The Flanigan Law Group, A Professional Corporation
Call Our Irvine Office Today
Click Here To Call Now
Local: 949-450-0041
Toll Free: 800-732-2413

What we can learn about wills after Prince's death

As the world continues to mourn the sudden death of music icon, Prince, speculation builds on the cause of his demise. It is suspected that opiates played a part in it, and search warrants have been executed to discover if improper prescriptions were authorized.

Additionally, it is unknown if Prince passed away intestate (without a will). This led to a petition being filed by one of his siblings declaring that no evidence of a will has been found, which under Minnesota law, allows for his estate to be divided amongst his brothers and sisters.

Prince’s estate is estimated to be worth $300 million. Indeed, an audit has not been conducted, and it is rumored that he has a massive catalog of unreleased music and videos that could supply 100 new albums. 

Whether this is hyperbole or reality remains to be seen, but the story is a prime example of why it is important to have a will. Indeed, many people may be averse to estate planning; thinking they do not have Prince’s (or any celebrity’s) fortune. But having a basic document to detail how you want your belongings distributed is important for two reasons.

First, it will give much needed direction for executors in administering your estate. After all, besides distributing property, an executor needs a way to know where to find particular assets. A will can help in doing so. Also, without a will, your property will be distributed according to California law instead of your own wishes.

If you have questions about what should go into a will, an experienced estate planning attorney can help. 

No Comments

Leave a comment
Comment Information

Learn How We Can
Help You

Send Us An Email

How May We Help?Send Us An Email

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

15615 Alton Parkway
Suite 450
Irvine, CA 92618

Toll Free: 800-732-2413
Fax: 949-271-6346
Map & Directions

Review Us