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Reply #60 posted 06/10/16 3:39pm

EnDoRpHn

FlyOnTheWall said:

jaimestarr79 said:

The huge tax bill is a silver lining! This will make sure all of the music will be released! for who ever inherits the estate. There is plenty of money to go around. How much money do they need? Everyone will be just fine...no need to worry. The family will make money and his legacy will live on through his music.

Read this article and see if you still think the tax bill is a silver lining.

Judge Orders Prince Estat...w Imminent

Wheover wrote that article doesn't know what they're talking about.

First, they're called "estate" taxes, not "state taxes".

Second, the PRINCE Act was abandoned because of serious First Amendment questions. It would not apply in this regard in any case, since it only sought to restrain the UNAUTHORIZED use of his name or likeness. Any effort to generate income from the estate would certainly be authorized, both by a court and by the appointed executor.


Finally, while Bremer is likely to start cracking down on unauthorized distribution (i.e., YouTube patrolling will ramp up again), the article seems to find as much worry in a "bootlegging" crackdown as in a "fire sale". The latter is not in the estate's self-interests, and is not logically consistent with the former. Bremer's fiduciary duty is to maximize the value of and protect the estate, not to initiate a fire sale.

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Reply #61 posted 06/10/16 3:41pm

avajane

With no will, this is what happens.
Love is God,
God is Love
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Reply #62 posted 06/10/16 4:01pm

XxAxX

avatar

what if it's actually buried in that time capsule thingy of his? on paisley park grounds somewhere??? eek ooooh. a midnight mystery

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Reply #63 posted 06/10/16 4:17pm

FlyOnTheWall

EnDoRpHn said:

FlyOnTheWall said:

Read this article and see if you still think the tax bill is a silver lining.

Judge Orders Prince Estat...w Imminent

Wheover wrote that article doesn't know what they're talking about.

First, they're called "estate" taxes, not "state taxes".

Second, the PRINCE Act was abandoned because of serious First Amendment questions. It would not apply in this regard in any case, since it only sought to restrain the UNAUTHORIZED use of his name or likeness. Any effort to generate income from the estate would certainly be authorized, both by a court and by the appointed executor.


Finally, while Bremer is likely to start cracking down on unauthorized distribution (i.e., YouTube patrolling will ramp up again), the article seems to find as much worry in a "bootlegging" crackdown as in a "fire sale". The latter is not in the estate's self-interests, and is not logically consistent with the former. Bremer's fiduciary duty is to maximize the value of and protect the estate, not to initiate a fire sale.

Here is another, provocatively titled article:


Little Red Corvette Repos...e's Estate

Here is the most relevant portion of the article:

That means a Minnesota judge has some hard decisions to make as several relatives and at least one federal prison inmate battle it out over who's his rightful heir.

And as lawyers for the company overseeing the estate pointed out Tuesday, all of it must be sorted out by Jan. 21, when the bill comes due to the IRS and state tax authorities.

Douglas Peterson, an attorney for Bremer Trust, the wealth management firm appointed to manage Prince's estate, told Carver County District Judge Kevin W. Eide that Uncle Sam and the state would be due taxes equivalent to half of the cash value of the estate, which has been estimated by various experts at as much as $300 million.

But if Prince died without that much cash on hand, many of his non-cash assets will have to be sold off to pay the bill, Peterson said.

That could include the 2,000 unreleased songs still in Prince's vault, worldwide rights to his music and image, his cherished guitars and other rare memorabilia, digital streaming revenue and possibly even his Paisley Park home and studio.

And the sooner the better, Peterson said.

"The challenge we face is to spin yarn into gold under time pressure," he told Eide. "The point is this is a dynamic, wide-ranging business, and we must keep on schedule to make the deadline. If we do not, the government will not wait. They will have a fire sale, and that is not in the best interests of anyone."

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Reply #64 posted 06/10/16 5:10pm

EnDoRpHn

FlyOnTheWall said:

"The challenge we face is to spin yarn into gold under time pressure," he told Eide. "The point is this is a dynamic, wide-ranging business, and we must keep on schedule to make the deadline. If we do not, the government will not wait. They will have a fire sale, and that is not in the best interests of anyone."

I'm not trying to suggest that anything about the current circumstances is helpful. But every reliable source, including the one above, has said the same thing: there will only be a fire sale if some meaningful alternative to raise cash is not developed in the meantime. As I said before, Bremer's duty is to maximize the value of the estate. I can't imagine they dont' already have a relatively good handle on other non-cash assets, such as real estate.

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Reply #65 posted 06/10/16 5:36pm

FlyOnTheWall

EnDoRpHn said:

FlyOnTheWall said:

"The challenge we face is to spin yarn into gold under time pressure," he told Eide. "The point is this is a dynamic, wide-ranging business, and we must keep on schedule to make the deadline. If we do not, the government will not wait. They will have a fire sale, and that is not in the best interests of anyone."

I'm not trying to suggest that anything about the current circumstances is helpful. But every reliable source, including the one above, has said the same thing: there will only be a fire sale if some meaningful alternative to raise cash is not developed in the meantime. As I said before, Bremer's duty is to maximize the value of the estate. I can't imagine they dont' already have a relatively good handle on other non-cash assets, such as real estate.

I understand. Still, the very mention of a potential "fire sale" of Prince memorabilia and songs from his vaunted vault is, well, inflammatory.

Personally, I think Bremer should consult with Prince's former tour manager and former President of Paisley Parks Records, Alan Leeds. His suggestion of how best to approach the vault and re-issues of classic Prince albums is the best and most logical I've heard yet. Moreover, I believe one of the first releases should be a reissue of the Sign 'o The Times movie, in theaters, on DVD, electronically, etc. They just need to slow the train down, even as they move expeditiously, and maximize what is there. For instance, Prince reportedly filmed ALL (or MOST) of his concerts. Can you imagine how much money could be generated from those alone??

At any rate, here is the Leeds interview, with this being the most relevant portion.


Alan Leeds Tells The Full...The Vault!

OKP: Can we talk about The Vault? We understand you might be wary of weighing in prematurely…but as the main caretaker of James Brown’s archival legacy, who also had such a long working relationship with Prince you seem uniquely qualified to speak to the handling of his unreleased body of work. In your opinion how should his musical archive be handled, and what do you think are the realistic or legal possibilities around it?

AL: Please share your view of my qualifications to mine the Prince vault with his family, who will be responsible for making that decision! [laughs] My experience with producing similar projects with James Brown’s archive has taught me that much of what is unissued is unissued for a reason. Prince has hundreds, if not thousands, of tapes full of unreleased material. I suspect much of it is unfinished and if it were up to me, nobody is going to make an album by finishing incomplete songs ala some of the posthumous Jimi Hendrix albums. No way. There are some intriguing jam-oriented projects that were aborted in the late 1980s – hours and hours of Prince jamming with Eric, Sheila, Wendy & Lisa, that could probably make a terrific album but one without anything resembling a hit “song.”

But in this fantasy, my priority would be to produce remastered, deluxe editions of Prince’s classic albums. The CDs available are still the old, original CD masters. They could be tremendously improved sonically and could include chronologically relevant bonus tracks, non-LP singles “B” sides and perhaps a few choice unissued tracks. Secondly, I’d love to compile a series of “live” recordings, representing each of his major ‘80s/early ‘90s tours. Tons of shows have been bootlegged but many were professionally recorded and there are some incredible performances.



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Reply #66 posted 06/10/16 6:52pm

mimi1956

avatar

captiveunicorn said:

I agree with you. I'm so bewildered by this. I held out hope that once the cause of death/death certificate was issued that someone would step forward but now? Wow. It seems that Prince just keeps surprising me in his death. I guess him not having a will is not so surprising - my 90 year old neighbour does not have a will eek - so why should a 57 year old man? Except for the fact that he had a multimillion dollar music empire that he fought desperately hard for, was notoriously private (creating a private trust would have kept his affairs secret), and a strong philanthropist - did he really not care who profited from his millions once he died??? I find it difficult to accept, like most things about his death sad

I wonder if anybody has searched the vaults for the will?

admission is easy, just say U believe, then come 2 this place in your heart.
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Reply #67 posted 06/10/16 6:58pm

mimi1956

avatar

XxAxX said:

sorry for the edits; yes i think that prince left behind instructions of some kind, somewhere. a will can take many forms, and could even have been videotaped. imo that would have been more like prince

[Edited 6/10/16 7:21am]

Check the dang vault, how many tape recordings are in there???

admission is easy, just say U believe, then come 2 this place in your heart.
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Reply #68 posted 06/10/16 7:04pm

EnDoRpHn

FlyOnTheWall said:

I understand. Still, the very mention of a potential "fire sale" of Prince memorabilia and songs from his vaunted vault is, well, inflammatory.

Personally, I think Bremer should consult with Prince's former tour manager and former President of Paisley Parks Records, Alan Leeds. His suggestion of how best to approach the vault and re-issues of classic Prince albums is the best and most logical I've heard yet. Moreover, I believe one of the first releases should be a reissue of the Sign 'o The Times movie, in theaters, on DVD, electronically, etc. They just need to slow the train down, even as they move expeditiously, and maximize what is there. For instance, Prince reportedly filmed ALL (or MOST) of his concerts. Can you imagine how much money could be generated from those alone??

At any rate, here is the Leeds interview, with this being the most relevant portion.


Alan Leeds Tells The Full...The Vault!

OKP: Can we talk about The Vault? We understand you might be wary of weighing in prematurely…but as the main caretaker of James Brown’s archival legacy, who also had such a long working relationship with Prince you seem uniquely qualified to speak to the handling of his unreleased body of work. In your opinion how should his musical archive be handled, and what do you think are the realistic or legal possibilities around it?

AL: Please share your view of my qualifications to mine the Prince vault with his family, who will be responsible for making that decision! [laughs] My experience with producing similar projects with James Brown’s archive has taught me that much of what is unissued is unissued for a reason. Prince has hundreds, if not thousands, of tapes full of unreleased material. I suspect much of it is unfinished and if it were up to me, nobody is going to make an album by finishing incomplete songs ala some of the posthumous Jimi Hendrix albums. No way. There are some intriguing jam-oriented projects that were aborted in the late 1980s – hours and hours of Prince jamming with Eric, Sheila, Wendy & Lisa, that could probably make a terrific album but one without anything resembling a hit “song.”

But in this fantasy, my priority would be to produce remastered, deluxe editions of Prince’s classic albums. The CDs available are still the old, original CD masters. They could be tremendously improved sonically and could include chronologically relevant bonus tracks, non-LP singles “B” sides and perhaps a few choice unissued tracks. Secondly, I’d love to compile a series of “live” recordings, representing each of his major ‘80s/early ‘90s tours. Tons of shows have been bootlegged but many were professionally recorded and there are some incredible performances.



I don't disagree with Alan Leeds. What the "inflammatory" articles and headlines skipped over is the fact that the court earlier this week authorized Bremer to bring in "industry experts" to maximize the value and develop a strategy. That is the opposite of a fire sale approach.

That being said, it will probably lead to some things that will meet with distaste from long-time fans, such as incidental licensing of Prince's music for commercials, product placements, and the like.

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Reply #69 posted 06/10/16 7:39pm

FlyOnTheWall

EnDoRpHn said:

FlyOnTheWall said:

I understand. Still, the very mention of a potential "fire sale" of Prince memorabilia and songs from his vaunted vault is, well, inflammatory.

Personally, I think Bremer should consult with Prince's former tour manager and former President of Paisley Parks Records, Alan Leeds. His suggestion of how best to approach the vault and re-issues of classic Prince albums is the best and most logical I've heard yet. Moreover, I believe one of the first releases should be a reissue of the Sign 'o The Times movie, in theaters, on DVD, electronically, etc. They just need to slow the train down, even as they move expeditiously, and maximize what is there. For instance, Prince reportedly filmed ALL (or MOST) of his concerts. Can you imagine how much money could be generated from those alone??

At any rate, here is the Leeds interview, with this being the most relevant portion.


Alan Leeds Tells The Full...The Vault!

I don't disagree with Alan Leeds. What the "inflammatory" articles and headlines skipped over is the fact that the court earlier this week authorized Bremer to bring in "industry experts" to maximize the value and develop a strategy. That is the opposite of a fire sale approach.

That being said, it will probably lead to some things that will meet with distaste from long-time fans, such as incidental licensing of Prince's music for commercials, product placements, and the like.

As long as it's tastefully done, I am not averse to licensing. I read that Prince was in talks with Yamaha to become their "Piano Man"; although, I've only seen that report in TMZ.

PRINCE Came So Close to BECOMING THE PURPLE PIANO MAN

[Edited 6/10/16 19:42pm]

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Reply #70 posted 06/10/16 8:01pm

funksterr

I don't believe he had any estate plan because when asked about the vault (Ebony Magazine), he didn't know who would release it when he died but he knew someone would. Doesn't sound like a guy that made an esate plan.

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Reply #71 posted 06/10/16 8:31pm

FlyOnTheWall

funksterr said:

I don't believe he had any estate plan because when asked about the vault (Ebony Magazine), he didn't know who would release it when he died but he knew someone would. Doesn't sound like a guy that made an esate plan.

I've also heard him say that in several interviews, but that doesn't mean that he didn't have an estate plan. There is so much more than The Vault to consider in his estate, not the least of which is his philanthropic and charitable pursuits. As it stands, that has effectively died.

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Reply #72 posted 06/10/16 9:16pm

FlyOnTheWall

FlyOnTheWall said:

EnDoRpHn said:

FlyOnTheWall said:

I don't disagree with Alan Leeds. What the "inflammatory" articles and headlines skipped over is the fact that the court earlier this week authorized Bremer to bring in "industry experts" to maximize the value and develop a strategy. That is the opposite of a fire sale approach.

That being said, it will probably lead to some things that will meet with distaste from long-time fans, such as incidental licensing of Prince's music for commercials, product placements, and the like.

As long as it's tastefully done, I am not averse to licensing. I read that Prince was in talks with Yamaha to become their "Piano Man"; although, I've only seen that report in TMZ.

PRINCE Came So Close to BECOMING THE PURPLE PIANO MAN

[Edited 6/10/16 19:42pm]

Also, what would it take for Paisley Park to launch its own dedicated streaming service? How much would it take to set that up? In keeping with Prince's belief, the service could be limited to selling albums.

[Edited 6/10/16 21:19pm]

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Reply #73 posted 06/10/16 10:27pm

RiotPaisley

I wouldn't say now would be the ideal time to release NEW Prince.

Nostalgic Prince is where it's at to keep the lights on at Paisley Park. That anniversary edition Purple Rain will bring in so much money. Quickly follow with SOTT in bluRay special edition box set- that will be 30 next year right?

You get the 32nd Anniversary Edition of PR out ASAP - June 25 if you can. I would believe it's just sitting there ready and waiting to hit the shelves. Follow up with 35th anniversary of 1999 you dip back into pre Purple Rain Era Prince around New Years. He has so much stuff from that time... Then around Fall you do 30th SOTT. BluRay.

That will hook everyone new and old to Prince. Then you can do a New release like BITNB

Taxes have to get paid. Like it or not.

Or will we finally protest taxation with out equal representation in the case of Fams vs The State of Minnesota? We don't have time for that.

See the man cry as the city
Condemns where he lives
Memories die but taxes
He'll still have to give
(Who) Whoever said that elephants
Were stronger than mules?
Come 2 the park
And play with us
There aren't any rules
In Paisley Park
[Edited 6/10/16 22:50pm]
Surprise, surprise.
Another treat. Another trick.
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Reply #74 posted 06/10/16 10:30pm

RiotPaisley

XxAxX said:



FlyOnTheWall said:




XxAxX said:



.


oh! sorry. i didn't know if, or what, taxes might be relevant. my above remakrs were sheer speculation.


.


so, estate taxes are due immediately huh? eek i admit i am not qualified to give legal advice nor am i doing so, but that still seems odd to me, this unseemly haste with which all of these demands are being made on an estate that still has yet to be quantified with any specificity.


.


again, i'm not an expert on probate matters, but why on earth haven't the estate administrators applied for an emergency extension and/or tax relief?


.


surely, the court would HAVE to be sympathetic on the highlgy public and unresolved matters surrounding prince's passing. the easily supportable argument would be the public good, and specific benefit to all beneficiaries who can't be expected to sell things off without proper valuation. right?????



The estate taxes are due in January.



.


hmmm. it all depends right? january is far enough out to release prince's alleged last project "Black is the New Black" online and offline for sale to a global market, eager for such a *new* prince release, following his passing.


.


moreover, if fans knew that sales proceeds would be partly dedicated to help preserve prince's legacy from a tax fire sale, i betcha fans would cough up the $$




They aren't itching for new Prince. That's been the problem. Sorry but they want Purple Rain right now. Dirty hippie Prince.
That's what time it is.
Surprise, surprise.
Another treat. Another trick.
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Reply #75 posted 06/10/16 10:46pm

RiotPaisley

XxAxX said:

what if it's actually buried in that time capsule thingy of his? on paisley park grounds somewhere??? eek ooooh. a midnight mystery



Yes and the map is hidden in the circuit board on Prince's face. See the cover for 1999 New Master. Overlay the circuit board graphic on an arial view of all of Prince's MN property and you wil find said time capsule, it's just around the corner.

In it you'll find the keys to Vault number three where Prince is actually still alive and waiting for you. He will hand you his official wishes for Paisley Park and ask you to punch a higher floor and you will watch as his glass elevator shoots him out to his new studio on the moon. In an egg shaped capsule. The For You album art, that was shot in a bedroom of his lunar compound.

He is ready to go back to there now.
Surprise, surprise.
Another treat. Another trick.
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Reply #76 posted 06/10/16 10:52pm

XxAxX

avatar

RiotPaisley said:

XxAxX said:

what if it's actually buried in that time capsule thingy of his? on paisley park grounds somewhere??? eek ooooh. a midnight mystery

Yes and the map is hidden in the circuit board on Prince's face. See the cover for 1999 New Master. Overlay the circuit board graphic on an arial view of all of Prince's MN property and you wil find said time capsule, it's just around the corner. In it you'll find the keys to Vault number three where Prince is actually still alive and waiting for you. He will hand you his official wishes for Paisley Park and ask you to punch a higher floor and you will watch as his glass elevator shoots him out to his new studio on the moon. In an egg shaped capsule. The For You album art, that was shot in a bedroom of his lunar compound. He is ready to go back to there now.

that already happened at the last celebration lol

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Reply #77 posted 06/11/16 1:47am

FlyOnTheWall

RiotPaisley said:

XxAxX said:

.

hmmm. it all depends right? january is far enough out to release prince's alleged last project "Black is the New Black" online and offline for sale to a global market, eager for such a *new* prince release, following his passing.

.

moreover, if fans knew that sales proceeds would be partly dedicated to help preserve prince's legacy from a tax fire sale, i betcha fans would cough up the $$

They aren't itching for new Prince. That's been the problem. Sorry but they want Purple Rain right now. Dirty hippie Prince. That's what time it is.

Yes!! I think the fans will be ALL IN!! Also, if there are recordings of any of the Piano and A Microphone (PAM) concerts, especially at Paisley Park and at the Fox Theatre, those also need to be released, like yesterday!!! Blu-Ray discs of the PAM tour, alone, would fetch a fortune. They can be sold individually and/or in box sets.

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Reply #78 posted 06/11/16 2:03am

FlyOnTheWall

RiotPaisley said:

I wouldn't say now would be the ideal time to release NEW Prince. Nostalgic Prince is where it's at to keep the lights on at Paisley Park. That anniversary edition Purple Rain will bring in so much money. Quickly follow with SOTT in bluRay special edition box set- that will be 30 next year right? You get the 32nd Anniversary Edition of PR out ASAP - June 25 if you can. I would believe it's just sitting there ready and waiting to hit the shelves. Follow up with 35th anniversary of 1999 you dip back into pre Purple Rain Era Prince around New Years. He has so much stuff from that time... Then around Fall you do 30th SOTT. BluRay. That will hook everyone new and old to Prince. Then you can do a New release like BITNB Taxes have to get paid. Like it or not. Or will we finally protest taxation with out equal representation in the case of Fams vs The State of Minnesota? We don't have time for that. See the man cry as the city Condemns where he lives Memories die but taxes He'll still have to give (Who) Whoever said that elephants Were stronger than mules? Come 2 the park And play with us There aren't any rules In Paisley Park [Edited 6/10/16 22:50pm]

We think alike. Specifically, perhaps Prince's Purple Army needs to RAISE UP and protest a Paisley Park Raid (or "fire sale") in the name of estate taxes. It can't be the only line of defense, but it should definitely not be written off because of time constraints. To the contrary, I think time could be the great motivator that could bring out record numbers of protestors, both in the State of Minnesota and in Washington, DC at the Treasury Department/IRS headquarters. It would be historic.

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Reply #79 posted 06/11/16 2:07am

Aerogram

avatar

The short answer is right now:

  • there is no known will;
  • if that is the case, it's solely Prince's decision, no one else to blame;
  • there is nothing you can do about it;
  • pointing fingers and talking of malpractice is completely inappropriate, Prince didn't qualify for any type of power of attorney to be granted to someone else.

It's sad but it's the reality, no discussion or blaming game can change it.

The only consolation is that he didn't burn all the tapes, so there are some blessings to be counted despite the foolery.

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Reply #80 posted 06/11/16 2:09am

Aerogram

avatar

FlyOnTheWall said:

RiotPaisley said:

I wouldn't say now would be the ideal time to release NEW Prince. Nostalgic Prince is where it's at to keep the lights on at Paisley Park. That anniversary edition Purple Rain will bring in so much money. Quickly follow with SOTT in bluRay special edition box set- that will be 30 next year right? You get the 32nd Anniversary Edition of PR out ASAP - June 25 if you can. I would believe it's just sitting there ready and waiting to hit the shelves. Follow up with 35th anniversary of 1999 you dip back into pre Purple Rain Era Prince around New Years. He has so much stuff from that time... Then around Fall you do 30th SOTT. BluRay. That will hook everyone new and old to Prince. Then you can do a New release like BITNB Taxes have to get paid. Like it or not. Or will we finally protest taxation with out equal representation in the case of Fams vs The State of Minnesota? We don't have time for that. See the man cry as the city Condemns where he lives Memories die but taxes He'll still have to give (Who) Whoever said that elephants Were stronger than mules? Come 2 the park And play with us There aren't any rules In Paisley Park [Edited 6/10/16 22:50pm]

We think alike. Specifically, perhaps Prince's Purple Army needs to RAISE UP and protest a Paisley Park Raid (or "fire sale") in the name of estate taxes. It can't be the only line of defense, but it should definitely not be written off because of time constraints. To the contrary, I think time could be the great motivator that could bring out record numbers of protestors, both in the State of Minnesota and in Washington, DC at the Treasury Department/IRS headquarters. It would be historic.

This is delusional, please take two aspirins and call me in the morning.

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Reply #81 posted 06/11/16 3:07am

FlyOnTheWall

Aerogram said:

FlyOnTheWall said:

We think alike. Specifically, perhaps Prince's Purple Army needs to RAISE UP and protest a Paisley Park Raid (or "fire sale") in the name of estate taxes. It can't be the only line of defense, but it should definitely not be written off because of time constraints. To the contrary, I think time could be the great motivator that could bring out record numbers of protestors, both in the State of Minnesota and in Washington, DC at the Treasury Department/IRS headquarters. It would be historic.

This is delusional, please take two aspirins and call me in the morning.

Whatever...

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Reply #82 posted 06/11/16 3:18am

FlyOnTheWall

Aerogram said:

The short answer is right now:

  • there is no known will;
  • if that is the case, it's solely Prince's decision, no one else to blame;
  • there is nothing you can do about it;
  • pointing fingers and talking of malpractice is completely inappropriate, Prince didn't qualify for any type of power of attorney to be granted to someone else.

It's sad but it's the reality, no discussion or blaming game can change it.

The only consolation is that he didn't burn all the tapes, so there are some blessings to be counted despite the foolery.

We're all entitled to our own opinion, thank you. That notwithstanding, why have we heard absolutely NOTHING from any of his MANY lawyers about the apparent lack of an estate plan? Londell McMillan's only public statement, to my knowledge, has been to refute the drug addiction rumors, which was very admirable of him...but I was like, what about the will, Londell??!!!!???

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Reply #83 posted 06/11/16 8:36am

captiveunicorn

FlyOnTheWall said:



RiotPaisley said:


XxAxX said:


.


hmmm. it all depends right? january is far enough out to release prince's alleged last project "Black is the New Black" online and offline for sale to a global market, eager for such a *new* prince release, following his passing.


.


moreover, if fans knew that sales proceeds would be partly dedicated to help preserve prince's legacy from a tax fire sale, i betcha fans would cough up the $$




They aren't itching for new Prince. That's been the problem. Sorry but they want Purple Rain right now. Dirty hippie Prince. That's what time it is.

Yes!! I think the fans will be ALL IN!! Also, if there are recordings of any of the Piano and A Microphone (PAM) concerts, especially at Paisley Park and at the Fox Theatre, those also need to be released, like yesterday!!! Blu-Ray discs of the PAM tour, alone, would fetch a fortune. They can be sold individually and/or in box sets.




I know in life Prince was extremely vigilant about keeping his material off YouTube. I understood his reasons for that in his lifetime and i respected that. But ... since he apparently has left his estate to the wind by not having a will, it seems he did not care to dictate how or when or by who his music was distributed or released after his death. So - if the estate needs to raise a lot of money to pay the tax bill, why not make his music videos and concerts available for download online? If it was done with a bigger purpose in mind, I would feel ok about it - I think it is the lesser of evils if the alternatives are selling off ownership of his songs or Paisley park, both of which make me sick to think about. Sorry if I'm being very naive here, I have no idea how much money artists do or don't make off YouTube or iTunes etc or how much money could realistically be raised by making material available online.

I guess what prompted this for me was today while I was trying to watch more concerts on YouTube I realised many of them now have ads all through them, and that really pissed me off bc it means people who are not prince's estate are trying to make money from people grieving/curious/wanting to see Prince. And for most people these videos are the only access to "seeing" Prince they have. So why not give the people what they want legitimately if it makes money and helps protect the estate? I would rather pay his estate for access to high quality material online, and I don't think it would compromise the sales of any future boxed sets..
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Reply #84 posted 06/11/16 8:48am

FlyOnTheWall

captiveunicorn said:

FlyOnTheWall said:

Yes!! I think the fans will be ALL IN!! Also, if there are recordings of any of the Piano and A Microphone (PAM) concerts, especially at Paisley Park and at the Fox Theatre, those also need to be released, like yesterday!!! Blu-Ray discs of the PAM tour, alone, would fetch a fortune. They can be sold individually and/or in box sets.

I know in life Prince was extremely vigilant about keeping his material off YouTube. I understood his reasons for that in his lifetime and i respected that. But ... since he apparently has left his estate to the wind by not having a will, it seems he did not care to dictate how or when or by who his music was distributed or released after his death. So - if the estate needs to raise a lot of money to pay the tax bill, why not make his music videos and concerts available for download online? If it was done with a bigger purpose in mind, I would feel ok about it - I think it is the lesser of evils if the alternatives are selling off ownership of his songs or Paisley park, both of which make me sick to think about. Sorry if I'm being very naive here, I have no idea how much money artists do or don't make off YouTube or iTunes etc or how much money could realistically be raised by making material available online. I guess what prompted this for me was today while I was trying to watch more concerts on YouTube I realised many of them now have ads all through them, and that really pissed me off bc it means people who are not prince's estate are trying to make money from people grieving/curious/wanting to see Prince. And for most people these videos are the only access to "seeing" Prince they have. So why not give the people what they want legitimately if it makes money and helps protect the estate? I would rather pay his estate for access to high quality material online, and I don't think it would compromise the sales of any future boxed sets..

I agree. I also saw someone, on one of the many Facebook fan pages, advertising a "high quality" recording of one of his final Atlanta PAM concerts. They are taking pre-orders, claiming it will be available for purchase in early July. And this did not look like it was being offered by his Estate. Although I have been enjoying all the YouTube concert footage, I hope all such unauthorized activity and other bootlegging will soon be shut down.

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Reply #85 posted 06/11/16 8:52am

FlyOnTheWall

FlyOnTheWall said:

captiveunicorn said:

FlyOnTheWall said: I know in life Prince was extremely vigilant about keeping his material off YouTube. I understood his reasons for that in his lifetime and i respected that. But ... since he apparently has left his estate to the wind by not having a will, it seems he did not care to dictate how or when or by who his music was distributed or released after his death. So - if the estate needs to raise a lot of money to pay the tax bill, why not make his music videos and concerts available for download online? If it was done with a bigger purpose in mind, I would feel ok about it - I think it is the lesser of evils if the alternatives are selling off ownership of his songs or Paisley park, both of which make me sick to think about. Sorry if I'm being very naive here, I have no idea how much money artists do or don't make off YouTube or iTunes etc or how much money could realistically be raised by making material available online. I guess what prompted this for me was today while I was trying to watch more concerts on YouTube I realised many of them now have ads all through them, and that really pissed me off bc it means people who are not prince's estate are trying to make money from people grieving/curious/wanting to see Prince. And for most people these videos are the only access to "seeing" Prince they have. So why not give the people what they want legitimately if it makes money and helps protect the estate? I would rather pay his estate for access to high quality material online, and I don't think it would compromise the sales of any future boxed sets..

I agree. I also saw someone, on one of the many Facebook fan pages, advertising a "high quality" recording of one of his final Atlanta PAM concerts. They are taking pre-orders, claiming it will be available for purchase in early July. And this did not look like it was being offered by his Estate. Although I have been enjoying all the YouTube concert footage, I hope all such unauthorized activity and other bootlegging will soon be shut down.

Also, I don't know how YouTube channels are monetized, but if it is lucrative enough, perhaps the Prince Estate should consider an official YouTube channel.

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Reply #86 posted 06/11/16 9:08am

coltrane3

They can't be guilty of malpractice for something they weren't asked to do. So, that's the million dollar question - was an attorney or attorneys asked to draw up estate plans. Even if they were, Prince at one point would have had to sign off on it.

Lack of an estate plan is fairly common. Most people lack a substantial estate, so it doesn't matter than much. But, even wealthy people fall into the trap of putting things off.

Sure, at first glance it does seem hard to believe that Prince wouldn't have a very precise, well-structured will and estate plan. But, it happens.

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Reply #87 posted 06/11/16 9:24am

FlyOnTheWall

coltrane3 said:

They can't be guilty of malpractice for something they weren't asked to do. So, that's the million dollar question - was an attorney or attorneys asked to draw up estate plans. Even if they were, Prince at one point would have had to sign off on it.

Lack of an estate plan is fairly common. Most people lack a substantial estate, so it doesn't matter than much. But, even wealthy people fall into the trap of putting things off.

Sure, at first glance it does seem hard to believe that Prince wouldn't have a very precise, well-structured will and estate plan. But, it happens.

I understand. I'd just like to hear his attorney(s) discuss the matter. And, who knows, a will might still turn up, especially if it turns out that Prince had a child or children.

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Reply #88 posted 06/11/16 9:52am

AnnaSantana

BartVanHemelen said:

FlyOnTheWall said:

If Prince really refused to draw up an estate plan--an assertion of which I am not convinced--Londell McMillan (and the whole army of lawyers P. retained over the years) should have been more forceful. Really, I think someone is guilty of malpractice. He/They should have told Prince the horror story of what would happen if he died with no estate plan:

  1. having the government grab over 50% of his estate, off the top;
  2. having Paisley Park potentially sold;
  3. inviting a huge money grab, resulting in a public spectacle;
  4. having the contents of the vault sold to Warner Brothers for a song, just to pay off taxes and debt;
  5. having the masters, for which he fought for many, many years, be sold to Warner Brothers for pennies on the dollar.

Did no one tell him that story about his entire life's work evaporating? Seriously? And he still refused to draw up an estate plan? Right. It just doesn't make sense, does it? Personally, I believe that Prince's estate plan is being suppressed.

[Edited 6/9/16 20:05pm]

[Edited 6/9/16 21:04pm]

.

Prince has a loooong history of stupid decisions.

Yep. sad

I don't argue with people about my opinions. Scram. I said what I said.
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Reply #89 posted 06/11/16 9:54am

AnnaSantana

suomynona said:

OH YAY! YET ANOTHER THREAD ABOUT THE ESTATE!!! WOO HOO!!! THANK YOU!!!!!!!

Frightened, eh?

I don't argue with people about my opinions. Scram. I said what I said.
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