The musical legend, who died on April 21 at the age of 57, will have his multi-million dollar estate appointed to Bremer Trust temporarily.
Judge Kevin Eide gave the trust company the responsibility and “authority to manage and supervise [Prince’s] assets and determine the identity of [his] heirs,” according to court documents. Bremer will act as an administrator for six months or until a personal representative takes over.
TMZ reported that the singer’s assets could potentially be divided among his living brothers and sisters — Tyka Nelson, John Nelson, Norrine Nelson, Sharon Nelson, Alfred Jackson and Omarr Baker.
According to People, Prince’s sister Tyka filed the emergency petition for the appointment of a special administrator on Tuesday morning.
“I do not know of the existence of a Will and have no reason to believe that the Decedent executed testamentary documents in any form,” the document states.
Last week, Prince passed away at his Paisley Park home in Chanhassen, MN.
He was cremated, and his loved ones held a private ceremony in his hometown two days after his death on April 23.
Prince’s lawyer, L. Londell McMillan, revealed that the star lived a healthy lifestyle and “wasn’t drugged up” prior to his death.