The Minnesota courts are still dealing with Prince estate.
April 21, 2016.
This is the date Prince was found dead.
We are rapidly approaching the two year anniversary (and the 102 anniversary of the date Manfred Albrecht Freiherr von Richthofen was shot down and killed* over the Western Front in France ... but I digress).
Surely, the estate would be settled completely in two years.
According to a recent Minneapolis Star-Tribune article titled “Minnesota Supreme Court rejects two Prince heirs,” the courts are still sorting through assets and heirs.
The Minnesota Supreme Court has denied two individuals the right to be heirs.
These are the first to be rejected by the Supreme Court.
Others have been rejected in the Court of Appeals.
Who were these individuals?
The first was Darcell Gresham Johnston.
The second was Venita Jackson Leverette.
What do they have in common?
Both claimed to be a half-sibling of Prince.
Johnston and Leverette both claim to share the same father as The Artist (formerly known as Prince).
Why is this estate causing so many issues?
Prince did not have a will.
As a result, many are trying to get a share of his $100 million to $300 million dollar estate.
Who made the cut?
Heirs will be Prince’s sister, Tyka Nelson, and his half-siblings, John Nelson, Sharon Nelson, Norrine Nelson, Omarr Baker, and Alfred Jackson.
Many delays and demands on the court could have been avoided had Prince simply made a will.
Even a very "simple" will at that.
Do not leave your loved ones a similar mess.
Work with an experienced estate planning attorney to create a plan to meet your specific goals and needs.
So, how do you find an "experienced" estate planning attorney?
First, ask around. Friends, family and other professional advisors are trustworthy sources.
Second, conduct an "organic" search on "Google" for "estate planning" near you (e.g., "Estate Planning Anytown MoKan").
Third, either way, verify! Check out the education, experience, ratings and client reviews of any attorney before you contact him or her.
In fact, I use both of these services to thoroughly vett attorneys before referring members of our "client" family for legal help in other areas of law or for matters in jurisdictions outside Kansas or Missouri.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
*There was in 1918 (and continuing to this day) considerable controversy regarding whether the bullets that felled the storied "the Red Baron" were fired from ground or a pursuing Sopwith Camel piloted by a Canadian Captain Arthur "Roy" Brown.
Reference: Minneapolis Star-Tribune (November 29, 2017) “Minnesota Supreme Court rejects two Prince heirs”