CKNW: The Legal Fallout After Prince's Death

Today I joined CKNW's Shane Foxman to discuss the latest legal news on Prince and his death. Thus far, no will has been produced, and a trust company has been appointed to temporarily oversee his estate. Under Minnesota law, when a decedent dies intestate (without a will) and is unmarried and has no children, the decedent’s siblings inherent shares of the estate, equally. Prince has one sister and five living half-siblings. Minnesota law makes no distinction between full siblings and half-siblings, so it is likely Prince’s estate will be distributed among his living siblings, equally. Those siblings are expected in court tomorrow for a hearing regarding his estate. However, it is likely this will be the first of many hearings, in a long battle to determine how to distribute his estate. The value of his estate is not yet known.