Posts tagged "wills"

Prince's Death Reminds Us that Privacy is Priceless in Estate Planning

The death of music icon Prince on April 21, 2016, presents an example for estates of all sizes of the privacy an estate plan can provide. Last week, Prince's sister, Tyka Nelson, filed a petition with the Carver County, Minnesota probate court stating Prince did not have estate planning documents to direct the management and disposition of his estate. As a result, the administration of his estate will be a matter of public record, easily accessed by the media. Reporters will be able to find a list of all of Prince's assets, the values of such, the names of beneficiaries inheriting, as well as exactly how much and which assets they will receive. This is an unfortunate posthumous development, considering just how private the artist appeared to be in life.

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