It’s always amazing to think about how many wealthy people ignore their basic responsibilities to loved ones and fail to do any probate planning. The most recent example of this is the chaos and acrimony that surrounds the death and the complicated probate of the Prince Estate.
As a probate attorney, I marvel at how a multi-million dollar commercial enterprise that is Prince, with teams of lawyers and advisors was allowed to go as far as he has with no probate planning, no attempt to make his wishes clear. This is both devastating and confusing to family members and a nightmare for all the professionals that are left behind.
But it’s not just Prince. Everyday, my office deals with regular folks who create chaos and heartache for family members because they don’t take a few minutes to make their wishes clear for loved ones.
Don’t be Prince.
Do the right thing…meet with a probate attorney…your loved ones will thank you.