Definition: In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Input: So this is how it’s going to be. 
  
 The Carver County judge overseeing the probate of Prince’s vast estate got a taste Tuesday of the complexity and pressures involved in a fortune built mainly on intangible intellectual property valued somewhere between $100 million and $300 million, with nine people — including one in prison — who’ve filed formal claims to be heirs so far and some 20 attorneys lined up to represent them. 
  
 The queue doesn’t even count two recent claims, a prisoner in South Carolina and a Wisconsin woman, neither of whom have attorneys, or untold others who haven’t yet filed any paperwork. 
  
 Judge Kevin Eide convened an “urgent” hearing Tuesday at the request of Bremer Trust, the special administrator he appointed April 27 to marshal and protect Prince’s assets for his heirs. 
  
 Douglas Peterson, an attorney for Bremer, said that in order to maximize the estate’s value, a number of contracts need to be negotiated as soon as possible. Millions of dollars hang on decisions about how Prince’s music catalog and other intellectual property are marketed, and on possible investments in his Paisley Park studio in Chanhassen, he said. 
  
 Looming behind these decisions: a tax bite of as much as half the estate’s value. 
  
 Peterson said state and federal revenue agents will expect $47 million to $146 million by Jan. 21 of next year, depending on the estate’s ultimate value. 
  
 “The government is not going to wait,” he warned. If the estate cannot come up with the money, it runs the risk of being forced into a “fire sale” to pay taxes at the expense of Prince’s legacy, Peterson said. 
  
 Bremer wants authority to hire “high-test individuals with significant music industry experience,” he said, adding that it’s unreasonable to require approval from a battery of potential heirs and their lawyers for complex estate decisions. 
  
 Peterson said Bremer also needs to negotiate terms with a group of individuals who have expressed interest and could produce what he called “a significant investment in Paisley Park.” They will want a long-term commitment, he said. And an official celebration of Prince’s life is in the works at Paisley Park for sometime this summer. 
  
 Finally, Bremer needs to negotiate a larger class of commitments and contracts that have to do with Prince’s intellectual property. Peterson said time is of the essence. 
  
 “There is ongoing bootlegging going on,” he said, adding that the music world needs to know that Bremer Trust is monitoring that. 
  
 “We cannot make business decisions by having what is now 20 lawyers and nine parties sitting at the table,” Peterson said. 
  
 Carlin Q. Williams, 39, a Kansas City musician serving time in a Colorado prison on a gun charge who claims to be Prince’s son, objected to Bremer’s requests. 
  
 His attorney, Patrick Cousins, said Williams has been approved to undergo genetic testing that can verify his claim to be Prince’s son. Williams says he is the result of an affair that his mother had with Prince. If so, he could be sole heir to the estate. 
  
 That’s because no will has been found. In that case, under Minnesota law, any children would inherit the estate. If Prince had no living children, it will go to his siblings. 
  
 “There is going to be an heir to the estate,” Cousins told Eide. “It’s going to happen, and it’s going to happen soon. Why not just wait?” 
  
 Kenneth Abdo, an entertainment law attorney representing three of Prince’s half-siblings, agreed that Bremer needs to hire industry experts to deal with Prince’s music catalog and his studio. But he asked Eide to require Bremer to consult with potential heirs and their attorneys. He said he was concerned that Bremer not lock the heirs into long-term contracts, and, with respect to Paisley Park, permanent ones. 
  
 Abdo said his clients don’t want to get in the way, but they want to be consulted about major decisions and have time to offer suggestions. 
  
 Eide gave the lawyers until noon Wednesday to suggest language for a compromise and said he will decide by 9 a.m. Thursday whether Bremer should have the broad contracting authority it’s seeking to hire industry specialists. 
  
 Prince was found dead April 21 at his Paisley Park complex from an accidental overdose of a powerful opioid known as fentanyl. ||||| And as lawyers for the company overseeing the estate pointed out Tuesday, all of it must be sorted out by Jan. 21, when the bill comes due to the IRS and state tax authorities. 
  
 Douglas Peterson, an attorney for Bremer Trust, the wealth management firm appointed to manage Prince's estate, told Carver County District Judge Kevin W. Eide that Uncle Sam and the state would be due taxes equivalent to half of the cash value of the estate, which has been estimated by various experts at as much as $300 million. 
  
 But if Prince died without that much cash on hand, many of his non-cash assets will have to be sold off to pay the bill, Peterson said. 
  
 Related: Minnesota Judge Puts Settlement of Prince's Estate on a Fast Track 
  
 That could include the 2,000 unreleased songs still in Prince's vault, worldwide rights to his music and image, his cherished guitars and other rare memorabilia, digital streaming revenue and possibly even his Paisley Park home and studio. 
  
 And the sooner the better, Peterson said. 
  
 Prince at last concert in Atlanta. Amiee Stubbs 
  
 "The challenge we face is to spin yarn into gold under time pressure," he told Eide. "The point is this is a dynamic, wide-ranging business, and we must keep on schedule to make the deadline. If we do not, the government will not wait. They will have a fire sale, and that is not in the best interests of anyone." 
  
 But Patrick Cousins, a lawyer representing Carlin Williams, who's claimed from his Colorado prison cell that he's Prince's secret son, urged Eide to order Bremer Trust to "hold down and stand down" on any arrangements until the question of Prince's heir or heirs is settled. 
  
 That could be as early as June 27, when a full probate hearing is scheduled. In the meantime, Cousins said, "taxes should not drive these business decisions." 
  
 Matthew Shea, a lawyer representing Prince's sister, Tyka Nelson, agreed with Bremer Trust, however, telling Eide the company has a fiduciary responsibility to go ahead and make critical decisions in the best interests of the estate. 
  
 Meanwhile, a lawyer for Prince's half-siblings — Norrine, Sharon and John — split the difference, asking Eide to give all of the would-be heirs five days to review any contracts Bremer Trust wants to sign. 
  
 Related: Prince's Family Heads to Court to Settle Late Pop Star's Estate 
  
 Eide told the lawyers to submit their arguments by noon Wednesday and said he'd issue an order Thursday morning. 
  
 In addition to Tyka Nelson, Williams and the half-siblings, there are assorted nieces and nephews and a man named Norman Yates Carthens of Barnwell, South Carolina — who also claims to be Prince's previously unknown son — who've staked claims to the money. 
  
 Eide ruled Monday that anyone else who wants to throw a hat in the ring must do so by Friday. |||||
Output:
Rumors of Prince's money troubles continue: Lawyers involved in the probate battle over the musician's estate say taxes due to the state and the IRS could slash the worth of his estate in half, NBC News reports. Experts have estimated the cash value of Prince's estate at $300 million, but if he died without that much money on hand, things will have to get sold in order to pay the taxes that are due by Jan. 21. The Minneapolis Star Tribune notes that the case underscores "the complexity and pressures involved in a fortune built mainly on intangible intellectual property." What could end up getting sold off? Any unreleased songs in Prince's vault, rights to his music and his image, digital streaming revenue, and possibly his home, guitars, and other tangible items. The lawyers for the company overseeing Prince's estate urged a judge Tuesday to make quick decisions in the fight over who is the rightful heir (nine people, including several relatives and this guy, have filed formal claims), because if the tax deadline is missed, the government "will have a fire sale, and that is not in the best interests of anyone." Prince apparently died without a will.