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The REAL Reason Prince Didn't Have a Will?
As an East Cobb estate planning lawyer, I know the REAL reason why Prince died without a Will or Trust. Is it why you don't have one either?
Following the shocking death of Prince, folks across the country were equally shocked to learn that the musical genius died without a Will or Trust in place to deal with the distribution of his fortune and valuable music catalogue when he passed away.
Dying without a Will in his home state of Minnesota now means that Prince’s wealth will likely be distributed among his six siblings... but only after more than half likely gets distributed to his other newfound family member, Uncle Sam. Yikes!
Obviously, it wasn’t a lack of money stopping Prince from creating an estate plan to protect his assets and wishes if something happened to him. He had plenty of cash and access to high-powered lawyers in his own home state and across the country.
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So what was the problem? Find out here.