I just read this interesting article on Forbes.com about British musician Amy Winehouse. Ms. Winehouse died in July 2011. Her estate is estimated at about $6.7m (in US Dollars) but after the costs of probate and similar fees it is reduced to approximately $4.66m. Her parents split that money, as next of kin, as they are divorced. Is that what Ms. Winehouse wanted? Maybe she wanted the money to go to someone else? Maybe she didn’t want to waste $2m in fees and costs!? The bottom line is you should get your estate in order so you do not fall victim to this problem as Ms. Winehouse did.
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