The Prince’s estate is worth $156.4 million

Prince’s estate has officially been valued. Follow Minneapolis Star Tribune, the icon’s assets are valued at $156.4 million. Previously, this property was appraised by Comerica Bank & Trust for $82.3 million. The IRS puts the value at $163.2 million.

The number was agreed by Comerica and the IRS and received the seal of approval from the Prince’s heirs. The distribution of wealth can begin this coming February.

At a hearing Friday in Carver County Court, L. Londell McMillanan attorney for Prince’s three siblings, said, “It’s been a long six years.”

The prince passed away in April 2016 without leaving a will. Prince’s two heirs and siblings passed away during the estate valuation. The other two are in their 80s. The fortune will be split roughly equally between Primary Wave, a well-funded New York music group, and the three oldest of the six heirs to the sound legend. music or their family.

The element of Prince’s inheritance was cleared by the IRS and Comerica last spring. However, it will not be until October that the more difficult work of assessing intangible assets such as Prince’s music copyrights will end.

Full details of the agreed value and distribution can be read here.

https://thesource.com/2022/01/23/icymi-princes-estate-valued-at-156-4-million/?utm_source=rss&utm_medium=rss&utm_campaign=icymi-princes-estate-valued-at-156-4-million The Prince’s estate is worth $156.4 million

Olly Dawes

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