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Reply #90 posted 06/11/16 1:09pm

FlyOnTheWall

AnnaSantana said:

suomynona said:

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

Frightened, eh?

The beauty of the online environment is that you consume what you like. Meaning, if there is a thread or content that you don't care for, you don't have to view it. It's a really simple concept.

[Edited 6/11/16 13:10pm]

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Reply #91 posted 06/11/16 3:40pm

JasminMaria

keenly said:

U.S.A home of the slave.

You are free to do what the government tell you. Pay TAX ALL YOUR LIFE. Then they still take your shit after you die.

It's all over the world. Not only in the USA. So... smoker

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Reply #92 posted 06/11/16 7:05pm

StopIt

mailaccount63 said:

FlyOnTheWall said:

Or...if he was terminally ill, I think that makes the lack of an estate plan all the more suspect. Either way you cut it, I just can't believe he died intestate. Call me a conspiracy theorist, but I'm convinced that there is more to this story than meets the eye.


An attorney is legally bound to step forward with the Will. Also the Will would have needed to be witnessed and/or notarized - no one has stepped forward as having done such - they are legally bound to do so.

Your lay opinion based on your leisure reading hobby as to legal matters is not accurate again. Please stop.

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Reply #93 posted 06/11/16 8:17pm

Eileen

StopIt said:

mailaccount63 said:


An attorney is legally bound to step forward with the Will. Also the Will would have needed to be witnessed and/or notarized - no one has stepped forward as having done such - they are legally bound to do so.

Your lay opinion based on your leisure reading hobby as to legal matters is not accurate again. Please stop.


Or you could restate it more accurately and actually be helpful.

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Reply #94 posted 06/11/16 8:23pm

suomynona

avatar

FlyOnTheWall said:

AnnaSantana said:

Frightened, eh?

The beauty of the online environment is that you consume what you like. Meaning, if there is a thread or content that you don't care for, you don't have to view it. It's a really simple concept.


After multiple requests by multiple people, a sticky was finally made. We don't need 50 threads about the estate/will/trust.

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Reply #95 posted 06/11/16 9:07pm

FlyOnTheWall

suomynona said:

FlyOnTheWall said:

The beauty of the online environment is that you consume what you like. Meaning, if there is a thread or content that you don't care for, you don't have to view it. It's a really simple concept.


After multiple requests by multiple people, a sticky was finally made. We don't need 50 threads about the estate/will/trust.

So, now that the sticky was made (yesterday), why are some still complaining because some of us want to discuss the biggest, most consequential issue EVER in the Prince pantheon: his estate and his legacy? It might not be sexy, but it is immensely important.

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Reply #96 posted 06/12/16 3:09am

mailaccount63

Eileen said:

StopIt said:

Your lay opinion based on your leisure reading hobby as to legal matters is not accurate again. Please stop.


Or you could restate it more accurately and actually be helpful.


I am not here to debate. I came here as a fan of Prince and a love of his music. When Prince suddenly passed as he did, I was traumatized, so I came here to the Org. There are attorneys on here; please back me up. What I have stated is not based on my "leisure reading hobby". I have worked professionally in estate planning since 1992. If there is something here that I have stated that you do not agree with, please state specifically what that is.

If an attorney has knowledge of a valid Will and/or Trust for Prince, they are dutybound to present it to the Court. If they would suppress it, they could be potentially opening themselves up to sanctions by the Court. I realize that I am hereby defending the field of Law, but I don't believe that a lawyer would jeopardize the very means of their livelihood. The attorneys that I work with are too concerned about their bottom line - they scrutinize every expense with a microscope. I suppose there may be a legal professional out there somewhere that could be "bought off". I don't think that there is an attorney on this Earth that is not aware of the death of Prince. The Will and/or Trust would most likely be drafted by a licensed attorney - by law, they are dutybound to produce the estate documents to the Court. In the remote possibility Prince wrote a Will and/or a Trust himself, the documents still need to be witnessed and/or notarized. None of these people have come forth and presented themselves to the Court.

I assure you: I do not like this situation any more than you do. But please do not shoot the messenger.

There is a possibility that a Will and/or Trust could still show up, for example from Prince's Vault, or maybe from a safety deposit box at some bank somewhere. But the more time passes, and as Bremer Trust itemizes the Estate's Inventory for the Court, the more that looks like that is not going to happen. I have been watching the Court and Bremer Trust's actions, as have other fans, including but not limited to Orgers, a percentage of which are legal professionals - I have not seen anything that is questionable.

I do realize that it is frustrating to just "sit and wait" while Bremer Trust meticulously drafts the Estate's Inventory for the Court. But we must give them proper time to work - I speak from hands-on experience regarding this. Do you want it done right? OR Do you want it done fast? As vast as I understand Prince's estate to be, the itemized Inventory could take months.

I don't want to steer away from the OP's subject matter, but I have said it before, and I will say it again: I believe the amount of pain that Prince was in was greatly underestimated. True, Prince himself bears some responsibility in just stating his physical limitations. But I do not believe Prince's estate plan is being suppressed. I don't believe he had an estate plan officially documented and executed. Prince may have had intentions, but without the proper documentation executed, the Court has nothing to defend his estate with except probate law. Prince is not the first celebrity to not have an estate plan upon their death. Do YOU have your Will done? (Yes, mine is done and already filed with the Court.)

Now, if there is something you don't agree with, then specifically state what it is. But please do not shoot the messenger.

(This is based on my current knowledge, information, belief, and experience. This is not legal advice - for legal advice, please consult with your attorney.)

[Edited 6/12/16 3:35am]

RIP Prince. We will NEVER forget you. Thank you so much.

"Dearly Beloved:
We are gathered here today 2 get through this thing called: 'Life'."
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Reply #97 posted 06/12/16 3:21am

mailaccount63

JasminMaria said:

keenly said:

U.S.A home of the slave.

You are free to do what the government tell you. Pay TAX ALL YOUR LIFE. Then they still take your shit after you die.

It's all over the world. Not only in the USA. So... smoker


Do you drive on roads? Drink tap water? Buy groceries from a grocery store? Eat at a restaurant? Get vaccinations for yourself and/or your children? Go to the hospital? Get medicines from your local pharmacy? Use libraries? Use the Internet? Receive and/or send mail? Be defended/protected by our military? Use a bank? Have the protection of your local fire department? Our way of life in the USA (don't take it for granted), depends on taxes. Freedom is not free.


RIP Prince. We will NEVER forget you. Thank you so much.

"Dearly Beloved:
We are gathered here today 2 get through this thing called: 'Life'."
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Reply #98 posted 06/12/16 3:24am

mailaccount63

FlyOnTheWall said:

The beauty of the online environment is that you consume what you like. Meaning, if there is a thread or content that you don't care for, you don't have to view it. It's a really simple concept.

[Edited 6/11/16 13:10pm]


yeahthat Thank you FlyOnTheWall.

RIP Prince. We will NEVER forget you. Thank you so much.

"Dearly Beloved:
We are gathered here today 2 get through this thing called: 'Life'."
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Reply #99 posted 06/13/16 3:38am

BartVanHemelen

avatar

XxAxX said:

easy. use tidal to sell the new, mostly finished black is the new black. charge fifty bucks for the album hard copy, 25 for download.

.

make it clear that this is when fans need to LEGALLY BUY THE ALBUM. they will. many of us will buy ten copies.

.

tax bill is paid, just like that.

.

Bwahahahahahaha.

.

Yeah sure, people are just lining up to buy multiple copies of a $50 album.

© Bart Van Hemelen
This posting is provided AS IS with no warranties, and confers no rights.
It is not authorized by Prince or the NPG Music Club. You assume all risk for
your use. All rights reserved.
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Reply #100 posted 06/13/16 4:49am

Eileen

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.



yeahthat

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Reply #101 posted 06/13/16 4:50am

Eileen

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


In Minnesota, there are requirements for a legal will and the courts tend to uphold them. I expect they would be even more likely to uphold those requirements for an estate this size. Hence, no, a legal will cannot take many forms here.

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Reply #102 posted 06/13/16 5:51am

hw3004

XxAxX said:

mailaccount63 said:


This estate is not moving abnormally fast at all. There are many items in PP to safeguard. PP is a business. There are many people that depend upon PP functioning. The fire is finding a way to pay the upcoming tax bill - they are throwing all possible answers to this problem on the table.

easy. use tidal to sell the new, mostly finished black is the new black. charge fifty bucks for the album hard copy, 25 for download.

.

make it clear that this is when fans need to LEGALLY BUY THE ALBUM. they will. many of us will buy ten copies.

.

tax bill is paid, just like that.

i don't get it - why would you want to pay the tax bill of Prince's estate?

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Reply #103 posted 06/13/16 5:54am

hw3004

XxAxX said:

BartVanHemelen said:

.

Prince has a loooong history of stupid decisions.

.

no, he does not. his life was a huge success insofar as he accomplished what he set out to accomplish. yours is not a true statement.

.

here's a true statement: you have no standing to make a comment like that.

.

you know nothing about whether or not prince left a will/trust/estate plan. this thread is pure speculation yet here you are, tirelessly flogging the downside.

I think you're both right. Prince was, by most reasonable criteria, a "success" but I'd agree with Bart some of his decisions where questionable to mere mortals like ourselves!

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Reply #104 posted 06/13/16 6:05am

XxAxX

avatar

hw3004 said:

XxAxX said:

easy. use tidal to sell the new, mostly finished black is the new black. charge fifty bucks for the album hard copy, 25 for download.

.

make it clear that this is when fans need to LEGALLY BUY THE ALBUM. they will. many of us will buy ten copies.

.

tax bill is paid, just like that.

i don't get it - why would you want to pay the tax bill of Prince's estate?

.

the estate tax bill?

.

i;m not involved in handling this matter so i don't *know* what's giong o.

.

from what i understand, things are moving VERY quickly over in probate land. prince died seven weeks ago.

.

i'm not sure why, but apparently before any meaningful valuation can have been performed on prince's estate/assets, the government has allegedly demand $150 million dollars tax on what they have claimed is a $300 million estate.

.

to rephrase, before the government has actually counted prince's gold, they want half of what they think it will be.

.

in order to satisfy an alleged tax debt due in January of 2017, prince's estate must pay this alleged tax.

.

SEVEN WEEKS safter prince's deasth, and before a valuation of his assets can have been performed, the amount has been decided upon and demand for payment is being made? already the pressure is on to sell prince's stuff????

.

bullshit. this is robbery

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Reply #105 posted 06/13/16 6:07am

XxAxX

avatar

hw3004 said:

XxAxX said:

.

no, he does not. his life was a huge success insofar as he accomplished what he set out to accomplish. yours is not a true statement.

.

here's a true statement: you have no standing to make a comment like that.

.

you know nothing about whether or not prince left a will/trust/estate plan. this thread is pure speculation yet here you are, tirelessly flogging the downside.

I think you're both right. Prince was, by most reasonable criteria, a "success" but I'd agree with Bart some of his decisions where questionable to mere mortals like ourselves!

.

bart is wrong by definition. he is a sweaty little internet troll, person whose posts here at prince.org demonstrate his loathing for all things prince. someone who has become famous at the org for shitting all over everything he can find about prince.

[Edited 6/13/16 6:39am]

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Reply #106 posted 06/13/16 6:09am

XxAxX

avatar

BartVanHemelen said:

XxAxX said:

easy. use tidal to sell the new, mostly finished black is the new black. charge fifty bucks for the album hard copy, 25 for download.

.

make it clear that this is when fans need to LEGALLY BUY THE ALBUM. they will. many of us will buy ten copies.

.

tax bill is paid, just like that.

.

Bwahahahahahaha.

.

Yeah sure, people are just lining up to buy multiple copies of a $50 album.

fuck off big grin

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Reply #107 posted 06/13/16 6:11am

XxAxX

avatar

Eileen said:

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


In Minnesota, there are requirements for a legal will and the courts tend to uphold them. I expect they would be even more likely to uphold those requirements for an estate this size. Hence, no, a legal will cannot take many forms here.

okay, thanks. remember: i'm not an attorney. i'm not working on prince's estate. i have no connection to this matter and as far as i know, prince did not leave a videotaped will. i believe it would be like him to do so, being a quirky guy, but i have no reason to believe one way or another whether he did. when i hypothesize on a topic, it is strictly conjecture, conversationally intended and not at all meant as a legal guide to anything pertaining to prince's estate. i am not qualifed to give legal advice and any speculation i have posted here remains just that - speculation.

[Edited 6/13/16 6:42am]

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Reply #108 posted 06/13/16 6:18am

XxAxX

avatar

how did this thread go from being a fun discussion of options/steps fans could take into a fight thread? really? what is there to fight about?

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Reply #109 posted 06/13/16 6:31am

Se7en

avatar

Eileen 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.



yeahthat



The only problem I see with this is that there was a giant rush of sales right after Prince's death of Purple Rain, 1999 and the hits packages.

I don't know if most people would re-buy Purple Rain so soon. It might be a release for the hardcore fans only, and it would have to be very enticing.

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Reply #110 posted 06/13/16 8:03am

Eileen

XxAxX said:

Eileen said:

In Minnesota, there are requirements for a legal will and the courts tend to uphold them. I expect they would be even more likely to uphold those requirements for an estate this size. Hence, no, a legal will cannot take many forms here.

okay, thanks. remember: i'm not an attorney. i'm not working on prince's estate. i have no connection to this matter and as far as i know, prince did not leave a videotaped will. i believe it would be like him to do so, being a quirky guy, but i have no reason to believe one way or another whether he did. when i hypothesize on a topic, it is strictly conjecture, conversationally intended and not at all meant as a legal guide to anything pertaining to prince's estate. i am not qualifed to give legal advice and any speculation i have posted here remains just that - speculation.


Lol. I'm unclear on your qualifications. Are you available for a free consultation?



razz

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Reply #111 posted 06/13/16 8:11am

Eileen

Se7en said:

The only problem I see with this is that there was a giant rush of sales right after Prince's death of Purple Rain, 1999 and the hits packages.

I don't know if most people would re-buy Purple Rain so soon. It might be a release for the hardcore fans only, and it would have to be very enticing.


I had indeed overlooked that - good point, thanks.

Youtube has likely whetted plenty of newbie appetites for SOTT though.

I wonder if the estate knows how much $$$ are incoming from all those sales yet. Do you happen to know if any of the press has discussed expected revenue?

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Reply #112 posted 06/13/16 8:41am

Eileen

XxAxX said:

hw3004 said:

i don't get it - why would you want to pay the tax bill of Prince's estate?

SEVEN WEEKS safter prince's deasth, and before a valuation of his assets can have been performed, the amount has been decided upon and demand for payment is being made? already the pressure is on to sell prince's stuff????


No. No.


Also not an attorney. However "The due date of the estate tax return is nine months after the decedent's date of death, however, the estate's representative may request an extension of time to file the return for up to six months." -- giving a total of 15 months after date of death to file

In addition, interest will accrue after the official tax due date, which is why they were talking about January in court. Everyone's taxes are officially due by the end of the tax year. They are likely trying to avoid having to pay interest on the bulk of the money owed, so they'd like to pay as much this year as they can even if the final return hasn't been filed. (Assume disclaimer here.)


I noted probably on another thread, that the Bremer attorney was arguing the worst case scenario, as attorneys do, trying to win a court order that was being actively opposed. The press coverage therefore is all based on the worst case argument being made in a legal conflict. Yes it's a legitimate matter and there are legitimate concerns, but folks shouldn't be basing all understanding on click-bait internet language exaggerated off of an adversarial legal proceeding.

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Reply #113 posted 06/13/16 8:58am

ZahndiFadzhina

XxAxX said:

how did this thread go from being a fun discussion of options/steps fans could take into a fight thread? really? what is there to fight about?

Perhaps your 'fuck off big grin' contributed as well?

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Reply #114 posted 06/13/16 10:09am

Se7en

avatar

Eileen said:

Se7en said:

The only problem I see with this is that there was a giant rush of sales right after Prince's death of Purple Rain, 1999 and the hits packages.

I don't know if most people would re-buy Purple Rain so soon. It might be a release for the hardcore fans only, and it would have to be very enticing.


I had indeed overlooked that - good point, thanks.

Youtube has likely whetted plenty of newbie appetites for SOTT though.

I wonder if the estate knows how much $$$ are incoming from all those sales yet. Do you happen to know if any of the press has discussed expected revenue?


I don't, sorry!

Seems like the Catch-22 on more sales would be that it also increases the value of the Estate (which in turn increases the amount of taxes).

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Reply #115 posted 06/13/16 10:21am

XxAxX

avatar

ZahndiFadzhina said:

XxAxX said:

how did this thread go from being a fun discussion of options/steps fans could take into a fight thread? really? what is there to fight about?

Perhaps your 'fuck off big grin' contributed as well?

.

perhaps my fuck off grin is directed at ANY asshole who comes into a discussion about topic and tries to make it personal against other orgers.

.

but in fact i made my remark after seeing what happened to this thread.

.

and btw i exclude BART from the category of 'orgers' and ALWAYS try to address him with the words FUCK OFF.

[Edited 6/13/16 10:24am]

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Reply #116 posted 06/13/16 10:22am

XxAxX

avatar

Eileen said:

XxAxX said:

okay, thanks. remember: i'm not an attorney. i'm not working on prince's estate. i have no connection to this matter and as far as i know, prince did not leave a videotaped will. i believe it would be like him to do so, being a quirky guy, but i have no reason to believe one way or another whether he did. when i hypothesize on a topic, it is strictly conjecture, conversationally intended and not at all meant as a legal guide to anything pertaining to prince's estate. i am not qualifed to give legal advice and any speculation i have posted here remains just that - speculation.


Lol. I'm unclear on your qualifications. Are you available for a free consultation?



razz

please just treat this thread as a discussion on the topic of prince's estate. this is not about me or my 'qualifications', which are not under discussion here. i am just another orger wondering what will happen to prince's assets, specifically, Paisley Park

[Edited 6/13/16 10:23am]

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Reply #117 posted 06/13/16 10:36am

XxAxX

avatar

Eileen said:

XxAxX said:

SEVEN WEEKS safter prince's deasth, and before a valuation of his assets can have been performed, the amount has been decided upon and demand for payment is being made? already the pressure is on to sell prince's stuff????


No. No.


Also not an attorney. However "The due date of the estate tax return is nine months after the decedent's date of death, however, the estate's representative may request an extension of time to file the return for up to six months." -- giving a total of 15 months after date of death to file

In addition, interest will accrue after the official tax due date, which is why they were talking about January in court. Everyone's taxes are officially due by the end of the tax year. They are likely trying to avoid having to pay interest on the bulk of the money owed, so they'd like to pay as much this year as they can even if the final return hasn't been filed. (Assume disclaimer here.)


I noted probably on another thread, that the Bremer attorney was arguing the worst case scenario, as attorneys do, trying to win a court order that was being actively opposed. The press coverage therefore is all based on the worst case argument being made in a legal conflict. Yes it's a legitimate matter and there are legitimate concerns, but folks shouldn't be basing all understanding on click-bait internet language exaggerated off of an adversarial legal proceeding.

i think we already talked about all that, if not up above then over on the paisley park thread

anyway, i would also - like you - like to know why an emergency request for tax relief/extension has not been filed.


i'd like to hear from the attorneys handling this issue which won't happen so

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Reply #118 posted 06/13/16 10:41am

Eileen

XxAxX said:

Eileen said:

Lol. I'm unclear on your qualifications. Are you available for a free consultation?


razz


please just treat this thread as a discussion on the topic of prince's estate. this is not about me or my 'qualifications', which are not under discussion here. i am just another orger wondering what will happen to prince's assets, specifically, Paisley Park


Wow. I replied with two jokes and I get whatever the world that is in response. Don't take it out on me.

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Reply #119 posted 06/13/16 10:54am

XxAxX

avatar

Eileen said:

XxAxX said:


please just treat this thread as a discussion on the topic of prince's estate. this is not about me or my 'qualifications', which are not under discussion here. i am just another orger wondering what will happen to prince's assets, specifically, Paisley Park


Wow. I replied with two jokes and I get whatever the world that is in response. Don't take it out on me.

wink and back on topic. since neither one of us is an attorney we can now move on.

.

i was hoping an attorney would show up on this thread. speficically because i wonder whether bremer is doing what my old firm would have done - assign an individual to monitor all social media accounts and websites in connection with prince's estate management.

.

if i were bremer, i'd have someone all over this website, especially in connection with bootleg links and such.

.

what do you think Eileen? will we see someone like that here at prince org? hmm hmmm

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Forums > Prince: Music and More > Thieves in the Temple? Is Prince's Estate Plan Being Suppressed?