Live your life as if every day is going to be your last – from Gheto lyrics by Akon, well this was contrary to late Prince’s lifestyle as the Purple Rain hit-maker did not make a will before his death last week Thursday April 21, which has left his £200million estate in a “chaotic situation”
Sources told newsmen that the superstar was a “disaster” when it came to managing his own finances and business affairs, claiming that it was “virtually impossible” to get him to sign any legal documents in almost a decade.
Prince reportedly felt cheated by people who had made him sign various deals when he was younger, and as a result felt “paranoid” about putting his signature to any legally-binding paperwork, hence, changing lawyers almost every year, sometimes more often.
One professional who once worked with the singer told newsmen he received a call out of the blue from him to engage his services, prompting him to ask Prince for his business files.
The singer replied: “I don’t know, they’re out there somewhere.”
but the professional never received the documents.
Though the ‘Diamonds and Pearls’ hitmaker frequently switched teams of business professionals, he did have a group of trusted advisers.
Just yesterday, Teusday April 26th, Prince’s sister Tyka Nelson filed legal documents stating her brother did not leave a will.
In the paperwork, Ms Nelson, Prince’s only full sibling, writes: “I do not know of the existence of a will and have no reason to believe that the decedent executed testamentary documents in any form.”
Ms Nelson lists herself and five other half-siblings, John, Norrine, Sharon, Alfred and Omar, as potential heirs to Prince’s fortune. The Purple Rain star’s half-sister Lorna, who died in 2006, is also listed as an interested person.