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Prince

Estate Set To Dump Prince’s Properties

Prince, a seven-time Grammy winner, who also earned himself an Oscar for the 1984 film “Purple Rain,” may be deceased but his name and assets still lingers. The late musician was found unresponsive on the 21st of April, 2016, in an elevator at Paisley Park, his long-time recording and residential compound in Chanhassen, MN, about 20-miles southwest of downtown Minneapolis.

An autopsy revealed the star passed at 57, without natural-born heirs or a will in place, of an accidental overdose of the powerful and powerfully addictive opioid fentanyl.

Not surprisingly, dozens of people have come forward to stake claims on the enigmatic and flamboyant singer’s superstar-sized fortune, estimated to be between $250-300 million. The presiding judge reportedly dismissed close to 30 cases has ordered at least six people, all previously believed to be relatives of the star, to be DNA tested for genetic parity.

Prince’s massive real estate holdings are now about to hit the open market … if his estate gets a judge’s approval.

The special administrator of Prince’s estate has filed a request to start unloading various real estate holdings. It won’t be a fire sale though … according to the docs, the estate says it will only accept offers that are at least 90% of fair market value.

It’s unclear exactly which of his properties will be for sale — the court has sealed that part of the request — but Prince is known to have real estate in Minnesota, Beverly Hills, New York and possibly more. His Minnesota holdings alone have been estimated at nearly $30 mil.

The move is a sign Prince’s heirs are looking to liquidate his assets rather than hold onto ’em for sentimental reasons.

The judge still needs to sign off on the deal.

culled from various sources

 

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