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Prince’s heirs are reportedly upset over the amount of money being spent by the singer’s estate – as high as $600,000 per month – and that there won’t be any cash left over for their inheritance.

Sources tell TMZ the heirs are baffled as to why it costs so much for Comerica Bank to manage the late artist’s estate.

Its monthly fee alone is $125,000, according to docs. Comerica also hired the law firm Fredrikson & Byron P.A. to rep the estate in court (i.e. Prince’s label suing Roc Nation), supervise and coordinate with accountants and advise on tax-related issues. Last November alone, the law firm billed more than $440,000 in fees and expenses.

On top of that, F&B then hired other attorneys to deal with trademarks, overseas litigation and services on deal proposals, among other things.

Comerica, TMZ reports, has taken the step to break down its spending costs in more than 600 pages of invoices, detailing exactly where the money’s going and why it costs so much to manage the estate, which is reportedly worth around $250 million.



(Photo by Matt Sayles/Invision/AP, File)

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7 thoughts on “Prince’s Heirs Worried Estate Handlers Are Wasting Their Inheritance

  1. He didn’t want to leave anything to them anyway. He didn’t have a good relationship with them and didn’t even claim some of them as brothers/sisters. Give it all to charity.

  2. This is what happens when a person has vast wealth and does not prepare before death…..get your affairs in order while you still can!!!!

    • Unless you want specific people to benefit, what difference does it make if you get your affairs in order? It’s not like Prince is going to be affected by whatever these vultures do. Let them eat each other alive. He’s good.

  3. They better petition the court to appoint a new executor or there really won’t be anything left for them…..damn, theiving Comerica and the attorneys are all in cahoots together!!

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