In the developing saga to settle Prince's estate two more people have come forward claiming to be his heirs.
When news broke that the musician Prince did not have an estate plan experts were quick to predict that there would be multiple claims made for a share of his fortune by people claiming to be related to the musician. It appears that claimants are wasting little time in proving the experts right.
The Daily Mail reports that two more people have now submitted claims in "Two more ‘relatives' stake their claim to a share of Prince's fortune: Family of singer's late half-brother say birth certificate proves they are rightful heirs."
Both new claimants say they are the child of Prince's deceased half-brother Duane Nelson who passed away in 2011. One woman claims to be Nelson's daughter and his only living heir. However, the other claim was submitted by a woman who states that she is the mother of Nelson's 11 year old child.
If the claims can be proven, both would receive a share of Prince's estate unless someone else can prove he or she is Prince's child.
Many people might wonder whether the media coverage of Prince's estate is worth following. It should be.
Rarely do we get the opportunity to see what happens when a wealthy person dies intestate. The multiple claims of the musician's would-be heirs and the expected estate tax bill the estate pay should lead to valuable lessons about the importance of getting estate plans signed without delay.
Reference: Daily Mail (May 19, 2016) "Two more ‘relatives' stake their claim to a share of Prince's fortune: Family of singer's late half-brother say birth certificate proves they are rightful heirs ."
© 2020 Legacy Law Center