Judge declares Prince's 6 siblings the heirs to his estate
19 Mai, 2017, 22:32 | Author: Claudine Rigal
But on Friday, a judge ruled that his siblings will inherit his $200 million estate.
The six heirs - his sister Tyka Nelson and five half-siblings: Omarr Baker, Alfred Jackson, John L. Nelson, Norrine Nelson and Sharon Nelson - have always been considered the presumed heirs, after a number of claimants were denied past year.
More than 45 people filed claims to be Prince's family members in the wake of his passing previous year, with some claims of heirship to be his wife, children, siblings or extended relatives still pending.
Carnival Corp (CCL) Position Cut by TD Asset Management Inc
Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Following the sale, the director now directly owns 26,684 shares in the company, valued at approximately $1,555,410.36.
There still remain some who filed appeals for their rejected claims of heirship, and Judge Eide said that he will consider the appeals if they are sent back to him by the appellate courts.
Judge Eide also said Prince's assets will not be distributed without a formal court order and that nothing will be distributed that might adversely affect the claims of those with pending appeals. Lawyers for those who appealed said their interests would be harmed if the district court did not wait for the appeals process. Lawyers for the siblings didn't want to wait, though, saying further delays would increase costs to the estate and impede its efficient administration. Federal and state estate taxes are expected to consume about half the value.
Prince died April 21, 2016, of an accidental drug overdose. That didn't happen (two banks were named administrators) but at the time, Nelson listed her five half-siblings, Omarr Baker, Alfred Jackson, Sharon Nelson, Norrine Nelson, and John R. Nelson, as potential heirs.
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