The 2016 death of Prince has ended with no criminal charges. However, the siblings of the musical icon have yet to collect their portions of his $200 million estate. The payout of Prince’s estate to his heirs is an ongoing saga. Since there was not a will in place, his siblings continue to go through the motions with each other and the executor, Comerica Bank and Trust, lawyers and the IRS. the executor can not split the money among the surviving six siblings until it is confirmed exactly how much money Prince was worth when he passed away. Court documents suggest that Prince was worth an estimated $200 million before taxes. This number may increase or decrease once attorneys, accountants, and music insiders complete their appraisal process of various deals that are on the table. Most of these deals include licensing Prince’s music, videos, and assets like the Paisley Park studio. What is known now, is that bankers and attorneys have been paid millions so far. Also, the IRS and state of Minnesota are entitled to collect about half of the estate’s worth. In the end, the six siblings might not receive much. Source: AP Photo credit: Getty Images
