Estate Planning – Do I Really Need a Will?

Let’s start by answering the question “What is a Last Will and Testament?” According to Black’s Law Dictionary a will is “(1) a wish, desire, choice; (2) A document by which a person directs his or her estate to be distributed upon death.1 ” A testament is defined as “A will disposing of personal property.2…

Estate Planning – Prince v. David Bowie

As many of you may have read by now, it is believed Prince died without leaving a Will. His “estate” including his music catalog is believed to be valued at around $150 million. Without having planned, his tax burden alone may exceed $50 million (in Federal estate taxes). Prince comes from a large blended family…