Setting Up an Estate Plan – 10 Reasons to Do It Now
Famed pop musician Prince passed away suddenly in April 2016, felled by the opioid epidemic ravaging America. As fans across the world mourned, reports emerged that the “Purple One” had died intestate — without a will outlining his final wishes, nor a trust set up for the benefit of his heirs. Prince’s situation was further complicated by his lack of direct heirs. He had no living children, who’d normally stand to inherit his vast wealth. After months of contentious legal battles, Prince’s several surviving half-siblings walked away with the lion’s share of his fortune, shrunk considerably by legal fees. The whole mess could have been avoided with a comprehensive estate plan. To be fair, most of Prince’s A-list compatriots do … Read more