Saturday, December 07, 2019

Prince's Sister Facing Cash Flow Problems


Three years after his death Prince’s sister Tyka Nelson forced to sell off a chunk of her portion of his estate...

From The Blast
Tyka’s sale of Prince’s estate comes amid growing financial woes. Back in March, Tyka was ordered to pay up on $850,000 owed to lawyers who worked on her late brother's estate.
The judge found she owed money to three separate law firms. She owed the firm Gray, Plant, Mooty, Mooty & Bennett $116,652.11 for work done in 2016. Holland Knight is owed $717,254.37 for months of work. Another firm Barnes & Thornburg was owed $21,816.59. The money was to be collected from any money paid out to her from the estate. Back in October, another law firm accused Tyka of owing them money. The law firm Cozen O’Connor, claimed they are owed over $100,000 in legal fees for representing Prince's sister.
The law firms said it "intends to hold alien upon Tyka Nelson’s interest in the Estate of Prince Rogers Nelson, including any right to receive payments, property, proceeds, money or value of any kind, for agreed compensation for such services as were rendered by CozenO’Connor respecting Tyka Nelson’s interest in the Estate."
The family recently was shut down in their attempt to gain more control of the estate. 

Tyka is one of six heir's of her brother's estate.

18 comments:

iketernr said...

I knew this was going to happen. Easy come, easy go...

Alma's Daughter said...

His family is going to go through this fortune at lightening speed. Prince was barely cold before his music was all over youtube—and it was all legal. I knew then that somebody didn't know what they were doing. Damn shame.

Niyabinghi/ObeahWomanWarrior said...

SMH

Unknown said...

She was and I have been in serious shit even before prince died.

Anonymous said...

Is she a functioning illiterate? Why would anyone without any cash flow, hire this many law firms. She only needed to hire a trust & estates firm with an experienced IP department and that would have done it.

GREGGELLIS said...

WHY WAS IT SO MANY LAWYERS INVOLED …...WHERE IS THE MONEY FROM THE PAISELY PARK TOURS ,THEY SHOULD BE ATLEAST MAKING PAYMENTS TO THE LAWYERS WITH THAT INCOME ….SMH

Anonymous said...

Throw the whole ugly ass family away!

ms mac said...

Prince must be rolling over in his grave. Seems like none of our belated and beloved Black entertainers can rest easy knowing their legacy is intact and unmarred by some type of family fuckery.

Anonymous said...

Why ya'll hating on his family? It's the lawyers who are stealing all Prince money! 45 million to lawyers already and their not done! This is what happens when you don't have a dam will.

Anonymous said...

@6:50 I can't understand why Prince crazy ass didn't have a will. Must have been that Jehovah Witness bullshit that kept him from doing so. I love Prince but this was stupid to not have a will.

Tinky said...

Of course this was going to happen!! PRINCE knew this. He is/was very clever
RIP Maestro....

Anonymous said...

R in NYC says:

I never liked the fact the family had him cremated so fast. That was always suspect to me. His sister has always been bad with money.

4Real said...

People really believe he didn't have a will I really believe he did have a will but it was destroyed.

Anonymous said...

I knkw damn well Prince had a will. Someone thought destroying it would get the family paid, but they will never see the money. Having Prince cremated so auickly spoke scandal and cover-up

Unknown said...

I def agree that Prince had a will & it was DESTROYED!! Fact he was cremated sooo quickly!!! Def SCANDAL AND COVER-up!!!!!

Resa said...

���������� I miss ��Prince

Anonymous said...

Well Prince is gone, and this is the reality, we still have his music, I can deal with that, sadly his family, I assume he didn't mess with them much for this exact reason.

Anonymous said...

....Prince knew that money didn't matter to him anymore, he has no kids.....his view was let'em fight it out...what does it matter to you once you are dead, you don't remember this mess. If he had kids yes it mattered....but just like myself if I had no children, I would't care what happened to this JUNK, my concern is my soul.

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