In the day’s following the passing of pop superstar Prince, questions are swirling about the fate of the musician’s vast estate.
Prince’s sister says he had no known will and filed paperwork on Tuesday asking a Minneapolis court to appoint a special administrator to oversee his estate. Tyka Nelson, Prince’s only surviving full sibling, said in the court filing that immediate action was necessary to manage Prince’s business interests.
While the size of Prince’s fortune is not known, he made hundreds of millions of dollars for record companies, concert venues and others during his lengthy career. His estate included an estimated $27 million in property.
Nelson asked that Bremer Trust, a corporate trust company, be named administrator of the estate. The court documents say Breber Bank provided financial services to Prince for many years.
The filing comes less than a week after the pop star died Thursday at his home in suburban Minneapolis. The outpouring of grief and nostalgia prompted fans to purachase over 2 million of his songs in three days.
Prince owned a dozen properties in and around his famous Paisley Park complex in suburban Minneapolis. Most of the property was rural pieces of land and some houses for family members.
Under Minnesota law, a person can file a will with probate court in secret. If Prince did so, the fact one exists would become public once a death certificate is filed, but the medical examiner has not yet issued one for Prince. An autopsy was conducted Friday and his remains were cremated Saturday.
With files from Global News