Will Prince’s Heirs Finally Get Some of His Estate?
February 14, 2022
The six-year legal battle over pop superstar Prince’s estate has ended, meaning the process of distributing the artist’s wealth could begin next month.
The six-year legal battle over pop superstar Prince’s estate has ended, meaning the process of distributing the artist’s wealth could begin next month.
As a review of terms, a will is a legal document that specifies how a person’s estate should be handled only after that person’s death. A living will has nothing to do with how your “things” like property, money, jewelry, etc. are to be distributed. Unlike a will, it is, in fact, a document that comes into play while you’re still alive.
Non-probate assets are those assets which do not go into an estate when the owner dies.
Deborah Placet had no idea how to access her husband’s cryptocurrency and other digital accounts after his unexpected death at age 52.
With apologies to poet Robert Burns, the best-laid estate plans of women and men sometimes go awry.
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.
Whether you drew up a will recently or years ago, keep in mind it’s generally not something you can set and forget.
Part of being a responsible homeowner is having a proper estate plan in place. After all, considering the home is generally the largest asset most people own, it’s prudent to ensure this asset is passed to the people you wish to leave it to.
Based on a recent survey by the American Pet Products Association, as of 2020, 70% of households in the U.S. have pets—about 90.5 million households.
We are approaching the biggest wealth transfer ever, as Baby Boomers prepare to hand off their life savings to their heirs. However, will their heirs actually get the full amount of the wealth intended for them…or will a large amount be lost to unnecessary taxes?
1601 N. Flamingo Road, Suite 1
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1601 N. Flamingo Road, Suite 1
Pembroke Pines, FL 33028