Posts made in February, 2020

Aretha Franklin’s fortune and the note in the couch.

Posted in Estate Planning, Probate

When Aretha Franklin died late in the summer of 2018, many in the estate planning community were disappointed and surprised to learn that she did not have any estate plan in place. Forget the trusts, partnerships, and other entities that sometimes provide better planning and protection to the wealthy – she didn’t even have a last will and testament. With an estate estimated to be $17 million, Franklin appeared to have never done any planning to protect and distribute her assets at death. Once the initial disbelief wore off, people were comforted to know that Michigan statutes...

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