Judge declares Prince's 6 siblings the heirs to his estate

Judge declares Prince's 6 siblings heirs to his estate

Judge declares Prince's 6 siblings heirs to his estate

Singer Prince died after a drug overdose in April previous year.

Carver County District Judge Kevin Eide declared that Prince's sister, Tyka Nelson, and Prince's five half-siblings are his heirs: Omarr Baker, Alfred Jackson, Sharon Nelson, Norrine Nelson, and John R. Nelson. Eide has said he will consider any cases sent to him by the appellate courts. He had previously said he wouldn't declare the musician's siblings as his heirs until all appeals had been decided.

Eide also ruled that the Purple One's assets won't be distributed without a formal court order, adding that nothing will be distributed that might affect the claims of those whose appeals are still pending.

Court filings suggest his estate is worth around $200 million, maybe more depending on the value of his musical legacy and his unreleased recordings.

Prince's family, of course, has raised issues about the delay of distribution, saying that prolonging it will diminish the estate.

Oil rises as OPEC cuts outweigh United States drilling boom
The oil nations decided late past year on an output cut of 1.8 million barrels per day (bpd) to reduce global oil inventories. Saudi Aramco will reduce supplies to Asian customers by about 7 million barrels in June.

Prince died at age 57 of an accidental, self-administered overdose of the powerful painkiller fentanyl in April 2016 at his Paisley Park Studios compound in the Minneapolis suburb of Chanhassen.

Meanwhile, Universal Music Group and Comerica Bank, the manager of Prince's estate, are moving ahead with plans to terminate the US$31m [NZ$44.8m] recorded-music deal announced earlier this year.

A judge confirmed Prince's six siblings to be his rightful heirs in a ruling released Friday, bringing them a big step closer to collecting their shares of the music legend's multimillion-dollar estate.

Confusion over the February deal began as soon as it was announced.

Last month, a US judge blocked a planned release of new Prince music.

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