- Prince Rogers Nelson (better known as Prince) – Entertainer
- Abraham Lincoln – 16th President of the United States
- Martin Luther King, Jr., – Civil rights leader and activist
- Howard Hughes – Entrepreneur and billionaire
- Steve McNair – former NFL quarterback and pro bowler
- Bob Marley – Singer/songwriter
- Salvatore Phillip “Sonny” Bono – Entertainer turned U.S. Congressman
- Jimi Hendrix – Entertainer
Do you know what the common thread is in the list (other than being famous)? They all died without a Will in place or without a valid Will. Why did they put it off? Were they too busy? Was the thought depressing for them? Regardless of the reason, each of their estates is an intestate estate. Under intestacy laws, the distribution of their assets are pre-determined according to the degree of relationship.
When you die without a Will in place, not only do the State laws determine who will inherit your estate, the Court will determine who will control your assets after your death. Typically, the heirs select an Administrator; however, in some instances, a County Administrator is appointed because the heirs cannot agree on an Administrator. This can create undue grief and financial issues for your loved ones.
If you have put off writing a Will for one of the reasons above or for some other reason, consider taking the time to write a Will that names beneficiaries and an Executor. Your loved ones will thank you. We work with clients to understand their wishes and prepare Wills and Trusts in accordance with their wishes. If you need to write a Will, contact Grissom Law at 678-781-9230.
Disclaimer This Blog/Web Site is made available for educational purposes only. In addition, it is available to give you general information and a general understanding of the law, not to provide legal advice. By using this blog site you understand that there is no attorney client relationship between you and Grissom Law, LLC.