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Thread started 03/01/20 11:48pm

luv4u

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The Estate Discussion - Continued

Continue discussion here--------------------------------------

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Click on the link to sign up for updates or to view court documents. - luv4u

Link: http://www.mncourts.gov/I...elson.aspx

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Edmonton, AB - canada
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Ohh purple joy oh purple bliss oh purple rapture!
REAL MUSIC by REAL MUSICIANS - Prince
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Reply #1 posted 03/02/20 4:48pm

Astasheiks

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Dang P, I know you can't read this but you could have left a Will and helped some middle class or poor folks or both instead these Vultures getting this much money:

A recent probate court document chronicling expenses for the year ending Jan. 31, 2019, shows that Comerica, the Dallas-based bank administering the estate, got $1.5 million in fees. Troy Carter, Comerica’s L.A.-based entertainment consultant and Lady Gaga’s former manager, received $2 million. And Fredrikson & Byron, the Minneapolis law firm working for Comerica, took in $3.8 million.

http://www.startribune.co...568089142/

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Reply #2 posted 03/03/20 10:00am

PeggyO

Astasheiks said:

Dang P, I know you can't read this but you could have left a Will and helped some middle class or poor folks or both instead these Vultures getting this much money:

A recent probate court document chronicling expenses for the year ending Jan. 31, 2019, shows that Comerica, the Dallas-based bank administering the estate, got $1.5 million in fees. Troy Carter, Comerica’s L.A.-based entertainment consultant and Lady Gaga’s former manager, received $2 million. And Fredrikson & Byron, the Minneapolis law firm working for Comerica, took in $3.8 million.

http://www.startribune.co...568089142/

Troy Carter: 2 million! That seems excessive.

I expect the lawyers to gouge.

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Reply #3 posted 03/03/20 3:36pm

jfenster

he knew even if he left a will ....they wouldve been underhanded

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Reply #4 posted 03/04/20 3:31am

Vannormal

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PeggyO said:

Astasheiks said:

Dang P, I know you can't read this but you could have left a Will and helped some middle class or poor folks or both instead these Vultures getting this much money:

A recent probate court document chronicling expenses for the year ending Jan. 31, 2019, shows that Comerica, the Dallas-based bank administering the estate, got $1.5 million in fees. Troy Carter, Comerica’s L.A.-based entertainment consultant and Lady Gaga’s former manager, received $2 million. And Fredrikson & Byron, the Minneapolis law firm working for Comerica, took in $3.8 million.

http://www.startribune.co...568089142/

Troy Carter: 2 million! That seems excessive.

I expect the lawyers to gouge.

-

I agreee. But...

Replace Troy Carter, and the new replacement will ask even more.

That's how it goes in the good old US of A.

Live with it, or stand up.

(It's called unfair distribution of wealth;

a crooked $-system with unbalanced poor taxrates, and less involvement of gouvernement.)

Reap what you sow.

-

More participation and decisions (and money) for the heirs is imho not a good idea.

They didn't do anything to get Prince where he got.

I believe that Comerica (as far as i'm well informed) is not a bad solution.

It could've been a lot worse. Think about it.

-

"...no matter what, all will be fine, always."
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Reply #5 posted 03/04/20 7:26am

PeggyO

Oh, I am fine with Comerica and am happy his heirs are not in charge, but I was really surprised at the fee Troy Carter is charging "for his labor of love."

Vannormal said:

PeggyO said:

Troy Carter: 2 million! That seems excessive.

I expect the lawyers to gouge.

-

I agreee. But...

Replace Troy Carter, and the new replacement will ask even more.

That's how it goes in the good old US of A.

Live with it, or stand up.

(It's called unfair distribution of wealth;

a crooked $-system with unbalanced poor taxrates, and less involvement of gouvernement.)

Reap what you sow.

-

More participation and decisions (and money) for the heirs is imho not a good idea.

They didn't do anything to get Prince where he got.

I believe that Comerica (as far as i'm well informed) is not a bad solution.

It could've been a lot worse. Think about it

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Reply #6 posted 03/04/20 9:49am

Astasheiks

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jfenster said:

he knew even if he left a will ....they wouldve been underhanded

I think a True Legit Signed Will with a couple of good witness and a Excellent Lawyer could have cut out a lot of this shafting!

[Edited 3/4/20 9:50am]

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Reply #7 posted 03/04/20 9:54am

Astasheiks

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Astasheiks said:

Dang P, I know you can't read this but you could have left a Will and helped some middle class or poor folks or both instead these people getting this much money:

A recent probate court document chronicling expenses for the year ending Jan. 31, 2019, shows that Comerica, the Dallas-based bank administering the estate, got $1.5 million in fees. Troy Carter, Comerica’s L.A.-based entertainment consultant and Lady Gaga’s former manager, received $2 million. And Fredrikson & Byron, the Minneapolis law firm working for Comerica, took in $3.8 million.

http://www.startribune.co...568089142/

Anybody know what Comerica got in:

2016?

2017?

2018?

2019:

Comerica, the Dallas-based bank administering the estate, got in fees: $1.5 million

Troy Carter, Comerica’s L.A.-based entertainment consultant and Lady Gaga’s former manager, received: $2 million

Fredrikson & Byron, the Minneapolis law firm working for Comerica, took in: $3.8 million

Total Comerica involvement here: $7.3 Million

[Edited 3/4/20 10:50am]

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Reply #8 posted 03/04/20 3:55pm

onlyforaminute

I'm not upset with Comerica's involvement, noboby with functional knowledge is going to work their butts off for free or even cheaply and do you well, folks need to quit. But the whole not handling first things first seems to be eating up a sizeable portion of the money, because there always seems to be some major hiccup with the corner cutting, then the deal goes bad or something totally unforeseen happens then you have to backtrack, clean up the mess then get stuff back on track, it bleeds money unneccessary.
Life is to be lived, not controlled, and humanity is won by continuing to play in face of certain defeat.

-Ralph Ellison
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Reply #9 posted 03/04/20 5:55pm

Mumio

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I'm not sure why people are so damn worried about someone else's money. Why should anyone care how much of it goes to the lawyers, to Comerica, or anywhere else for that matter? Prince isn't here to earn nor spend it anymore and he left these things the way he wanted them to be. It's not our money, we have no say at all. It's the heirs problem, not ours.

Welcome to "the org", Mumio…they can have you, but I'll have your love in the end nod
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Reply #10 posted 03/04/20 7:00pm

onlyforaminute

Curiosity on how things work. Different than mere speculation.
[Edited 3/4/20 19:01pm]
Life is to be lived, not controlled, and humanity is won by continuing to play in face of certain defeat.

-Ralph Ellison
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Reply #11 posted 03/05/20 5:45am

tmo1965

That is a lot of money. Does anyone know how much the estate grossed last year? Maybe the estate made a lot, so that's why their cut is large.

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Reply #12 posted 03/05/20 8:55am

Astasheiks

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tmo1965 said:

That is a lot of money. Does anyone know how much the estate grossed last year? Maybe the estate made a lot, so that's why their cut is large.

Sure is and add their 2016, 2017, 2018 cut and that would be a Bigger Grand Total banked off of the "No Will"... confused smile

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Reply #13 posted 03/05/20 8:59am

Astasheiks

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onlyforaminute said:

I'm not upset with Comerica's involvement, noboby with functional knowledge is going to work their butts off for free or even cheaply and do you well, folks need to quit. But the whole not handling first things first seems to be eating up a sizeable portion of the money, because there always seems to be some major hiccup with the corner cutting, then the deal goes bad or something totally unforeseen happens then you have to backtrack, clean up the mess then get stuff back on track, it bleeds money unneccessary.

I'm not upset at Comerica either. I found it interesting what they can Bank on somebody elses f-up/mess up/negligence! smile Matter fact seems like a very good Business to be in! razz biggrin

[Edited 3/5/20 9:13am]

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Reply #14 posted 03/05/20 9:21am

Astasheiks

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eye

[Edited 3/5/20 9:27am]

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Reply #15 posted 03/05/20 3:19pm

ISaidLifeIsJus
tAGame

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For those of you who do not read the Estate files, I would encourage you to do so.

This affidavit outlines what Comerica has been doing on a day to day basis for the last several months.

It is a huge undertaking.


http://www.mncourts.gov/m...her2_1.pdf



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Reply #16 posted 03/05/20 9:04pm

ISaidLifeIsJus
tAGame

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Also, they are still in litigation in Italy over TMBGITW.

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Reply #17 posted 03/06/20 6:02am

rogifan

[Off topic snip - luv4u]

Paisley Park is in your heart
#PrinceForever 💜
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Reply #18 posted 03/06/20 2:27pm

onlyforaminute

ISaidLifeIsJustAGame said:

For those of you who do not read the Estate files, I would encourage you to do so.

This affidavit outlines what Comerica has been doing on a day to day basis for the last several months.

It is a huge undertaking.


http://www.mncourts.gov/m...her2_1.pdf




A lot of interesting stuff.
Life is to be lived, not controlled, and humanity is won by continuing to play in face of certain defeat.

-Ralph Ellison
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Reply #19 posted 03/06/20 3:47pm

Astasheiks

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Yes Indeed

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Reply #20 posted 03/06/20 5:51pm

rogifan

How was my article about changes at Paisley Park off topic?

Paisley Park is in your heart
#PrinceForever 💜
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Reply #21 posted 03/06/20 8:11pm

luv4u

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rogifan said:

[Off topic snip - luv4u]


Nothing to do with what is going on in the courts.


Moderators have final say.
prince.org administrators and moderators reserve the right to edit, relocate and/or remove any message, at any time, for any reason. Consider all editing decisions final. If you don't agree with a decision, you may discuss it with the moderator who made the judgment in private.

Edmonton, AB - canada
Mod Goddess of the SNIP & BAN Making Moves - OF4S
Ohh purple joy oh purple bliss oh purple rapture!
REAL MUSIC by REAL MUSICIANS - Prince
"I kind of wish there was a reason for Prince to make the site crash more" ~~ Ben
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Reply #22 posted 03/09/20 8:16pm

nelcp777

ISaidLifeIsJustAGame said:

Also, they are still in litigation in Italy over TMBGITW.

That is mad crazy.

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Reply #23 posted 03/09/20 8:32pm

luv4u

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nelcp777 said:

ISaidLifeIsJustAGame said:

Also, they are still in litigation in Italy over TMBGITW.

That is mad crazy.


I think they will rule in Prince's favor

Edmonton, AB - canada
Mod Goddess of the SNIP & BAN Making Moves - OF4S
Ohh purple joy oh purple bliss oh purple rapture!
REAL MUSIC by REAL MUSICIANS - Prince
"I kind of wish there was a reason for Prince to make the site crash more" ~~ Ben
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Reply #24 posted 03/10/20 8:29am

nelcp777

luv4u said:

nelcp777 said:

That is mad crazy.


I think they will rule in Prince's favor

I hope so. It has been a lengthy and I am sure expensive process.

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Reply #25 posted 03/10/20 2:44pm

jfenster

Astasheiks said:

jfenster said:

he knew even if he left a will ....they wouldve been underhanded

I think a True Legit Signed Will with a couple of good witness and a Excellent Lawyer could have cut out a lot of this shafting!

[Edited 3/4/20 9:50am]

not with sell out whores all over

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Reply #26 posted 03/11/20 12:05pm

Astasheiks

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biggrin lol

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Reply #27 posted 03/13/20 7:34pm

ISaidLifeIsJus
tAGame

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SNJ filed a motion to be awarded a portion of the Estate.

They argue the other heirs sold out, and are financially fluid but they are not because they have held out on selling part of their inheritance even though they have been offered buyouts.

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Reply #28 posted 03/15/20 11:16am

onlyforaminute

ISaidLifeIsJustAGame said:

SNJ filed a motion to be awarded a portion of the Estate.

They argue the other heirs sold out, and are financially fluid but they are not because they have held out on selling part of their inheritance even though they have been offered buyouts.


I wonder all that offered.
Life is to be lived, not controlled, and humanity is won by continuing to play in face of certain defeat.

-Ralph Ellison
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Reply #29 posted 03/15/20 2:08pm

Mumio

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ISaidLifeIsJustAGame said:

SNJ filed a motion to be awarded a portion of the Estate.

They argue the other heirs sold out, and are financially fluid but they are not because they have held out on selling part of their inheritance even though they have been offered buyouts.

I have to wonder about that Lawnie connection though and any money they may owe him nod

Welcome to "the org", Mumio…they can have you, but I'll have your love in the end nod
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