We are often approached by clients who need help with administering estates for family members who died without a will. Administering an estate, even when a person dies after executing a will, is a complicated and drawn out process. Not surprisingly, this process can become even more complicated when a person dies without a will.
According to AARP, only 4 in 10 Americans have a will. Most millennials, do not have one, though the proportion of people with a will does increase as people age. It may surprise some to learn that even some extraordinarily wealthy and famous people never get around to finalizing and executing a will and die without one (this is called dying “intestate”). For example, the entertainer, Prince, who died in 2016, left no will. Neither did Abraham Lincoln, Martin Luther King, Jr., Pablo Picasso, and Howard Hughes.
(Click "Read More" to continue reading).
According to AARP, only 4 in 10 Americans have a will. Most millennials, do not have one, though the proportion of people with a will does increase as people age. It may surprise some to learn that even some extraordinarily wealthy and famous people never get around to finalizing and executing a will and die without one (this is called dying “intestate”). For example, the entertainer, Prince, who died in 2016, left no will. Neither did Abraham Lincoln, Martin Luther King, Jr., Pablo Picasso, and Howard Hughes.
(Click "Read More" to continue reading).
RSS Feed