Prince Died Intestate
Posted on May 03, 2016
Whether you have $3,000 or $300 million, you need a will. Prince is no different than the rest of us.
Did you know that 70% of Americans do not have a will? Unfortunately, Prince was a part of this staggering statistic. He died intestate, which means he died without a will. His estate is reportedly worth over $300 million and yet he had no estate planning in place. Because of this, it is the court that will choose who his estate goes to. His half siblings could receive part of the estate, even if he had no relationship with them.
Sometimes family members come out of the woodwork when you die, not to mention the IRS gets a large percentage of your money without an estate plan.
Don’t be part of this statistic. Make sure your assets go to who you wish and your loved ones are protected by having your estate plan in place.