Saturday, December 07, 2019

Prince's Sister Facing Cash Flow Problems


Three years after his death Prince’s sister Tyka Nelson forced to sell off a chunk of her portion of his estate...

From The Blast
Tyka’s sale of Prince’s estate comes amid growing financial woes. Back in March, Tyka was ordered to pay up on $850,000 owed to lawyers who worked on her late brother's estate.
The judge found she owed money to three separate law firms. She owed the firm Gray, Plant, Mooty, Mooty & Bennett $116,652.11 for work done in 2016. Holland Knight is owed $717,254.37 for months of work. Another firm Barnes & Thornburg was owed $21,816.59. The money was to be collected from any money paid out to her from the estate. Back in October, another law firm accused Tyka of owing them money. The law firm Cozen O’Connor, claimed they are owed over $100,000 in legal fees for representing Prince's sister.
The law firms said it "intends to hold alien upon Tyka Nelson’s interest in the Estate of Prince Rogers Nelson, including any right to receive payments, property, proceeds, money or value of any kind, for agreed compensation for such services as were rendered by CozenO’Connor respecting Tyka Nelson’s interest in the Estate."
The family recently was shut down in their attempt to gain more control of the estate. 

Tyka is one of six heir's of her brother's estate.