Everyone knows that Prince died unexpectedly and without a will. Therefore, intestacy laws are governing who inherits his estate. Prince also died without leaving any instructions for how his music should be managed. Who will get rights to Prince’s famous songs? Who will decide what companies can use his music in their commercials or parties? How will his songs continue to make money now that he is deceased? The New York Times, on November 2, 2016, reported that the first major deal regarding Prince’s music has been made.
Dying Intestate
- Prince died intestate in Minnesota.
- Therefore, his estate is being administered according to Minnesota intestacy laws, which are probably similar to Florida’s intestacy laws.
- Probate lawyers know that an intestate estate in Palm Beach is any part of a decedent’s estate that is not effectively disposed of by a will in Florida.
- In other words, dying intestate means that you died without a Florida will?
- If I did not have an estate planning lawyer create a will with me, what happens to my Florida property?
- Who inherits under Florida Intestacy Laws?
- What do they inherit?
- Click here to read Chapter 732 of the Florida Statutes, and learn more about Florida intestate succession and Florida wills.
Rockstar Prince’s Music
- On November 2, 2016, The New York Times reported that Prince’s songwriting rights are going to the Universal Music Publishing Group for an undisclosed sum.
- Prince’s estate will retain ownership of the songs, while Universal Music Publishing Group will be able to determine where his music can be heard.
- To read the entire article, click here.