Prince Dies With No Will

Pop star Prince died recently, leaving behind an estimated $300 million estate. His financial advisers say they are looking for a will. Prince’s sister, Tyka Nelson, says there was no will. If you die without a valid will (“intestate”) then state law applies. If a family member contests the will, or if siblings can not agree about how to divide a parent’s assets, then a judge may have to intervene to settle matters. That means acrimony, delay and expense. Prince’s estate will continue to receive income for decades after his death.

By | 2018-08-19T19:31:43-08:00 May 16th, 2016|Categories: Will Contests|Tags: |

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