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Solicitors Warning After Prince Dies Without Making A Will

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A court in Minnesota has declared that the musician Prince had no known will and has moved to appoint an executor for the 57-year-olds estate.

The singer's estate which includes his $10 million Paisley Park estate is thought to be worth close to $300m. But incoming song writing royalties plus rights to the singer's much documented vault of unreleased music could be worth much more, with estimates as high as $500m being made.

Partner, Daniel Prince, (no relation) said he hoped the case would highlight the importance of making a Will.

Obviously this is an extreme situation and we don’t often come across estates of this size and magnitude, but if you want your wishes to be observed and your money and property to pass on to whomever you choose it is necessary to make a Will,” he said.

Prince Rogers Nelson was married and divorced twice, and both of his parents have passed away. His sister has listed herself and five other siblings and half siblings, who will all be in line to benefit as according to Minnesota's intestate succession rules, “half” relatives inherit as if they were “whole.”

Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

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