Prince did not have a will in place to declare the distribution of his estimated USD$350 million fortune, according to a Minnesota judge. After a hearing this week, the judge approved the singer's long-standing bank to handle his personal and financial estate.
Bremer Trust has been tasked to "preserve the estate and to secure its proper administration until a general Personal Representative is appointed by the Registrar or by the Court," according to court documents obtained by People. The Trust is also charged with locating his heirs.
Prince was twice divorced and had no surviving children or parents. His only full blood relative is his younger sister, singer Tyka Nelson, 55, but he also have five half-siblings from his father’s second marriage.
Sources close to the family had already told TMZ that Prince had no will, which was in line with that many of his friends had said – that he simply had not wanted to make one.
Londell McMillan, his former lawyer, said: "It’s likely there is no will. He couldn't face it. He didn’t think he would die."
The news comes as more details about Prince's life at home as a committed Jehovah's Witness have emerged, in contrast to his raunchy public image.
He made anyone using bad language at his Paisley Park mansion pay up to $10 a time into a swear jar. "He didn't want to dishonour the faith. He wasn't joking," friend and fellow Jehovah's Witness James Lundstrom told the Telegraph.
"You had to pay in cash in the bucket. He would charge you between three and 10 dollars per swear word. Once I bumped my knee and I said 'damn'. He said 'What did you say?'"
Prince passed away at his Paisley Park home in Minnesota on 21 April at the age of 57. A post-mortem has been carried out, but so far no cause of death has been confirmed.