PRINCE: Relatives to Inherit $156 Million

todayJanuary 18, 2022 5

share close

The Internal Revenue Service (IRS) reached an agreement with the bank handling the estate of Prince. They settled on a value of $156 million.

Six years ago, the Minneapolis musician died of an accidental fentanyl overdose without a written will.

The next step will be to divide the $156 million. Three surviving relatives will receive an equal share along with a music company. Primary Wave had previously purchased the interests of Prince’s younger siblings.

However, the tax man takes the first slice of the $156 million pie. The inheritance will be taxed at 40% at the federal level and 16% in the state of Minnesota. (Minneapolis Star-Tribune)


Written by: Tony Williams

Rate it

Previous post


PRINCE HARRY: “Unable to Return” to England

Prince Harry might not return to England for the Queen’s jubilee. Next month, Queen Elizabeth II celebrates 70 years on the British throne. A Royal record. Harry and Meghan Markle want to travel with Archie and Lilibet for the Queen’s jubilee. His attorneys claim that Harry’s private security team needs access to top secret British intelligence. (quote) “In the absence of such protection, Prince Harry and his family are unable to return to his home. In recent years, his […]

todayJanuary 18, 2022 7