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People have made it known they have unreleased master tapes of Marc Bolan and the management company is not allowing them to released them yet. This has been dragging on for several years. Do I want unreleased music released, in quality format? Of course I do. Every single note, every spoken word. It matters to me. I belong to two Marc Bolan closed groups on Facebook; good resources for fan made videos, music, discussions, photos. This issue you have raised is one of our hottest tropics, always.
So for your questions, I believe there is not one answer or an easy solution. Each estate has legal responsibilities and apppoint manager(s) of the artist's music catalog. Whether music is found (master tapes, demo tapes, alternate takes, etc.) and is released is a huge issue but lays squarely within the legal boundaries of each estate/management. If you want to voice your concerns or ask questions, you can contact each management company. Whether you get any answer or not, I have no idea.
Paul McCartney and Ringo Starr have their own plan, I am sure. ;) I love The Beatles. Paul and Ringo can do whatever they want with their music. I'm positive they have given this thought (what happens after they die).
By the way, I saw Yes in concert, 1972 or 1973 in huge, freezing cold at Tampa Stadium. It was an amazingly good show. I saw ELO in concert about 1977, huge indoor arena, Tampa; great show - Roll Over Beethoven finale was fantastic. :)
I forgot about the tragic case of Marc Bohn one wonders how the world of music might of been different if he didn't die.
I love bang a gong but confess it's the only trex track I know
Music is so personal, so I don't expect everybody to share my view completely; of course not. We all have favorite musicians/groups. But I can honestly say that Bolan's music has been a huge positive in my life. As a 15 yr old listening to T.Rex on the radio for the first time, transfixed, and as an adult. Whatever music you listen to that moves you, inspires you, enriches your life - that is such a gift.
I would hope that all unreleased recordings (for artists who have died) would be released, in a timely enough fashion, and in a quality product. But each case is unique, for sure.
As for people adding instrumentation, overdubs, remixing the artist's original work - I personally do not care for that at all. Just not for me.