JOURNAL ARTICLE
Aretha Franklin's family fought over her estate for 5 years. Use these tips to make your family r-e-s-p-e-c-ts your wishes.
Published In: Fortune.com, 2023. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Hicks, Coryanne 3 of 3
Abstract
The article discusses the importance of proper estate planning, highlighted by a Michigan jury's ruling that a will found in Aretha Franklin's couch is valid, potentially concluding a lengthy legal battle over her estate. It emphasizes that without a comprehensive estate plan, families may face significant challenges and expenses, as evidenced by Franklin's case. The article outlines five essential estate planning tools: a will or trust, a living will, medical and financial powers of attorney, and guardianship orders, along with practical tips for organizing assets and naming beneficiaries. It encourages open conversations about estate planning to ensure that one's wishes are respected and to prevent future disputes among loved ones. [Extracted from the article]
Additional Information
- Source:Fortune.com. 2023/08, pN.PAG
- Document Type:Article
- Subject Area:Biography
- Publication Date:2023
- Accession Number:171310805
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