Tags: Prince | sister | Tyka Nelson | inherit

Report: Prince's Estate Could Go to Only Sister If He Left No Will

Report: Prince's Estate Could Go to Only Sister If He Left No Will
 (AP)

By    |   Saturday, 23 April 2016 07:15 PM

Prince's estate will most likely go to his only sister if the music icon, who died Thursday at age 57, did not leave a will.

Under Minnesota law, Tyka Nelson, 55, will receive Prince's estate as his closest living relative, The Daily Mail reports.

The actual value of Prince's estate remains to be determined. His net worth was approximately $300 million, the Mail reports, and his music catalog is estimated by a former manager at more than $500 million.

He also left a trove of unrecorded music in a secret vault that could produce studio albums every year for the next century, the New York Daily News reports.

Warner Music Group, which owns Warner Bros. Records, owns half of the rights to Prince’s music recorded between 1978 and 1996, according to that report.

Last year, Prince signed a deal to stream all his music on Tidal, the music service owned by hip-hop mogul Jay Z. He also owned part of the company, The Wall Street Journal reports.

Prince was pronounced dead Thursday morning after first-responders found his collapsed body in an elevator at his Paisley Park Studios and home in Chanhassen, Minn.

Authorities had been called after staffers could not reach him by telephone, Carver County Sheriff Jim Olson said Friday.

Olson said that Prince died alone and that his body bore no obvious signs of suicide or trauma.

"We have no reason to believe at this point that this was a suicide," Olson said at a news conference.

Tyka Nelson thanked fans Thursday in person and on Facebook for their tributes after Prince's death.

"He really loved you all," she told supporters outside Paisley Park, the Daily Mail reports.

Tyka and her late brother's parents, John Nelson and Mattie Shaw, are both dead, according to the Mail.

Prince's other closest relatives are three half-sisters and four half-brothers.

His father, John, had three daughters and two sons from his marriage to Vivian Nelson after his divorce from Shaw, according to the Mail. A son and daughter each has died.

Prince's mother, Mattie, later remarried and gave birth to two sons.

According to Minnesota law, if an unmarried person with no children dies without a will, the parents, grandparents and siblings would inherit their wealth.

That law, however, can be contested in court under certain circumstances, the Mail reports.

Tyka Nelson is also a singer, releasing her last recording — "A Brand New Me — in 2008, The Root reports.

In recent years, she and Prince had become close after a difficult period in Tyka's life when she was struggling with a crack addiction and prostitution to support herself and two young sons, the Mail reports. She later entered rehab.

Tyka has openly discussed her travails and strained relationship with her brother during that period, telling The National Enquirer in 2003: "I pawned the car Prince had given me and sold the kids' TV for drugs."

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Under Minnesota law, Tyka Nelson, 55, will receive Prince's estate as his closest living relative, The Daily Mail reports.
Prince, sister, Tyka Nelson, inherit
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2016-15-23
Saturday, 23 April 2016 07:15 PM
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