According to some court documents, it looks like Prince’s home in Minnesota might be turned into a museum to honor his legacy. Prince did not have a will in place at the time of his death, so there was no specific plan about what to do with his home either.
Bremer Trust, the administrator of his estate is currently looking for experts “to provide advice and counsel on how to manage public tours of the grounds, facilities and buildings located at Paisley Park.”
However, it also looks like Prince’s estate has to some tax issues to take care of so it’s hard to say at this point what will actually come of the house.
“The Court recognized that the Estate will likely not be able to pay the entire tax obligation when it becomes due and some interest and, perhaps,some penalties, are likely before the entire tax obligation is paid. As stated by all counsel … the looming tax obligation is certainly a consideration but it should not push the parties, the Special Administrator and the Court into acting in a manner that is not legally sound, is not prudent, and is not in the best interest of the heir[s].”
Perhaps too soon to know if Paisley Park will become the next Graceland.
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