Prince's heirs worried about his money

posted by DeWayne & Tamme -

PRINCE:  Heirs ready for his will to be settled

Prince's heirs can't wait for the details about his will to be settled -- because they're worried the dough will have disappeared by the time they get their checks.

According to TMZ, the late superstar's relatives are freaking out about how much it costs just to do all the paperwork involved in the inheritance deal. The gossip site put together the pieces and found that the company doing the legwork is spending about $600,000 per month just to handle the cash.

Those expenses include $125,000 per month in management fees, $400,000 for tax lawyers, and separate high-ticket deals with trademark attorneys and lawyers for overseas dealings.

Prince's estate is estimated to be worth $250 million.


MORE BIG 95 MUSIC NEWS:  Friday, February 23rd

GEORGE HARRISON:  Remembering him on his 75th birthday this weekend

George Harrison would have turned 75 this Sunday (February 25th). To celebrate, the 2002 tribute to him, Concert for George, is being reissued today (Friday) in numerous configurations, including, for the first time, vinyl.

Concert for George was organized by his friend Eric Clapton at London's Royal Albert Hall on November 29th, 2002, the first anniversary of Harrison's death from cancer.  

Clapton talked about organizing the concert for George: "I had no idea how big it should be, but it kind of took shape very quickly. I thought the Albert Hall would be good and it was easy to pick the people 'cause there was a definite group of people that were always involved in George's life at one stage or another and came and went."

Among those people who took the stage that night were Paul McCartney, Ringo Starr, Billy Preston, Gary Brooker, Jeff Lynne, Tom Petty, Jim Capaldi and Ravi Shankar

Eric Clapton on what George Harrison would have thought of his efforts in organizing the Concert for George:

"I actually thought that he'd probably say, you know, 'Thanks very much Eric but I don't really want this,' you know, I mean that's the kind of George I knew. He could be very contrary, you know. And just when you think you were doing him a huge favor he'd kind of say, 'No, actually that's not what I want at all.' You never really knew if he was a 100-percent satisfied. But, I thought, 'What would I say if he said that?' and I thought, 'Well, I'm doing this for me actually. And that's more to the truth because I need to do this for him. But it is for me most of all. I need to be able to express my grief in this kind of way."

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