ILOSM family, it’s starting to look like the the $250million dollar fortune the late Prince left behind, is gonna damn near be reduced to rubble before his siblings get their cuts. Okay, maybe not to ‘rubble,’ but at the rate his estate overseer, Comerica Bank & Trust are reportedly spending Prince’s paper like it’s growing off trees, Prince’s 7 remaining siblings may only get coins…literally. That’s what has landed them back in court, where a judge has handed them a big loss and gain at the same damn time.

How Prince’s Siblings Loss Case Against Estate

A while back, we told y’all that Prince’s siblings were beefin’ amongst themselves over the selection of the estate administrator- some of them were for that it and some were against. The three who were against Comerica handling their brother’s money- half siblings, Sharon, Norrine and John Nelson- took their grievances to court, claiming the estate was overspending money. They wanted the judge to remove the overseer as administrators of the estate. However, they lost that legal battle battle.

Estate Fights Back, But Judge Hits Them Too

But then Comerica actually shot back at the siblings, seeking sanctions against them to the tune of $148,500 in legal fees! That’s when the judge let it rip against the estate overseers. In a nutshell, the judge let the overseers know that they are being hella greedy, by trying to get WAY too much money from the three siblings, by amping up the cost of their legal fees. Therefore, he hit them with a MAJOR warning instead:

Via The Blast: In a ruling handed down on March 28, judge Kevin W. Eide said that while he considered imposing the sanctions, he ultimately decided against it. But he still had some choice words for the estate.

“Petitioners [the heirs] also argue that the attorney fees incurred by the Estate are excessive and the Court must agree,” Eide wrote. Eide found the $148,500 bill to be a bit much, saying, ” … nine attorneys and one paralegal were used to respond to the Petition. Eighteen documents were filed by the Estate consisting of 187 pages, excluding exhibits. In other words, the Estate was charged approximately $8,250 per document and $825 per page.”

He went on to say, “Rather than impose a sanction to achieve compliance with the Court’s intended direction, the Court will instead impose an admonition … this Estate is not an unlimited resource! All parties must act with prudence and with restraint.”

The judge’s ruling kinda coincides with what Prince’s siblings have been saying all along- that Prince’s estate overseers are reportedly doing some shady things when it comes to his estate.

Recap Of What Siblings Accuse Estate Overseers Of Doing

As we previously reported, in February 2018, news surfaced that Prince’s siblings were (and still are) extremely worried that they won’t be getting one red cent of their inheritance from Prince. So they laid out all of their claims against Comerica out in their initial court filing…

Via TMZ: Sources close to Prince’s heirs tell TMZ … they’re dumbfounded at how much money it costs to manage the late singer’s estate. We’re told at the current burn rate, heirs feel there’s gonna be close to nothing when it’s time to distribute the inheritance.

According to docs — obtained by TMZ — Comerica’s monthly fee to manage the estate is $125k per month. Comerica also hired the law firm Fredrikson & Byron P.A. to rep the estate in court (i.e. Prince’s label suing Roc Nation), supervise and coordinate with accountants and advise on tax-related issues. Last November alone, the law firm billed more than $440k in fees and expenses. The spending keeps going … F&B then hired other attorneys to deal with trademarks, oversea litigation and services on deal proposals, among other things.

It was also reported that Comerica responded to the court filing with a 600 page document to the family, explaining where each penny is going. While the effort is great, 600 pages though?!! Ain’t nobody got time for that!

Although the Purple One’s siblings lost big in court, hopefully, they’ll get their money ASAP, before Comerica sends them another 600 page document, explaining why there is no money left to be shared.