What was the final agreed valuation of Prince’s estate?
Correct!
Wrong!
Settled at 156.4 million dollars in 2022.
What value did the estate’s administrator originally put on it?
Correct!
Wrong!
Comerica Bank & Trust valued it at 82.3 million.
What figure did the IRS assess?
Correct!
Wrong!
Roughly double the administrator’s figure.
What penalty did the IRS initially add?
Correct!
Wrong!
An accuracy-related penalty, later dropped.
Which company bought out three heirs’ interests?
Correct!
Wrong!
Primary Wave acquired roughly half the estate’s assets.
How long did the estate battle take to resolve?
Correct!
Wrong!
A judge approved the closing agreement in August 2022.
In which month and year was the IRS settlement reached?
Correct!
Wrong!
January 2022, with court approval that August.
Which asset was hardest to value?
Correct!
Wrong!
The vault is the reason the two valuations diverged so far.
Who decides distribution when someone dies intestate?
Correct!
Wrong!
That is the essential consequence of having no will.
What was the gap between the two professional valuations?
Correct!
Wrong!
82.3 million against 163.2 million.
Prince Quiz: Medium Challenge
Casual Fan
The basics are there; the detail is where it got you.
Well Informed
A strong round on a harder set.
Expert
That was not an easy ten.
Share your Results: