02/23/2022
When hip-hop artist DMX died in 2021, he left no will in place. As a result his children/heirs are unable to access any part of his estate until an administrator is appointed by the Surrogate's Court, a lengthy and expensive process.
Music superstar Prince also died intestate, that is without a will. Although his death occurred in 2016, his estate worth more than $150M was just settled in January 2022, a vivid illustration of just how lengthy the probate process is. It is safe to say that the attorneys' fees paid by his estate were substantial to say the least.
Could your loved ones survive financially if you passed away without a will/trust and they were unable to access your money/assets for months/years? Maybe...however that should be one test you want your loved ones to skip.
Visit kellylawpractice.com
and make an appointment for a free consultation to discuss how you can ensure that your loved ones are protected!