No Will Begs The Question of Who Will Inherit Prince’s Fortune

May 04, 16 No Will Begs The Question of Who Will Inherit Prince’s Fortune

It seems that the entire world has been affected by the untimely passing of Prince, the singer-songwriter know predominately for his eclectic work and flamboyant stage presence.

But the question everyone is now asking is who will inherit his estate? Worth upwards of $300 million, Prince’s estate is now being questioned as he did not leave a last will and testament.

Attorneys recommend creating a will by the age of 40 years old. Prince was 57 at the time of his death.

Leaving no direct heirs, Minnesota law dictates that inheritance goes first to grandchildren, then parents, and finally siblings.

Prince has been divorced twice, his parents have both been dead for decades, and his only son, Boy Gregory Nelson, died at only a week old.

One possibility is his younger sister, Tyka Nelson. Nelson and Prince have a history of a rocky relationship, with Nelson being a single parent who had struggled with addiction and prostitution.

The pair had recently gotten closer, but Nelson described their relationship as a “yo-yo.”

Celebrity attorneys are hopeful they can find some sort of documentation that will explain where Prince’s lifetime fortune will go.

As reported on BET.com, celebrity attorney Dan Streisand hopes for the best.

“Hopefully, Prince executed a trust and indicated his intentions, both with respect to who his trustee would be and how he would want to estate to be disposed of,” he said. “Prince was an incredibly smart person, he had great legal representation…So I would suspect that somebody along the way said, ‘Look, we’ve got to execute some documents.'”

But for now, everything is up in the air. One thing we know for sure is Prince loved his fans.

With her hair dyed purple, Tyka Nelson addressed the hundreds of fans gathered around Prince’s Minnesota estate: “He Loved You Back.”

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