Prince Died Intestate, Why You Need A Will

image

Prince, the recently passed artist, has apparently left no instructions as to the distribution of his estate. His music and properties, valued in the hundreds of millions will no be subject to probate, that is that a court will decide upon where they go. A sister, Tyka Nelson, has filed papers with the court asking for the appointment of a mediator to determine the outcome.
For many years, initially on the ferry runs to the San Juan Islands in Washington state, but now on several of the ferry routes, jigsaw puzzles have been left, uncompleted, for subsequent travellers to finish. Generally they are put together, than disassembled and left for others to begin again. It’s a quaint local tradition that usually brings a bit of happiness to what can be a mundane bit of commuting. But now and then a rider with a mischievous turn will claim a piece of the puzzle as their own, pocket it and leave the puzzle unable to finish.
The haggling over the puzzle left behind by Prince, legally Prince Rogers Nelson, will now begin and each person with an interest in its outcome will struggle to complete the process. Some will strive for an equitable resolution that makes sense to all, but there may be one in the mix that pockets a piece and leaves the legacy less enjoyable for the rest. For an example consider the disposition of Martin Luther King Jr. The power of his words and thoughts are not freely usable by the public due to the greed of his heirs. Let’s hope Prince’s music isn’t treated the same way.
Now would be a good time to consider our own mortality as well and the puzzles we may leave behind. The writing of a will isn’t tough, just claim to be of sound mind, ask for your debts to be settled and declare what assets should go to whom. It’s not iron-clad, once you are dead the enforcement of your wishes is no longer in your purview. See a attorney for a will or trust if your estate is complex or problematic but bear in mind this axim, which Prince’s heirs should consider as well, “There is a short moment in time when two people exchange something when it belongs to neither one. In that moment a lawyer manages to grab most of it.”

DavidW - Publisher

Raised in obscurity and completely entranced with the notion that we should live our lives with the same valuable ethic that a conscientious hiker would, leaving no trace.

Leave a Reply