01 Aug Money Does Matter 2Nite; PRINCE’s Estate Legal Bills Reach Almost $2 Million; Properties To Be Sold
Through June 30th, PRINCE‘s estate legal bills have reached almost $2 million dollars.
According to the associated press, Bremer Trust, the special administrator put in charge of Prince’s estate, is requesting permission to pay several law firms for work on the estate, the most belonging to Stinson Leonard Street, which totals $1.9 million by themselves. Other firms push it closer to that $2 million mark.
The fees were spelled out in a document made public Monday. Bremer Trust also asked the court handling Prince’s estate to approve its own fees – but filed those amounts under seal.
Another document shows Bremer is requesting permission to list some of Prince’s properties for sale. This does NOT include Paisley Park but properties and land he owned in Minnesota, Los Angeles, and other places.
In separate documents filed last week, it seems it is down to 6 people along with Tyka Nelson, Prince’s sister, for genetic testing at this time.
Also, in documents sent via text to DrFunkenberry.com, Bremer Trust is looking to extend music licensing agreements past the November 1st, 2016 deadline. Right now, they could approve music to be used in the $100,00-$500,000 rang and need more approval for licensing past the $1 million mark. The reasoning for them to be able to get quick approval on these things is for the amount of legal bills as well as the family being paid as they were while Prince was alive along with what will be taken by the IRS.-DocFB
Diagnosis: I know this is a sensitive subject for fans/fams. Please note, we are just trying to keep you updated in what is going on and what has been made public. Thank you.
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Jade
Posted at 10:59h, 02 AugustAmen, Rose.
Kissed by a Rose
Posted at 10:02h, 02 AugustLove & Miss You So Much My Sweet Prince! Some days I find it hard to believe you’re really gone. Your vultures,however,pick away at your bones, Karma to them. We just lost you, and everything they take from you, seems like another loss to those who truly Loved You. I am so glad the Family is having a tribute concert for you, hopefully not for just the money. God knows which Family members truly Loved & Cared about you baby. May they be the only ones who receive anything or any control from your estate. “You Will Be Forever Loved & Missed My Sweet Prince” RIP Babe
Jade
Posted at 09:54h, 02 AugustVery nice comment. Love 2 Love U, Prince.
Kiss from a Rose
Posted at 09:43h, 02 AugustMy God, could people wait for my Precious Sweet Prince to grow cold, before they start shredding from his bones.Karma to your Vultures! We just lost you baby, and this seems like a little loss each day. May you be Happy in Paradise My Love. You Will Always Be Missed & Loved from here! RIP SWEET PRINCE
Jade
Posted at 04:11h, 02 AugustAnd that seems 2 b what the powers at hand r doing.
Jade
Posted at 04:10h, 02 AugustI would have loved to have known and worked 4 him. Love 2 Love U, Prince.
Jade
Posted at 03:54h, 02 AugustDITTO, 2 U.
Jade
Posted at 03:51h, 02 AugustSeems some comments are deleted. WOW!
anon
Posted at 03:44h, 02 Augusthave comments been deleted?
Whitecaps
Posted at 01:58h, 02 AugustI want to trust but I don’t think Prince would like his friend reporting about any of this. Why are documents being text to people?
Jade
Posted at 01:52h, 02 AugustDITTO!
Jade
Posted at 01:44h, 02 AugustRelax. Grief is a process and many are still grieving.