If he had been married or did some better tax planning it would have been less but still a windfall for the federal and Minnesota governments.

Why Over Half of Prince’s Estate Will Go to the Government

It appears that the pop star Prince may have died without a will, leaving behind a multi-million dollar and growing estate. Although Prince has one full sister and five half-siblings, Prince’s family members will not be his biggest heirs.

Both the federal government and Minnesota’s state government will assess so-called “death taxes” or estate taxes on Prince’s assets, taking away more than half his estate. Between his physical assets—cash, investments, home, etc.—and his future royalties, Prince’s estate has been estimated to be between $300 and $500 million.


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4 Comments | Leave a comment
  1. Teri says:

    What a shame. Big lesson to us all : Don’t put off making your will !

  2. cbldski says:

    I was my mothers executor of her estate when she died. She had a will, but did not file it. In addition, she had not file her taxes the last three years of her life. So Teri is right, make a will and pay your taxes or the goverment will get money that should go to yor relatves.

  3. Marie says:

    Prince was so private that he probably didn’t want to even share stuff with an estate planner. It’s a piety because my son and I were just out at Chanhassen putting flowers at Paisley Park. They were talking about making it a museum. Since the state is evolved, I’m guessing that this possibility is not going to occur.

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