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The Queen Of Soul Aretha Franklin Died ‘Intestate’

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Legendary American singer Aretha Franklin tragically died without leaving a Will, according to reports.

The late singer died this month, aged 76, after suffering from pancreatic cancer. It was revealed in court papers obtained by celebrity news website TMZ that Aretha died ‘intestate’ which means she did not have a Will.

The 18-time Grammy Award winner had been suffering from ill health for a number of years and had surgery for an undisclosed tumour back in 2010 – cancelling a series of concerts in 2017 for health reasons.

Reportedly, the renowned Queen of Soul’s four sons, Clarence, Edward, Ted and Kecalf will have equal shares in her estate, according to Michigan Law.

Aretha Franklin’s estate is estimated to be worth around $80m (£62m), according to celebritynetworth.com. As she left no Will or trust to family members, her finances will become public in Oakland County Probate Court, Detroit Free Press claimed.

Aretha’s niece, Sabrina Owens, supposedly asked the court to appoint her as personal representative of the estate.

Clearly, preparing a Will was not top of Franklin’s agenda but UK Will Writing Experts and Solicitors continue to warn about the importance of having a Will in place to protect loves ones. In this case, it seemingly appears there will not be a family dispute. However, according to Kings Court Trust 2018 UK findings they have seen a number of family disputes increase year on year. The report shows one in twenty adults have a dispute about a Will.

While Writing a will is especially important if you have children or another family who depend on you financially, Kings Court Trust report revealed specific life events, namely having children do not seem to encourage people to write a Will – with only 26% of adults who have children aged four years and under reporting that they have a Will.

Redwood is one of the South’s leading Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to Grow, Protect and Enjoy their wealth. With our unrivalled knowledge of Family Wealth and Estate Planning, we can advise on any situation. Join us at one of our Free Public Information Seminars on Wills, Trusts & Estate Planning: Book online Book Me A Place!, Call us on 01489 877 547 or Email info@redwoodfinancial.co.uk to book a FREE Initial Meeting with us to review your financial planning needs.

Original blog source: Todays Wills & Probate.Co.UK

 

Jasmine Lambert Chartered Financial Planner
Jasmine Lambert
Jasmine is the Managing Director and Senior Financial Planner at Redwood Financial. She helps clients manage and grow their wealth and protect their estate. Jasmine also provides expert advice in our FREE Redwood Webinars, where you can learn more about Wills, Trusts and Estate Planning.
Redwood Financial is one of the south’s leading Investments, Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation.
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