Prince Estate Selling Six Properties After Judge Approval

Prince Estate Selling Six Properties After Judge Approval


Prince Estate Selling Six Properties After Judge Approval news

A Minnesota judge has granted permission to Prince’s estate to sell six of the late musician’s properties Credit: Christopher Polk/Getty

A Minnesota judge granted approval to Prince's trust on Thursday to sell six of the late musician's properties. Carver County Judge Kevin Eide permitted Bremer Trust, which is managing Prince's assets, to liquidate a mix of homes, vacant lots and one small commercial building with an estimated value of $22 million, MPR News reports. 

Most of the six properties are located in Prince's hometown, Chanhassen, Minnesota, a suburb of Minneapolis. The list also includes an unspecified property in the Turks and Caicos islands and a 156-acre plot located on the shores of Lakes Ann and Lucy, valued at nearly $14 million. The music icon's Paisley Park complex is not included in the breakdown of 15 properties that estate managers hope to sell.

Judge Eide permitted Bremer Trust to list these first six properties on August 26th, after Prince's half-brother Alfred Jackson has been allowed to tour them. The estate must submit another affidavit before listing the remaining parcels.

In late July, Eide threw out 30 claims to Prince's estate. He also ordered DNA testing on six people previously assumed to be related to the musician, who died in April at age 57 from an opioid overdose

An all-star Prince tribute concert has been scheduled for October 13th at Minneapolis' U.S. Bank Stadium. While a list of performers hasn't been revealed, his family's wish list includes Lady Gaga, Steve Wonder and Bruno Mars.

"As Prince's older brother, I have often marveled at my younger brother's musical genius," Jackson recently told Rolling Stone. "Now that he is gone, I am prayerful that the world can learn to love him as I did through the continued legacy and genius of his music."