, August 3, 2022

From Rolling Stone: Legal Battle Over Prince’s Estate Finally Comes to an End

One of the powers reserved to the states.

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The six-year battle over Prince’s estate has finally ended following the approval of an agreement between parties over the late singer’s $156 million estate.

Comerica Bank & Trust — the estate’s administrator — and the IRS revealed the valuation at a hearing in Jan. 2022, a figure that encompasses both Prince’s real estate holdings and the value of his catalog and legendary vault of unreleased recordings, the Star Tribune previously reported. A Minnesota judge signed off on the agreement at a hearing Friday, July 29.

The valuation was previously agreed upon by lawyers of six of Prince’s heirs, two of whom have died during the lengthy estate battle that has languished in courts since his death in 2016; Prince did not have a will at the time of his death.

10-PR-16-46 In re the Estate of Prince Rogers Nelson, Deceased.

- Senior Judge Kevin W. Eide.

- Carver County District Court.

- Brazoria County Clerk: Civil/Probate.

- Texas Statutes: Estates Code.

- Texas Statutes: Probate Code.

An Overview of Texas Probate Statutes.