The valuation dwarfs Comerica’s earlier $82.3 million appraisal. The Internal Revenue Service in 2020 had valued the estate at $163.2 million.
MINNEAPOLIS —
Since then, lawyers and consultants have been paid tens of millions of dollars to administer his estate and come up with a plan for its distribution. Two of Prince’s six sibling heirs, Alfred Jackson and John R. Nelson, have since died. Two others are in their 80s. The IRS and Comerica settled last spring on the real-estate portion of Prince’s estate. But the trickier task of valuing intangible assets such as rights to Prince’s music was not completed until October.
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