According to a 2016 Gallup Poll taken after superstar Prince died, only 44% of Americans reported having a will. News outlets widely reported on the probate proceedings for his estate. One of the most important takeaways from Prince’s shocking death was what happens when you die without measures in place to determine how your estate is to be distributed.
Now, most of us will not have the complexities and volume of assets that come with an estate of Prince’s size. However, a probate proceeding is a probate proceeding- whether you are probating one house and a bank account or 12 properties, royalties and other assets. When a loved one is already dealing with grief, adding the stress of probate court proceedings can be devastating. This is why you need to have your estate plan done- TODAY! We always say, whether you have $1 or $1 million, you need to protect that money and decide how you want it to be distributed. Estate planning is NOT just for the wealthy. The probate process can actually be more of a strain from a practical standpoint on those dealing with smaller estates.
We are in the thick of holiday season. Give yourself the present of peace of mind as we close out this year. Protect your assets and your loved ones. Contact C&G today!!
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