MINNEAPOLIS — Prince’s sister believes the superstar musician didn’t have a will and has asked a Minnesota court to appoint a special administrator to oversee his multimillion-dollar estate, according to court documents filed Tuesday that could signal a looming fight over Prince’s assets.
The documents filed by Tyka Nelson, Prince’s only surviving full sibling, don’t estimate how much his estate may be worth, but Prince made hundreds of millions of dollars for record companies, concert venues and others during his career.
Mark Roesler, CEO of CMG Worldwide, which handles licensing for the estates of Marilyn Monroe, James Dean and other stars, estimates that Prince’s post-mortem earnings could match Elvis Presley, whose estate made $55 million in 2015.
Under Minnesota law, if a person dies without a will — and with no surviving parents, children or grandchildren — the next people in line to share in the estate are the surviving siblings, including half-siblings. Prince wasn’t married and had no known living children.
