*A judge has confirmed that Prince died without a will in place and appointed the singer’s longtime bank to manage his assets, according to TMZ.
The website says it obtained documents from a hearing held Wednesday morning in Minnesota after Prince’s sister, Tyka, filed papers to start probate proceedings. The judge ruled that Prince’s assets will be distributed to his heirs … in this case, his brothers and sisters.
Also, Bremer Trust was appointed to serve as the administrator of Prince’s estate, which is reportedly worth roughly $150 million.
Tyka says Prince trusted the bank and did business there for years. The judge is only making the trust the administrator for up to 6 months, until a personal representative can be appointed. That could end up being a sticky situation if his relatives all vie for the position. BTW, Prince’s half brother, Omarr Baker, appeared at the hearing.