Don’t Die Without a Will

By September 17, 2018 Estate Planning, Wills

The other night I was out, and I heard people talking about the fact that, the Queen of Soul, Aretha Franklin died without a Will; and they thought that that meant that her money went to the state. It does not.

I think that the problem is that the term for it is really an unusual term. What happens if you die without a Will is that your stuff goes by intestate succession. So each state lays out its own rules for how your stuff would be divided if you died without a Will, and it typically goes to family members like spouses and children and parents.

It’s a little bit different in the different states, but it doesn’t go to the state. Even though it doesn’t, you should still have a Will, because what if you don’t want your spouse, your kids, or your parents or whoever to get your stuff?

You need to take the time to figure out and settle your affairs. You need to figure out what you want to happen and make it happen. Don’t be like the Queen of Soul and countless other celebrities, that didn’t plan; it’s really a shame.

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