The personal representative in charge of Prince’s estate is objecting to the late singer’s sister Tyka Nelson selling off a chunk to a third party.
According to court documents obtained by The Blast, Comerica Bank, who runs the estate, is responding to Tyka informing the court she sold a portion of her interest in the estate to a company, Primary Wave IP Fund.
Tyka requested that Primary Wave now be involved in “all matters related to the Estate” and be included in confidential business matters. In newly filed court documents, Comerica Banks says Primary Wave has no right to be included in anything.
Comerica states, “Primary Wave is not an Heir of Prince Rogers Nelson and should not be recognized or treated as such. In light of the unique nature of this Estate, the Court has granted the six Heirs a unique role in the administration of this Estate. The Court has permitted the Heirs unprecedented access to, and involvement in, the administration of the Estate, beyond that granted to heirs by the Probate code.”
They argue Primary Wave is not an Heir and it should be not be treated as such simply because it has purchased one or more Heir’s expectancy interests in the Estate.”
Comerica believes the addition of Primary Wave will slow down the estate matters. They also fear Primary Wave could access confidential information and agreements if allowed in.
They are asking the judge to not allow Primary Wave into the estate.