Mornings with Kevin O'Neill

Mornings with Kevin O'Neill

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PRINCE: Money Down the Drain?

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.

Kevin in the Morning!


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