Sheila E. is doing everything she can to make sure no one exploits Prince's music or his money ... but she's NOT warring with his family over her friend's estate.
Sheila has deep concerns that vultures are looking for opportunities to profit off Prince's death -- so she's offered her support to his family and Paisley Park reps ... according to Sheila's rep.
The rep says there's no truth to reports Sheila is fighting with Tyka, Prince's sister, over the estate. She adds, Sheila "has received no compensation nor will accept compensation" ... and she's already turned down multiple offers to get paid for "tribute" concerts.
Additionally, Sheila thinks all memorial shows should be authorized by the estate and all revenues should go to Prince's favorite charities.