The recent passing of Prince and the revelation that he did not have a will brings attention to why it is extremely important for people to have a will. In this audio segment Jill Schlesinger discusses the process of creating a will and why it is a very important estate planning step that people need to follow. People should not let their fear of dealing with the estate planning process stop them from taking measures that are necessary for avoiding future hardships. There will be a bitter fight over the Prince estate and the situation is even more difficult because he did not have a will. Creating a will is an important way to minimize expensive probate battles. People need to start having those important conversations about drafting a will.
See Lizzie O’Leary, The Conversation: Do you have a will?, Market Place, May 6, 2016.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.
