I can’t get no respect, no respect I say…. Oh wait, I have my celebrities and their lines on respect wrong but we have yet ANOTHER celeb dying without a proper estate plan in place. Here’s a good article on CNBC about Aretha’s lack of planning.
With an $80m estimated net worth the costs of probate, if she had lived in California, would be somewhere OVER $100,000!
Failing to plan is a great way to end up in probate court after death and enrich a lawyer and enrich a court system. Avoid it by showing some self respect and get your estate plan in place!