Prince is Not a Probate Role-Model.
January 16, 2017 • By Inna Materese
The world was shocked when Prince passed away in 2016 from what appears to be an accidental overdose. Even more shocking? The internationally-renowned (and very wealthy) artist died without a Will or other estate planning documents. The result? A legal battle is raging amongst his relatives over an estate worth between $100 to $300 million.
While it seems unimaginable that an individual with such financial and professional resources would not have taken the steps to put an estate plan to paper, many of us overlook the need to do so every day. Maybe it’s time to make 2017 the year you get your affairs in order?