Susan Link, head of Maslon's Estate Planning Group, was interviewed by Cathy Wurzer for an MPR News Report titled, "Sorting out Prince's estate could take years." Wurzer states that the first court hearing addressing what will become of Prince's assets and intellectual property is set for Monday, sharing that experts say he left behind a complex estate that includes Paisley Park, his music archive and licensing, and rights for the use of his name and image.
Susan advises in the interview that the deadline for producing a will is "three years, actually—so it's a long time," adding that "unless somebody stands up and objects or files something [at Monday's court hearing], the petition's granted. They will appoint the personal representative to be administering assets…[it] is a proper procedure to be taken." She clarifies, "The only role of a special administrator is to gather and preserve the assets. They are not making decisions about who's entitled to receive the assets."
Susan Link practices in the areas of estate planning, probate, and trust administration. She works closely with families to plan the disposition of their assets, both during lifetime and at death, and to accomplish the optimal estate and gift tax planning for clients through wills, trusts, and other instruments. Additionally, Susan serves as the program director of Minnesota Wills for Heroes. The Wills for Heroes program, sponsored by the Minnesota State Bar Association, is designed to provide free legal services for the preparation of basic estate planning documents for Minnesota first responders. She is also a member of the American College of Trust and Estate Counsel and has taught as an adjunct professor at the University of St. Thomas School of Law.
To listen to the full interview, go to: MPR News: Sorting out Prince's estate could take years.