Common Estate Planning Misconceptions

The Infamous Tale of Prince's Estate - What Went Wrong?

The Infamous Tale of Prince's Estate - What Went Wrong?

Prince, iconic singer and performing artist, left behind an estate valued at $200 million (although approximately ½ of this will go to taxes). After his death in 2016 without a will, the battle over his assets began. Sister Tyka Nelson and five half-siblings were officially declared Prince’s heirs by a Minnesota court in May. This is after 45 people came forward to claim a portion of his estate alleging to be everything from his wife to his child. DNA testing ruled out some of the claims.