Thursday, April 2, 2020
Prince’s Family Claims That They Have Not Received Any Payments From His Estate; They Are Now Asking a Judge To Intervene
Three of the six siblings of the late singer Prince are claiming that they have not received anything from the estate, though they are his legal heirs. Despite this, lawyers and advisers of the estate have been paid. Sharon, Norrine, and John Nelson, three of the singer's siblings, have filed a petition for compensation in Prince’s estate.
The estate is run by Comerica Bank and the two parties have not agreed on many terms in the past. The siblings have accused Comerica of mismanaging money and leaving them out of the loop concerning major decisions regarding the estate. Comerica has denied these allegations. The three siblings say they want to continue helping out the estate but cannot continue without being compensated. The three siblings claim they have had to heavily depend on “solely on their pension, social security, personal savings and loans from friends to cover the costs needed to support the Prince Estate despite the millions paid to advisors, attorneys and others approved by the Court.”
A judge has yet to rule on the case.
See Gibson Precious, Prince’s Family Claims That They Have Not Received Any Payments From His Estate; They Are Now Asking a Judge To Intervene, Baller Alert, March 28, 2020.
Special thanks to Laura Galvan (Attorney, San Antonio, Texas) for bringing this article to my attention.