Prince’s siblings agree on which bank should handle the late musician’s estate, but they disagree on who should be the overall overseer of estate affairs.
Six prospective heirs met in a Minnesota court last week to discuss the estate’s affairs.
The siblings were in agreement on having Michigan-based Comerica bank as the administrator of Prince’s estate. But when it came to choosing the long term representative of the estate on commercial matters, two names were in play and no agreement was made.
Tyka Nelson and Prince’s half-brother Omarr Baker want Anthony ‘Van’ Jones to get the key role of the running of the estate. Jones was Prince’s advisor when it came to his philanthropic ventures and the 2014 deal with Warner Music.
But four other step-siblings think Prince’s long-term attorney L Londell McMillan should continue being the estate’s main deal maker. McMillan and one-time EMI executive Charles A Koppelman have been handling Prince’s estate matters to date.
According to Billboard, Nelson and Baker say that they’ve had “a lack of disclosure from Mr McMillan about his ongoing financial interest in the estate’s music deals”. The other siblings, meanwhile, say that Jones is already working for Nelson and Baker directly, so would be biased towards certain heirs if he was leading on the estate’s commercial dealings. Read more…
The judge declined to show his preference for either Jones or McMillan and only indicated what criteria he would likely use for settling the matter.
(Image Source: Scott Penner, Flickr, CC by 2.0)