Prince’s heirs are fearing that they will receive no money from the late singer as his estate has reportedly been blowing $600k per month and could leave nothing for them, according to TMZ.
Sources around Prince’s heirs also told TMZ that they’re shocked at how much money is being spent. They believe at this rate, nothing but will be left for them.
Comerica has been managing Prince’s estate and according to new documents obtained by TMZ, they are charging the estate $125k per month. By also working with Fredrikson & Byron P.A to represent Prince’e estate in court, the totals come up to $440k which includes fees and expenses.
Comerica is also handing down 600 pages of invoices to the heirs of why the spending is happening and broke down every specific expense. Total costs to manage the estate finally come up to $250 million.