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		</div><p>The six-year legal battle over pop superstar Prince’s estate has ended, meaning the process of distributing the artist’s wealth could begin next month.</p>
<p>The Minneapolis Star Tribune in the US reports that the Internal Revenue Service and the estate’s administrator, Comerica Bank &; Trust, agreed to value Prince’s estate at 156.4 million dollars (£114.3 million), a figure that the artist’s heirs have also accepted.</p>
<p>The valuation dwarfs Comerica’s earlier 82.3 million dollar (£60.1 million) appraisal. The Internal Revenue Service in 2020 had valued the estate at 163.2 million dollars (£119.3 million).</p>
<p>Prince, who died of a fentanyl overdose in 2016, did not leave a will.</p>
<p>Since then, lawyers and consultants have been paid tens of millions of dollars to administer his estate and come up with a plan for its distribution.</p>
<p>Two of Prince’s six sibling heirs, Alfred Jackson and John R. Nelson, have since died. Two others are in their 80s.</p>
<p>“It has been a long six years,” said L. Londell McMillan, a lawyer for three of Prince’s siblings, at a court hearing on Friday.</p>
<p>In the end, the estate will be almost evenly divided between a well-funded New York music company, Primary Wave, and the three oldest of Prince’s six heirs or their families.</p>
<p>The IRS and Comerica settled last spring on the real-estate portion of Prince’s estate. But the trickier task of valuing intangible assets such as rights to Prince’s music was not completed until October.</p>
<p>Taxes on Prince’s fortune will run into the tens of millions of dollars.</p>
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