Prince’s Sister Tyka Nelson Begins Legal Battle Over Net Worth and Estate Inheritance: Probate Filing in Minnesota

Prince's Sister Tyka Nelson Begins Legal Battle Over Net Worth and Estate Inheritance: Probate Filing in Minnesota

Prince died without leaving a will and now it appears his siblings, including his half brothers and sisters, could inherit and split his net worth. Prince’s sister Tyka Nelson has already filed probate documents in Minnesota court to make sure that she gets her share.

In case, Prince passed away without a will, Minnesota law imply his closest living relatives, his brothers and sisters would share equally in his estate. Tyka was Prince’s only full sibling. According to the latest reports from TMZ, Tyka Nelson has already filed probate documents in a Minnesota court, listing herself and her siblings as heirs to Prince’s fortune.

She also asked the judge to appoint Prince’s bank as an administrator to the finances since they handled all of his money.

Contrary to what people have assumed, Tyka would not get everything despite the fact that she has taken the reins. Under Minnesota law half sibling and full siblings are treated exactly the same as far an inheritance without a will is concerned, they will share equally.

Of his eight siblings, 2 are dead, leaving 6. However, if the deceased siblings have kids, they would be in line for the same share as their parent.

Who will inherit the net worth of Prince’s fortune now that Rogers Nelson is dead? Prince had deep-rooted money and cash-flow issues for years, multiple sources who advised Prince have confirmed. Sources familiar with the music icon’s finances revealed that he was not willing to sell or leverage his main asset – his colossal music catalogue.

The singer has sold over 100 million records worldwide and the fact that he was actually cash-strapped during his life seems unacceptable but that’s exactly what it looks like judging by reports online.

One thing is for sure though, Prince’s siblings will be living comfortably now that he has passed, and it will probably only be a matter of time before they start selling the rights to Prince’s music to make even more money off their late brother.

 Image Credit: FameFlynet

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