Prince's tragic passing is raising some logistical questions, as the music icon left behind an estate upwards of $300 million with no direct heirs. The person who will inherit his life's work remains a mystery, as does whether or not the prolific artist had a last will and testament. Prince, who was twice divorced, and had no surviving children, has few surviving relatives, and now many are wondering where the fortune will go.
Celebrity attorney Dan Streisand told Reuters, "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.''
The most likely recipient of the vast fortune could be Prince's younger sister, Tyka Nelson, who arrived at her brother's Paisley Park home on Friday with her hair dyed purple. "He loved you back," Nelson told the hundreds of fans who had assembled outside his estate.
If Prince does not have a will, inheritance will be decided by a probate court. Under Minnesota law, the estate first falls to grandchildren, of which he has none, then parents, who are both deceased, and then siblings.
Prince's only sibling is Tyka, and while she may received the hundreds of millions from her late brother, we're sure she would give it all back for more time with her beloved sibling.
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(Photo: Matt Kent/WireImage)
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