Prince's siblings appear in court for first hearing to carve up his $500MILLION estate after legend's surprise death at the age of 57
- Five of Prince's six surviving siblings appeared in Minnesota court on Monday for the first hearing to sort out the legend's estate
- The 57-year-old music legend unexpectedly died late last month, and lawyers do not believe he left behind a will
- His estate is estimated to be worth in excess of $500million
- Since Prince was divorced and childless, his estate will likely be split evenly among his siblings - but the process could take years
- Judge Kevin Eide has appointed Bremer Trust to handle Prince's estate
- See more news on Prince's death at www.dailymail.co.uk/prince
Five of Prince's six surviving siblings appeared in court Monday for the first hearing to start sorting out an estate certain to be worth millions, a task complicated because the star musician isn't known to have left a will.
In a hearing that lasted a little over 12 minutes, Carver County District Judge Kevin Eide formalized his appointment last week of Bremer Trust to handle matters involving the estate of Prince, who died suddenly last month at age 57.
Prince's sister, Tyka Nelson, requested the appointment so that the company can manage Prince's estate until an executor is named. Eide asked the packed courtroom whether anyone knew of a will, and the courtroom was silent. Lawyers for Bremer Trust said they hadn't found one but would keep looking.
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Five of Prince's six surviving siblings appeared in court on Monday for the first hearing about splitting up the music legend's estate. Pictued center is Tyka Nelson, Prince's only full sibling
Prince's other half-siblings Norrine Nelson (center, in black), Sharon Nelson, Alfred Jackson, and Omarr Baker also appeared in court for the hearing on Monday
During the hearing, the judge asked whether there was a will and lawyers from Bremer Trust said they had not found one yet. Above Prince's half-brothers Alfred Jackson, left, and Omarr Baker, right, on Monday
The hearing didn't address how long the estate may take to settle or how much it is worth. Above, Prince's half-sister Sharon Nelson outside of court on Monday
'The court is not finding that there is no will, but that no will has yet been found,' the judge said.
The hearing didn't address how long the estate may take to settle or how much it is worth. His property holdings alone in Minnesota, including his Paisely Park studios in the Minneapolis suburb of Chanhassen, were worth about $27million, but music industry experts say his earnings after death are likely to be far more - in excess of $500million.
Prince (pictured above in February 2015) unexpectedly died on April 21 at the age of 57
He owned royalties for 30 albums, had regained ownership of his master recordings and is said to have been sitting on a cache of unrecorded material including an album with jazz great Miles Davis.
Prince was divorced and childless, so under Minnesota law his estate is likely to be split evenly among his surviving six siblings.
Tyka Nelson is Prince's only full sibling. Four half-siblings - Alfred Jackson, Norrine Nelson, Sharon Nelson and Omarr Baker - were present in court on Monday. A fifth, John Nelson, didn't attend.
Norrine Nelson and Sharon Nelson exchanged a hug in the courtroom, and family members chatted quietly. Tyka Nelson sat at a table between her two lawyers, while the four others sat side-by-side in the well, just behind their lawyers. None of the siblings commented afterward.
Frank Wheaton, an attorney for Alfred Jackson, said afterward that the siblings were cooperating in settling the estate.
'Everyone is in full accord,' he said.
Even if all the heirs really are in agreement, it's going to take a long time to settle the estate, Judith Younger, a University of Minnesota law professor who isn't involved in the case, told The Associated Press. Other claimants are likely to come forward, any disagreements with tax authorities over the value of the estate could result in litigation, and Minnesota courts haven't settled yet whether the rights to someone's likeness, such as Prince's, can be inherited.
'It a real mess that he left behind,' she said.
It's also possible that a will could turn up and that it could lead to fights over its validity, Younger said.
'I find it so hard to believe,' Younger said, noting how careful Prince was to keep control of his music and other business affairs. 'How can there not be a will?'
Susan Link, a Minneapolis estate attorney who also isn't involved in the case, said she doesn't think any of the lawyers involved will 'fan the fire' of any discord among the siblings and that their decision last week to sit the siblings down together was a good move. If the siblings can't agree, the personal representative will be going to court a lot, she said.
The hearing didn't address how long the estate may take to settle or how much it is worth. His property holdings alone in Minnesota, including his Paisely Park studios (pictured), were worth about $27million
Prince's half-sisters Sharon Nelson and Norrine Nelson arrive at Paisley Park recording studio after attending a hearing on the estate of Prince Rogers Nelson on May 2, 2016 in Chanhassen, Minnesot
Prince's half-sisters Sharon Nelson and Norrine Nelson stand outside of Paisley Park on Monday, following the court hearing
Attorney Frank Wheaton is escorted through the media as he exits the Carver County court house after the first hearing Prince's estate on May 2, 2016 in Chaska, Minnesota
Carver county Sheriffs deputies escort Prince's family and attorneys through the media as they exit the Carver County court house after the first hearing the musician's estate on May 2, 2016 in Chaska, Minnesota
A law enforcement official told the AP that investigators are looking into whether Prince, who was found dead at his home on April 21, died from an overdose and whether a doctor was prescribing him drugs in the weeks beforehand. The official has been briefed on the investigation and spoke on condition of anonymity because he was not authorized to speak to the media.
Eide did not set a date for future proceedings. But he noted the intense interest in the case, as reflected by the throng of media and lawyers inside and outside what would normally be a quiet suburban courtroom.
'We're not used to this much notoriety in Carver County,' the judge said.
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