Nearly a week after Prince passed away and was quickly cremated in alignment with his religious beliefs, the superstar’s family is attempting to hash out matters of his massive estate. Tyka Nelson, the only living full-blooded sibling of Prince, filed legal documents in Minneapolis Tuesday (April 26) stating that the deceased icon didn’t have a will on file.
Nelson names herself heir to his estate, though Prince’s had six surviving half-siblings who would be entitled to a cut of his fortune. Since there is no reported will, Nelson is seeking an executor of her late brother’s estate.
Tyka says in her docs, “I do not know of the existence of a will and have no reason to believe that the decedent executed testamentary documents in any form.”
If Prince did indeed die without a will, the estate is divided equally among his siblings.
Tyka lists the people who are potential beneficiaries … all of whom are half brothers and sisters. They are John, Norrine, Sharon, Alfred and Omarr. They are all living siblings of Prince. She also says she’s an heir entitled to her cut.
It’s interesting … Tyka names Lorna as a deceased half sister who left no kids. Under Minnesota law Lorna’s out of the game when it comes to getting assets. But Tyka never even mentions Duane, reportedly Prince’s half brother, who is also deceased.
There’s also a line in the docs in which Tyka says, “The decedent has heirs whose identities and addresses need to be determined.”
Tyka then names Bremer Trust, National Association, which she wants to serve as the official administrator of Prince’s estate. Tyka says she wants Bremer Bank because they have provided financial services to Prince for years, and they are well versed in his affairs and best suited to protect his assets.
Prince’s estate was said to be worth more than $150 million, which will likely inflate with posthumous music deals and a plan to turn his Paisley Park estate into a museum. Since his passing on April 21, 3.5 million Prince records have been sold.
In 2014, Prince gained rights to his catalog of master recordings following a years-long battle with Warner Bros. Records. Last summer he pulled his music off every streaming site with the exception of TIDAL.
Hip-Hop Wired reached out to Prince’s publicist to confirm the absence of a will but did not hear back by press time.