Judge Says There Will Be No Rush To Divide Prince's $300 Million Estate

While there is no way to make up for the loss of a loved one, some people find solace in economic compensation. And it seems like this is what Prince's relatives are looking for.

Only two months after the death of the music icon, a legal battle over his inheritance has unleashed. A second hearing aimed at determining who qualifies as an heir to the legend’s estate and who doesn’t was held on Monday.

According to news reports, the Minnesota judge that oversaw Monday's proceedings said he doesn't intend to rush his decision over Prince’s estate.

"This case is perhaps unique in the state of Minnesota… In many way, we are in uncharted water here," District Court Judge Kevin Eide said, talking about the lack of a will.

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The question of how Prince's estimated fortune of $300 million will be divided lingers. For the time being, the fortune rests in a trust controlled by privately held, Minnesota-based Bremer Bank. However, the actual value of Prince's estate isn't easy to determine. For instance, Jim Irsay, owner of the NFL's Indianapolis Colts, bought the artist's famed "Yellow Cloud" guitar in an auction held Saturday, for $137,500; Was this included in the $300 million estate?

Among the people asking for a chunk of Prince's fortune are a sister and five half-siblings, along with several others claiming ties to the artist.

But the battle will not only determine who gets Prince's money and items, but also who controls his image and music rights, among others things.