After the singer died in 2016, his six half-siblings were named his legal heirs.
Now, according to a copy of court documents obtained by CNN, the Minnesota First Judicial District has ordered that the money in Prince’s estate be divided equally between Prince Legacy LLC and Prince OAT Holdings LLC.
Prince Legacy LLC consists of interests previously held by three of Prince’s siblings, Sharon Nelson, John Nelson and Norrine Nelson.
According to court documents, Prince Oat Holdings LLC is owned by music publishing company Primary Wave and consists of interests once held by Tyka Nelson, Omarr Baker and Alfred Jackson, as well as three separate entities owned by Primary Wave.
The documents also list the bank appointed by the court to administer the affairs of the estate during the litigation.
Comerica Bank & Trust receives $3 million to pay the costs and expenses associated with the closing of the estate, “including the preparation of tax returns, professional fees, costs and any awards entered in pending litigation related to the Estate .” The remainder is split between Prince Oat Holdings LLC and Prince Legacy LLC.