5 Things Prince’s Family, And You, Should Know About Estate Planning

Millions mourned the loss of Prince, but those of us in the financial field were astounded when Prince’s sister filed documents indicating that he never executed a will. Prince had a reputation in the legal world of being very hands on in his legal affairs. He went through numerous lawyers handling his affairs. Because of the hands-on nature of Prince’s previous business affairs, it is quite the surprise that he died without having executed a will. Dying without a will can have severe consequences. It might mean a family battle will ensue as siblings and half-siblings try to allocate the legends substantial wealth.

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