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SheilaT

(23,156 posts)
21. Most people don't have wills.
Fri Apr 29, 2016, 01:33 PM
Apr 2016

And almost everyone should have one.

I'm pestering a friend of mine to make one, and she's just having a lot of trouble getting around to it. In her case it would be extremely simple. She owns her home, although there's a mortgage, and the usual personal property without a large amount of value. She has only one son, so there would be no heirs fighting over a distribution of things.

A couple of years ago my brother-in-law died suddenly with no will. It was a second marriage for both him and my sister, so it was even more astonishing to me that they'd not gotten around to drawing up wills in the thirteen years they were married. Since then, that sister has made a will, which is very good.

I updated mine recently, since I now live in a different state from the one the original one was made.

You don't have to have a lot of money, nor a lot of potential heirs to need a will.

For someone like Prince not to have one, not to have had good trust documents in place, is almost criminal.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Ah, money . . .it doesn't change, it merely reveals . . . Journeyman Apr 2016 #1
Thank you. This^ misterhighwasted Apr 2016 #3
Money - makes good people better and bad people worse. n/t CincyDem Apr 2016 #6
They have some important decisions to make as a group jberryhill Apr 2016 #9
"You lovin' gives me such a thrill, but your lovin' don't pay my bills." Eleanors38 Apr 2016 #24
This is what being worth near a billion $$$ & having NO WILL sounds like. misterhighwasted Apr 2016 #2
And the saddest part of it all... trotsky Apr 2016 #7
We don't yet know whether he had a will jberryhill Apr 2016 #8
The Estate of Gil Scott-Heron Democat Apr 2016 #10
I guess the DNA stuff makes that a lot harder now jberryhill Apr 2016 #12
Judge confirms, No Will, appoints Bank to oversee the estate misterhighwasted Apr 2016 #27
All that means... jberryhill Apr 2016 #30
I see. okay then misterhighwasted Apr 2016 #32
Some of these are "half" siblings. hamsterjill Apr 2016 #4
All of them are except Tyka. KamaAina Apr 2016 #17
I didn't find anything in that article presenting evidence that they bjo59 Apr 2016 #5
Money changes people... ReRe Apr 2016 #11
I would be more surprised if they weren't fighting. louis-t Apr 2016 #13
If Prince didn't leave a will, they might as well not fight. Paladin Apr 2016 #14
This is what "fighting for free stuff" actually looks like. PowerToThePeople Apr 2016 #15
100% inheritance tax? Yeah, that is going to fly snooper2 Apr 2016 #26
Why wouldn't that fly? PowerToThePeople Apr 2016 #31
There's plenty of freaking money! Gosh, people are greedy. TexasMommaWithAHat Apr 2016 #16
And what is sad is there is enough for all of them. jwirr Apr 2016 #18
Especially when you consider the full value of his music catalog. cbdo2007 Apr 2016 #22
I also heard there is a lot of unpublished work left. jwirr Apr 2016 #33
It's fairly surprising that someone with that large an estate Blue_In_AK Apr 2016 #19
What took them so long? joeybee12 Apr 2016 #20
Most people don't have wills. SheilaT Apr 2016 #21
We don't have one for money, we just have one for who will take care of our small kids. cbdo2007 Apr 2016 #23
Excellent! SheilaT Apr 2016 #25
That's not all. An alleged son has come forward. Eugene Apr 2016 #28
An unexpected death can bring out the worst in people REP Apr 2016 #29
Latest Discussions»General Discussion»Prince's siblings already...»Reply #21