Prince's Sister Tyka Nelson Says There's No Will in New Legal Documents
Prince's sister, Tyka Nelson, has filed legal documents stating that she does not know if a will exists when it comes to her late brother.
Nelson filed documents in Prince's home town of Minnesota on Tuesday, asking a judge to appoint a "Special Administrator" since Prince himself didn't choose an executor to administer his estate in a will.
"I do not know of the existence of a Will and have no reason to believe that the Decedent executed testamentary documents in any form," the document obtained by ET reads. "A Special Administrator is needed because no Personal Representative has been appointed in Minnesota or elsewhere."
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Aside from Nelson, potential beneficiaries of Prince's fortune include the "Purple Rain" singer's five half-siblings: John Nelson, Norrine Nelson, Sharon Nelson, Alfred Jackson, and Omar Baker. Prince's deceased half-sister, Lorna Nelson, is also named in the document, though she left behind no children. According to Minnesota state code, Prince's estate will be divided among his siblings, since he didn't leave behind a living spouse, children, parents, or grandparents.
"The Decedent left surviving no spouse; issue; parents; brothers, sisters or issue of deceased brothers or sisters other than those named in this petition," the documents read.
Nelson is requesting that the court make Bremer Trust, National Association the Special Administrator in order to best protect Prince's assets, since Bremer Bank provided financial services to Prince for years and had knowledge of his personal and business financial affairs.
Prince's net worth is reportedly near $300 million, with his song catalog alone being worth $100 million, according to Bloomberg News. He had also signed a deal with Tidal for the exclusive streaming rights to his songs prior to his death.
However, ET has also unearthed documents that show Prince had liens against his Paisley Park property. Most notably, he was subjected to a lien against his Paisley Park property in Chanhassen, Minnesota, in 2013 for alleged federal back taxes owed from 2011. Prince was slapped with a similar federal tax lien for Paisley Park in 2013 for taxes allegedly owed from 2009 and 2010. It's unclear how the liens were resolved.
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Prince's longtime collaborator and one-time fiancee, Sheila E., told ET that handling Prince's estate will be "a process."
"All of that is being worked out with the family and lawyers and attorneys," she said.
Watch the video below for more on Prince's massive fortune.
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