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The rightful heirs to estate of the late artist, Prince, have finally been identified by a Minnesota probate court over a year after his death. However, before they can collect, the rightful heirs are required to wait an additional year for appeals by those who were rejected as heirs. This means that additional heirs could potentially be named, though it is not expected.

While it is not unusual for celebrity deaths to result in multiple claims to the deceased's estate, Prince's death resulted in over 40 different claims. Many of which, such as the one from an incarcerated fellow in Colorado, were disproved using DNA tests. Last week, the judge ruled that Prince's six siblings will split the $200 million estate.

The trustees of Elizabeth Taylor's estate have filed a lawsuit against Christie's due to a couple disputes over some high priced auction items. The late Taylor's jewelry collection was acclaimed as legendary. The actress, businesswoman, and fragrance mogul, amassed a fortune in jewels throughout her life, a treasure trove that sold for over $150 million after her death.

The primary issue involves a $9 million diamond that was rumored to have been owned by a Mughal emperor from the 1600s (but was not listed as such by Christie's). In addition to this rumored piece, another $3 million Bulgari ring is also at issue.

On February 18 and 24, 1969, the Jimi Hendrix Experience played two shows at the Royal Albert Hall in London. Considering the iconic artist and the iconic venue, this is no doubt a concert Hendrix fans would die to see. But thanks to ongoing litigation they're just hoping they don't die before they're able to see it.

The concerts were filmed and recorded with the express purpose of being released as a film. The problem, in the intervening 48 years, is that the parties to the recording contract can't seem to agree on how to release the footage. And with a recent California Court of Appeals decision, that release will be delayed even further.

Fans of the artist Prince were delighted with the recent announcement that a new posthumous album, named after the title track, 'Deliverance,' was being released. The unexpected surprise album was all set to release this Friday, on the one year anniversary of Prince's death. Unfortunately for fans, the album's producer, Prince's former sound engineer, will not be able to drop the album on time, or maybe ever at all, thanks to a federal court order.

The controversy over the new album is courtesy of Paisley Park, Prince's music company and estate. Essentially, Paisley Park convinced a court to temporarily stop the former sound engineer from releasing the six song album of unreleased Prince songs. Fortunately for fans, one of the tracks was released early, and has, hopefully, now been immortalized on the internet. Fans may have a long time to wait before ever hearing the other songs. While the order blocking the album release is only temporary, there is a high likelihood that it will be made permanent.

The battle between the IRS and Michael Jackson's estate is heating up. While trial is not set to begin until 2017, the end result could make this a billion dollar case. The dispute centers around the value of Michael Jackson's likeness rights at the time of his death. The IRS claims that these rights were worth approximately $434 million, while the estate asserts that these were only worth about $2,100.

Most recently, the court has decided to exclude expert analysis on the valuation of Jackson's image. However, it has required certain key members of the legal team from Jackson's estate to be deposed, as well as one of Jackson's former business managers. Since this case has been pending since shortly after the pop star's death, nearly half a decade ago, the legal fees have become astronomical. It is estimated that by the time the case is through, if the IRS prevails, the estate will owe nearly $1 billion.

The Jiggaman may be wondering what is going on after getting sued by the now deceased artist known as Prince. This week, Prince's companies filed a copyright infringement lawsuit against Jay-Z's company Roc Nation, for allegedly streaming Prince's music on the Tidal streaming service without permission.

While Prince's companies concede that Tidal has authorization to stream one of Prince's albums, the suit is focused on the streaming of several songs not on the one album, as well as the unauthorized use of Prince's images. Perhaps the Roc Nation thought they'd be able to get away with a little copyright infringement after Prince's death this past April, or perhaps there's more to it.

The fight over the music catalog of iconic American singer, songwriter, pianist, and civil rights activist, Nina Simone, may soon be over as the 9th Circuit Court of Appeals gets ready to enter the fray. The legendary artist died in April 2003 at the age of 70. Her ex-husband, ex-attorney, and former studios are all claiming some rights to the music catalog.

The fight in the Federal Northern District Court of California has been ongoing since as early as 2008, and 2007 in the Federal Court in New York. The claims have been made back and forth, with each party counterclaiming against the other for various causes of action all geared at establishing ownership of the deceased artist's music. Then, in 2012, when the ex-husband, Stroud, died, things became even more complicated.

Based on what celebrity news outlets are reporting, popular hip-hop artist Rakim Mayers, better known as A$AP Rocky from the A$AP Mob crew, is being sued by his former landlord for destroying a luxury condo. Among the allegations are that Mr. Mayers scratched up the floors, got rid of a chandelier and a security camera, and turned his walk in closet into a recording studio.

While multiple sources are reporting this story, claiming that a federal lawsuit has been filed against Mr. Mayers, it is worth mentioning that the Federal database PACER does not currently turn up documents that support the claim that Mr. Mayers is being sued.

Property of the Rich and Famous: Taylor Swift's $25M Mansion

So you want to be Taylor Swift and you wish you could live her life. Well, you probably can't but you can peek at how the young superstar is living by taking a tour of her $25 million mansion.

She shared her home and her thoughts with Vogue and now we all know that she advises getting a good lawyer and that she considers herself "a national lightning-rod for slut shaming." Also, she has a fancy Scrabble board and spatulas with her initials on them, among tons of other junk. Swift may be a pop visionary and an intellectual property hawk angling to own "1989" but her sense of design is very 1942, which is the year her mansion was built.

Estate Planning Principles and Drilling Prince's Vault

Since Prince died late last month, little time has been wasted addressing the handling of his estate. His sister filed documents with the Minnesota courts stating that Prince left no will just days after he died, and last Friday, reports ABC News, the singer's mysterious vault was drilled open by the Bremer Trust, appointed the administrator of his estate.

The vault reportedly contains enough unpublished music to release an album by Prince every year for the next century, some of it pre-dating Purple Rain, the album that catapulted him to fame. But for our purposes, the drilling of the vault is interesting for what it illustrates about estate law and keeping precious goods safe.