The legendary musician died at his Paisley Park compound in Minnesota on Thursday. According to the documents, Nelson is requesting that Bremer Trust, National Association be named the special administrator to oversee her brother's estate. Under Minnesota law, a special or personal representative is appointed when an executor has not been named in the will.
In the filings obtained by TMZ, Nelson claims, “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."
If the singer did, in fact, die without leaving a will, his estate will be divided equally among his siblings. Nelson lists all the potential beneficiaries of her brother's estate in the filing, as well. She is Prince's full biological sibling, but she also listed half-siblings John, Norrine, Sharon, Alfred and Omarr.
As for how much his beneficiaries stand to inherit, crude estimates put his net worth around $300 million, and his song catalog is thought to be worth about $100 million. But there have also been reports that the singer had money problems and tax issues and it is unclear if those problems were resolved at his time of death.
UPDATE: On Wednesday, a judge ruled that Prince died without leaving a will and granted his sister's request to appoint Bremer Bank as special administrator of Prince's estate.