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Reply #270 posted 01/18/17 11:14pm

Lovejunky

avatar

iciala397 said:

Lovejunky said:

Disturbing !!!!!!!!!!!!!!

Either WAY...

Someone (unidentified ) wanted Phaedra Removed.....Prince put Phaedra in that Position !!!!!!! WHo has the right to remove her ?

OR

Phaedra wanted to be Removed : WHat the hec happened that she would not want to stay around and look after that which she fought long and hard for ???

This is not sitting well with me......

maybe Phaedra doesn't want to be in the middle of the TIDAL nightmare that's coming.

Given Phaedras Role within Princes world over the last few years, One would assume that if anyone knew details about Princes deal with Tidal, it would be her.

I cant see her running because of that...

“LOVE IS THE MASTERPLAN”
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Reply #271 posted 01/18/17 11:22pm

Lovejunky

avatar

iciala397 said:

Lovejunky said:

Disturbing !!!!!!!!!!!!!!

Either WAY...

Someone (unidentified ) wanted Phaedra Removed.....Prince put Phaedra in that Position !!!!!!! WHo has the right to remove her ?

OR

Phaedra wanted to be Removed : WHat the hec happened that she would not want to stay around and look after that which she fought long and hard for ???

This is not sitting well with me......

maybe Phaedra doesn't want to be in the middle of the TIDAL nightmare that's coming.

no..thats not it...

she took on one of the biggest record companies in the world for Prince...Shes not so yellow bellied to walk away from this fight.

In her own words "I cant tell you how much I love Prince".

“LOVE IS THE MASTERPLAN”
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Reply #272 posted 01/18/17 11:29pm

oliviacamron

avatar

NotACleverName said:

morningsong said:



rogifan said:


morningsong said:




mmm, I'm not sure, I mean outside of his jw beliefs about politics, Prince demonstrated a pretty patriotic persona, so I'm not quite sure he'd of had THAT major of an issue with paying taxes even huge taxes. Show me if I'm wrong.



I've read that he sometimes complained about his property taxes being too high. I think everyone tries to minimize their tax bill as much as possible.



You would think so. But he kept refusing to do a will despite knowing the tax burden, and for someone so purposeful in his dealings, I'm convinced beyond all doubt he had a reason, what it was I haven't a clue but he had one.



For what it's worth, I found this statement from Dr. Funk (birth name =Jeremiah Freed)....:

Freed: "Everyone tried to talk to him about a will. He would just say, like, "I'm not planning on dying."

....here: http://www.gq.com/story/prince-stories

If you haven't seen this particular article, there are lots of funny, endearing stories about Prince. Quotes from Prince are included as well.

FYI - If the link doesn't take you directly to the quote above, it is about 3/4 of the way down. A rather lengthy article.

EDITED FOR THE FOLLOWING:
Just wanted to add....for the ladies, the first photo of P is divine! Absolutely swoon worthy! Worth a look for that alone. Sorry for going off topic...
[Edited 1/18/17 18:27pm]
[Edited 1/18/17 18:33pm]

thank you. love love
I asked Prince what he was planning to do. He told me , I'm going to look for the ladder. I asked him what that meant. All he said was, sometimes it snows in April. - book D.M.S.R.
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Reply #273 posted 01/19/17 6:53am

Menes

precioux said:

morningsong said:



mmm, I'm not sure, I mean outside of his jw beliefs about politics, Prince demonstrated a pretty patriotic persona, so I'm not quite sure he'd of had THAT major of an issue with paying taxes even huge taxes. Show me if I'm wrong.

Prince was pretty notorious for paying tax bills years late. There is an article that was posted in a thread here on the org less tan 48 hours ago, in that article which was published a few years back, the taxes were so late that foreclosure had been filed against the property (one of his houses, not PP) [Edited 1/18/17 19:09pm]

Don't say that too loud around here.. you'll be accused of picking on him (although its the fact).

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Reply #274 posted 01/19/17 7:21am

NotACleverName

avatar

oliviacamron said:

NotACleverName said:



For what it's worth, I found this statement from Dr. Funk (birth name =Jeremiah Freed)....:

Freed: "Everyone tried to talk to him about a will. He would just say, like, "I'm not planning on dying."

....here: http://www.gq.com/story/prince-stories

If you haven't seen this particular article, there are lots of funny, endearing stories about Prince. Quotes from Prince are included as well.

FYI - If the link doesn't take you directly to the quote above, it is about 3/4 of the way down. A rather lengthy article.

EDITED FOR THE FOLLOWING:
Just wanted to add....for the ladies, the first photo of P is divine! Absolutely swoon worthy! Worth a look for that alone. Sorry for going off topic...
[Edited 1/18/17 18:27pm]
[Edited 1/18/17 18:33pm]

thank you. love love


You're welcome olivia! Sexy overload.....right?!

Back to the topic at hand. Don't want to derail the thread!
"Go placidly amid the noise and the haste, and remember what peace there may be in silence......." ~ DESIDERATA ~ Max Ehrmann
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Reply #275 posted 01/19/17 7:31am

1Sasha

I wonder if there was a clause negotiated with WB which addressed his music in the event of his death, outside of the recent release.
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Reply #276 posted 01/19/17 8:20am

mnfriend

1Sasha said:

I wonder if there was a clause negotiated with WB which addressed his music in the event of his death, outside of the recent release.


Clause? That would mean a CONtract.
I have wondered the same/ just what kind of deal could have been made
for Warners to suddenly be willing to grant his masters back?
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Reply #277 posted 01/19/17 9:09am

nelcp777

mnfriend said:

1Sasha said:
I wonder if there was a clause negotiated with WB which addressed his music in the event of his death, outside of the recent release.
Clause? That would mean a CONtract. I have wondered the same/ just what kind of deal could have been made for Warners to suddenly be willing to grant his masters back?

Excellent questions. I often wondered that too. Also, I wondered if the new contract addressed the Vault contents.

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Reply #278 posted 01/19/17 9:15am

nelcp777

Lovejunky said:

PurpleDiamonds1 said:

ISaidLifeIsJustAGame said: Interesting...

Not INTERESTING .........

Disturbing !!!!!!!!!!!!!!

Either WAY...

Someone (unidentified ) wanted Phaedra Removed.....Prince put Phaedra in that Position !!!!!!! WHo has the right to remove her ?

OR

Phaedra wanted to be Removed : WHat the hec happened that she would not want to stay around and look after that which she fought long and hard for ???

This is not sitting well with me......

I think, and I could be wrong, Bremer was saying that she was removed since Bremer was in "control" of Prince's estate. May be a strong word. There are some documents on the Probate court site that give some information to this issue, but not much.

I get the vibe, I am not an attorney so speculation on my end, she did not want to be removed. Also that there may have not been communication or great communication that she was removed.

I think she is privy to more information, and she wants to continue her role as manager of the LLC. Just a hunch. However, since Bremer has taken control, perhaps she is CYA (covering your ass) from the May date, which corresponds to Bremer taking control over the LLC and Prince's businesses as a whole.

Bremer is arguing since they are the SA, they have the right to remove her and run the LLC, that is my take on this situation.

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Reply #279 posted 01/19/17 10:11am

PurpleDiamonds
1

Lovejunky said:



PurpleDiamonds1 said:


ISaidLifeIsJustAGame said:

The Judge has just signed an Order that there will be a hearing held on February 18, 2017 regarding the Petition of Phaedra...


I dont think we ever saw the Petition filed by Phaedra.


The Judge has Ordered the Special Administrator to provide documents within 5 days to Phaedra which effectively removed her as an officer, secretary, or manager of NPG Music Publishing, and


other companies.


This is interesting.


eek eek




Interesting...

Not INTERESTING .....



Disturbing !!!!!



Either WAY...



Someone (unidentified ) wanted Phaedra Removed.....Prince put Phaedra in that Position !!!!! WHo has the right to remove her ?


OR



Phaedra wanted to be Removed : WHat the hec happened that she would not want to stay around and look after that which she fought long and hard for ???



This is not sitting well with me.....



Agree disturbing is a much better word here.
There is more to this Phaedra person than we know.
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Reply #280 posted 01/19/17 10:17am

iciala397

nelcp777 said:

I think, and I could be wrong, Bremer was saying that she was removed since Bremer was in "control" of Prince's estate. May be a strong word. There are some documents on the Probate court site that give some information to this issue, but not much.

I get the vibe, I am not an attorney so speculation on my end, she did not want to be removed. Also that there may have not been communication or great communication that she was removed.

I think she is privy to more information, and she wants to continue her role as manager of the LLC. Just a hunch. However, since Bremer has taken control, perhaps she is CYA (covering your ass) from the May date, which corresponds to Bremer taking control over the LLC and Prince's businesses as a whole.

Bremer is arguing since they are the SA, they have the right to remove her and run the LLC, that is my take on this situation.

if this proves to be true.... there is some dirty shit going on. and as long as bremer is in charge londell has an "in" and is privy to what's going on. disbelief

a bene placito
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Reply #281 posted 01/19/17 11:01am

morningsong

precioux said:

morningsong said:



mmm, I'm not sure, I mean outside of his jw beliefs about politics, Prince demonstrated a pretty patriotic persona, so I'm not quite sure he'd of had THAT major of an issue with paying taxes even huge taxes. Show me if I'm wrong.

Prince was pretty notorious for paying tax bills years late. There is an article that was posted in a thread here on the org less tan 48 hours ago, in that article which was published a few years back, the taxes were so late that foreclosure had been filed against the property (one of his houses, not PP) [Edited 1/18/17 19:09pm]




Given that so many celebrities get knicked behind tax issues I'm thinking it's an easy thing to let slide or they are watched very closely. I'm not saying I know what he will or will not do, just guessing. Seems like property taxes is the biggest issue with him, not sure about his issues with the federal income tax which is what's going to take the largest chunk in this case. But even the property tax, on PP, his baby, someone, a few months ago, posted on here something showing it was currently paid up.

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Reply #282 posted 01/19/17 11:38am

1Sasha

One thing completely stunned me - I had never thought about it until a couple of years ago - but state tax departments require artists to pay taxes in their states if they make money in those particular jurisdictions. So if an artist goes on tour to 30 states, that is 30 tax jurisdictions to file in. Being an entertainer, as Prince was, requires a massive amount of legal and financial assistance. Unfortunately, whomever he entrusted these services to did not or could not successfully address end-of-life matters with him. So, IMO, these people patting themselves on the back for getting his masters back ... congratulate yourself about an absolutely unnecessary $100 million dollar tax bill.

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Reply #283 posted 01/19/17 11:57am

DD55

1Sasha said:

One thing completely stunned me - I had never thought about it until a couple of years ago - but state tax departments require artists to pay taxes in their states if they make money in those particular jurisdictions. So if an artist goes on tour to 30 states, that is 30 tax jurisdictions to file in. Being an entertainer, as Prince was, requires a massive amount of legal and financial assistance. Unfortunately, whomever he entrusted these services to did not or could not successfully address end-of-life matters with him. So, IMO, these people patting themselves on the back for getting his masters back ... congratulate yourself about an absolutely unnecessary $100 million dollar tax bill.

Just a thought but why do you all care about this tax bill? The bottom line is that people (siblings) who had zero input in the creative process and/or making of the music are getting less money. Money they did nothing to earn in the first place. Seems like perfect P logic to me.



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Reply #284 posted 01/19/17 11:57am

oliviacamron

avatar

1Sasha said:

One thing completely stunned me - I had never thought about it until a couple of years ago - but state tax departments require artists to pay taxes in their states if they make money in those particular jurisdictions. So if an artist goes on tour to 30 states, that is 30 tax jurisdictions to file in. Being an entertainer, as Prince was, requires a massive amount of legal and financial assistance. Unfortunately, whomever he entrusted these services to did not or could not successfully address end-of-life matters with him. So, IMO, these people patting themselves on the back for getting his masters back ... congratulate yourself about an absolutely unnecessary $100 million dollar tax bill.


i just cant see how the goverment can take half . 30% is even too much. They should only get 20% tops.
I asked Prince what he was planning to do. He told me , I'm going to look for the ladder. I asked him what that meant. All he said was, sometimes it snows in April. - book D.M.S.R.
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Reply #285 posted 01/19/17 12:00pm

laurarichardso
n

Menes said:



precioux said:


morningsong said:




mmm, I'm not sure, I mean outside of his jw beliefs about politics, Prince demonstrated a pretty patriotic persona, so I'm not quite sure he'd of had THAT major of an issue with paying taxes even huge taxes. Show me if I'm wrong.



Prince was pretty notorious for paying tax bills years late. There is an article that was posted in a thread here on the org less tan 48 hours ago, in that article which was published a few years back, the taxes were so late that foreclosure had been filed against the property (one of his houses, not PP) [Edited 1/18/17 19:09pm]

Don't say that too loud around here.. you'll be accused of picking on him (although its the fact).


No the documents are not there to back up the Foreclousure. If you look in the Carver county site you will see late taxes paid and no of record of a tax sale or a lien which is what usually happens not a foreclosure. He was late paying and he did complain to Channahasen city conucil about property taxes being to high.
[Edited 1/19/17 12:08pm]
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Reply #286 posted 01/19/17 12:02pm

laurarichardso
n

DD55 said:



1Sasha said:


One thing completely stunned me - I had never thought about it until a couple of years ago - but state tax departments require artists to pay taxes in their states if they make money in those particular jurisdictions. So if an artist goes on tour to 30 states, that is 30 tax jurisdictions to file in. Being an entertainer, as Prince was, requires a massive amount of legal and financial assistance. Unfortunately, whomever he entrusted these services to did not or could not successfully address end-of-life matters with him. So, IMO, these people patting themselves on the back for getting his masters back ... congratulate yourself about an absolutely unnecessary $100 million dollar tax bill.





Just a thought but why do you all care about this tax bill? The bottom line is that people (siblings) who had zero input in the creative process and/or making of the music are getting less money. Money they did nothing to earn in the first place. Seems like perfect P logic to me.






That may well have been P's point. His family did nothing to earn that money so why should anyone be worried that it is going off to taxes. Also a will would not have stopped taxes only a trust.
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Reply #287 posted 01/19/17 12:05pm

laurarichardso
n

laytonian said:

Menes said:



precioux said:




morningsong said:





That's what the media keeps saying. Probably true. We shall see.



The article I read(I'll find the post) said 50%, an additional 5% for something else, and with deductions, etc. they are guesstimating $100 million to be paid....my jaw fell on the floro. Now you KNOW P would've had NONE of this...which brings me back around to...wth is the damn wil?!?!?!



All things considered, I cant see him "planning" it that way. Major, major accident with unintended circumstances. Was there a life insurance policy?



A will wouldn't change a thing. Carefully executed trusts, yes.
Bit those are CONtracts.

As for life insurance: That is only for those without solid assets to take care of dependents. P had plenty of assets and no dependents.

Thank you.
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Reply #288 posted 01/19/17 12:14pm

precioux

laurarichardson said:

Menes said:

Don't say that too loud around here.. you'll be accused of picking on him (although its the fact).

No the documents are not there to back up the Foreclousure. If you look in the Carver county site you will see late taxes paid and no of record of a tax sale or a lien which is what usually happens not a foreclosure. He was late paying and he did complain to Channahasen city conucil about property taxes being to high. [Edited 1/19/17 12:08pm]

www.citypages.com/music/p...re-6621826

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Reply #289 posted 01/19/17 12:35pm

morningsong

precioux said:

laurarichardson said:

Menes said: No the documents are not there to back up the Foreclousure. If you look in the Carver county site you will see late taxes paid and no of record of a tax sale or a lien which is what usually happens not a foreclosure. He was late paying and he did complain to Channahasen city conucil about property taxes being to high. [Edited 1/19/17 12:08pm]

www.citypages.com/music/p...re-6621826



Not to keep going around about the same stuff that's been talked about for years. But the yellow house was torn down in 2005?


Seems he got into issues with property taxes a lot. But still don't see income tax issues.

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Reply #290 posted 01/19/17 12:39pm

laurarichardso
n

morningsong said:



ISaidLifeIsJustAGame said:


The Judge has just signed an Order that there will be a hearing held on February 18, 2017 regarding the Petition of Phaedra...


I dont think we ever saw the Petition filed by Phaedra.


The Judge has Ordered the Special Administrator to provide documents within 5 days to Phaedra which effectively removed her as an officer, secretary, or manager of NPG Music Publishing, and


other companies.


This is interesting.


eek eek






eek


I thought the her documents were sealed. I bet it was Londell who wanted to have Pheadra fired so he could make Universal the administrator and maybe cut a deal for himself ( at least that is what he has been accused of) I never understood why they wanted to the administration away from NPG records. All of the money that is collected could have stayed in house.
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Reply #291 posted 01/19/17 12:59pm

mnfriend

(copied from Laura)
"That may well have been P's point. His family did nothing to earn that money so why should anyone be worried that it is going off to taxes."

Great point. Also, sooo many of his women territorial, can you imagine his angst at having to then rate them monetarily? Well let's see she gets $100k,
but I have to leave X more since she... and her I already paid! Etc. Etc.
Perhaps he recognized the drama that could unfold.
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Reply #292 posted 01/19/17 1:41pm

morningsong

mnfriend said:

(copied from Laura) "That may well have been P's point. His family did nothing to earn that money so why should anyone be worried that it is going off to taxes." Great point. Also, sooo many of his women territorial, can you imagine his angst at having to then rate them monetarily? Well let's see she gets $100k, but I have to leave X more since she... and her I already paid! Etc. Etc. Perhaps he recognized the drama that could unfold.



One thing is for sure, he can no longer do anything with it so I guess it's let the chips fall where they may.

I guess seeing what happens with others estates never impressed him enough to even try controlling it after he's gone. Either those who loved you do what you would wish or they won't.

If the family handles it right his legacy will continue to generate funds for years or generations to come, so they won't be broke even if the taxes take more than half this go round. It's just money.

[Edited 1/19/17 13:47pm]

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Reply #293 posted 01/19/17 1:49pm

Menes

morningsong said:

precioux said:

www.citypages.com/music/p...re-6621826



Not to keep going around about the same stuff that's been talked about for years. But the yellow house was torn down in 2005?


Seems he got into issues with property taxes a lot. But still don't see income tax issues.

Yes, going back to 2008 it seemed to have been an issue with property taxes.

Prince, The Artist Former... His Taxes

Also there seemed to be some confusion about a tax issue with the french tax authorities for shows between 2009-2010. A summons was issued compelling him to appear. What came of it was an apparent Stipulation of Dismissal by P (whatever that means).

United States of America ...nesota ...

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Reply #294 posted 01/19/17 1:53pm

morningsong

laurarichardson said:

morningsong said:



eek

I thought the her documents were sealed. I bet it was Londell who wanted to have Pheadra fired so he could make Universal the administrator and maybe cut a deal for himself ( at least that is what he has been accused of) I never understood why they wanted to the administration away from NPG records. All of the money that is collected could have stayed in house.




I'm not understanding this at all. Seems some decision were made that Phaedra wasn't a part of and doesn't want to be held responsible for. All the different personalities involved now trying to steer in different directions. No longer just one person with one set of rules to deal with.

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Reply #295 posted 01/19/17 2:07pm

laytonian

morningsong said:



laurarichardson said:


morningsong said:




eek



I thought the her documents were sealed. I bet it was Londell who wanted to have Pheadra fired so he could make Universal the administrator and maybe cut a deal for himself ( at least that is what he has been accused of) I never understood why they wanted to the administration away from NPG records. All of the money that is collected could have stayed in house.




I'm not understanding this at all. Seems some decision were made that Phaedra wasn't a part of and doesn't want to be held responsible for. All the different personalities involved now trying to steer in different directions. No longer just one person with one set of rules to deal with.



Somebody let Tidal stream more than P agreed to.
Who would have?
londell our Phaedra?
Welcome to "the org", laytonian… come bathe with me.
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Reply #296 posted 01/19/17 2:17pm

DD55

laytonian said:

morningsong said:




I'm not understanding this at all. Seems some decision were made that Phaedra wasn't a part of and doesn't want to be held responsible for. All the different personalities involved now trying to steer in different directions. No longer just one person with one set of rules to deal with.

Somebody let Tidal stream more than P agreed to. Who would have? londell our Phaedra?

Just guessing, I don't really know. But based on what everyone seems to think, Londell only does things that line his own pockets so my guess would be Phaedra allowed Tidal to put the music on line. If this is true, to her I would say BLESS YOU!

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Reply #297 posted 01/19/17 2:56pm

ladygirl99

WEALTH CULTURE
Prince Put Music Before Money. His Estate Is Ready to Cash In

https://www.bloomberg.com...ly-guarded

I posted another article about the details of his estate and how the handlers will make money and plus it look like they reduce the PP tours amount.

But damn quite a few people are going to be involve even though Prince was a complicated man in life and business.

Also I agree with this quote in the article:

"Though the impulse to control his catalog inspired fellow artists, it limited Prince’s exposure and hurt the value of his music." I and several others on the org (and even Questlove said this too) that Prince was hurting his legacy by kept his music off the internet pre-Tidal deal. So therefore the estate has some work to cut out to get his music to and keep his music in the mass.

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Reply #298 posted 01/19/17 4:04pm

laurarichardso
n

ladygirl99 said:

WEALTH CULTURE
Prince Put Music Before Money. His Estate Is Ready to Cash In




https://www.bloomberg.com...ly-guarded



I posted another article about the details of his estate and how the handlers will make money and plus it look like they reduce the PP tours amount.



But damn quite a few people are going to be involve even though Prince was a complicated man in life and business.



Also I agree with this quote in the article:



"Though the impulse to control his catalog inspired fellow artists, it limited Prince’s exposure and hurt the value of his music." I and several others on the org (and even Questlove said this too) that Prince was hurting his legacy by kept his music off the internet pre-Tidal deal. So therefore the estate has some work to cut out to get his music to and keep his music in the mass.


Wrong he sold the most music last year and he forced people go out and but it since you could only stream it on Tidal and he got a higher royalty rate. He got the last laugh. If he had all that music on different streaming platforms he would have got the same old pennies everybody else was getting. I think it was Forbes that said the estate brought in 20 million in sales much better than 20,000.00 especially when the estate needs money for taxes.
[Edited 1/19/17 16:16pm]
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Reply #299 posted 01/19/17 4:10pm

laurarichardso
n

laytonian said:

morningsong said:



laurarichardson said:


morningsong said:




eek



I thought the her documents were sealed. I bet it was Londell who wanted to have Pheadra fired so he could make Universal the administrator and maybe cut a deal for himself ( at least that is what he has been accused of) I never understood why they wanted to the administration away from NPG records. All of the money that is collected could have stayed in house.




I'm not understanding this at all. Seems some decision were made that Phaedra wasn't a part of and doesn't want to be held responsible for. All the different personalities involved now trying to steer in different directions. No longer just one person with one set of rules to deal with.



Somebody let Tidal stream more than P agreed to.
Who would have?
londell our Phaedra?

--Phaedra not Londell who is the one trying to cut deals to get the music on other platforms. Maybe she did it because Prince had already approved the music to be on Tidal before he passed in some kind of handshake deal or maybe she just said fuck it to Londell and Breamer. One of the reason Tidal has not turned over any paperwork is because they said they do not have a deal with Breamer but a deal with Prince. Maybe Jay-z and Pheadra were working together to go against Londell once they found out he was a stealing butthole. Anyway just my guesses we shall soon find out.
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Forums > Prince: Music and More > The Estate Discussion - Part 6 - Continued