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May 7, 2016 / Press

Several Weinstock Manion Attorneys Shed Light on Prince Estate

Martin Neumann and Robert Strauss were recently asked by several publications to discuss what may happen to Prince’s estate after his unexpected death, as well as the lack of an obvious plan for the disposition of the artist’s multi-million dollar estate. Martin was quoted by the Los Angeles TimesForbesCBS MoneyWatch and Buzzfeed News, while Robert was quoted in The Hollywood Reporter and USA Today.

According to Martin, Prince’s music is expected to the be the focal point of his estate, and will only increase in value after his death, particularly his unreleased material.

“There’s tremendous value there,” Martin told the Times. “For someone like Prince who’s been around for so long, obviously the value of his catalog will increase after his death, significantly more so than for other people.”

Robert agreed, saying that the expected value of Prince’s estate made the absence of a will even more surprising. Given Prince’s history of generously donating to a variety of charitable causes, it’s hard to believe the possibility that half of his wealth could end up in the hands of the IRS.

“It’s a mess,” said Robert in the Hollywood Reporter piece. “It’s unlikely to be consistent with what he would otherwise have wanted to do… In the absence of a contribution agreement, the charities would get nothing.”

For the Los Angeles Times story, see Value of Prince’s $200-million estate is expected to soar in coming years

For Forbes, see Prince Died Without a Will. What Happens Next To His $150 Million-Plus Estate?

For CBS MoneyWatch, see 7 Factors That Will Determine Prince’s Real Worth

For the BuzzFeed News article, see More Than Half of Prince’s Vast Estate Will Go To Taxes

To read the Hollywood Reporter piece, see Prince’s Estate: No Will Could Mean Chaos, Tax Bills and Lawsuits, Say Experts

For the USA Today story, see Could Paisley Park Become a Prince Museum? Maybe Not.

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