Company overseeing Prince's estate to change, documents show

AP News
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Posted: Dec 07, 2016 6:21 PM

CHASKA, Minn. (AP) — Court documents show the trust company overseeing Prince's estate wants to resign, but the late rock superstar's siblings disagree on a replacement.

Minnesota-based Bremer Trust was named temporary special administrator after Prince died in April. The company told the judge Wednesday it never intended to keep the job beyond Jan. 2.

Prince's sister, Tyka Nelson, said in filings late Tuesday she wants New York-based Fiduciary Trust Company International named as new special administrator and eventually executor of the estate. But her lawyers say she would also accept Michigan-based Comerica Bank and Trust.

The filings don't say who the other siblings want.

Since they're not unanimous, Bremer Trust attorney Laura Halferty writes, there's no need for the court to rush a decision until all the presumed heirs have been heard.