Of course we’re all devastated by the loss of Prince…and the symbol previously known as Prince. But Prince died without a will and continues to remind us of the most important things in life….(Like all that fun you had at your high school prom) and, far more importantly, the importance of having a will. When consumers ask, “How much does probate cost?” or “How long does probate take?” The answer to both those questions is,
YOU HAD BETTER HAVE YOUR WILL AND ESTATE PLANNING DOCUMENTS PREPARED BY A PROBATE ATTORNEY!
More on the Prince of Purple below:
A Minnesota bank that Prince did business with has been appointed to temporarily oversee the late musician’s multimillion-dollar estate.
Carver County First Judicial District Judge Kevin W. Eide on Wednesday named Bremer Trust to be the special administrator of the singer’s wealth. Prince, born Prince Rogers Nelson, died unexpectedly last Thursday. He was 57.
The move comes a day after Prince’s sister, Tyka Nelson, petitioned the court to appoint a controller to make decisions about her brother’s immediate business interests.
Eide, in his order, wrote that Prince died “intestate,” meaning he did not have a valid will. He said there was no pending application or petition for probate of a will involving Prince in any court.
Here’s more information on probate: