In the last few years, we have lost some truly talented, respected and remarkable men and women. One of those has been music icon Prince. He also is in the group of superstars who didn’t have a will, such as Amy Winehouse, Sonny Bono, Jimmy Hendrix and Bob Marley.
The special administrator for the Prince case is giving possible heirs a week after they file a claim to complete and submit an affidavit that chronicles the family history. The affidavit asks personal questions about their marital history and parentage. A birth certificate is also required to be submitted.
If the special administrator decides that more information is needed or that genetic testing is required, the potential heirs have to pay for that themselves. If someone does not comply with the order, then he or she has three days to dispute having to provide the information to the court
There are multiple people who say that they are Prince’s heirs and, therefore, should receive part of Prince’s fortune. For example:
— A woman says that she is Prince’s niece
— The guardian of an 11-year-old girl says that the girl is Prince’s grandniece.
— A 39-year-old man has filed a paternity claim against Prince’s estate. He is currently incarcerated but says he is Prince’s sole surviving heir.
— Another man says that he is the result of a one-night stand that his mother had with Prince in 1976.
Prince’s estate is estimated to be worth about $250 million. Without a will, Prince’s sister and five half-siblings will have a long road ahead of them as they try to settle the star’s estate.
While you may not have the assets of Prince, you probably do have items, assets and real estate that you want to make sure is given to the right people when you pass away. In order to do this, you will have to complete some form of estate planning documents.
Source: People, “Alleged Prince Heirs Will Be Required to Testify Under Oath to Prove Relation to the Singer,” Lindsay Kimble, June 02, 2016
