Bremer Bank, which has administered Prince's multimillion-dollar estate, fired back against two of the superstar's likely heirs who allege that bank-appointed experts mismanaged an October tribute concert.
Two of the heirs likely to receive a share of Prince's multimillion-dollar estate have accused the estate's special entertainment advisers of mismanaging an October tribute concert and holding on to profits the estate was guaranteed to receive.
At a contentious Minnesota state court hearing today, attorneys representing Prince’s likely heirs clashed over who should serve as the personal representative of an estate estimated to be worth between $100 million and $300 million -- and facing an imminent tax bill that could eat up nearly half that value.
The late artist's estate is estimated to be worth between $100 million and $300 million -- but his apparent failure to leave a will could mean that state and federal taxes, due Jan. 21, may claim nearly half of the estate.
We're one step closer to finally knowing who all of Prince's legal heirs are. A Minnesota state judge tossed out two claims filed by the heirs of a man who Prince had often spoken of as his brother, saying an unofficial, non-genetic family relationship would not allow them to inherit a portion of the late superstar's estimated $300 million estate.