Posts Tagged 'IRS and inheritance'

According to TMZ.com, Prince died without a Last Will and Testament.  If true, this means that Prince died “intestate.”Oh, U Got the Look  – stop judging.  The majority of Americans age 55 to 64 don’t have wills.  However, the majority of Americans aren’t worth Prince’s estimated $150 million.  Who will inherit Prince’s Raspberry Beret  and everything else?

Unfortunately, choosing not to act and failing to work with a lawyer to create an estate plan is essentially a choice to allow state law to ...