Millions mourned the loss of Prince, but those of us in the financial field were astounded when Prince’s sister filed documents indicating that he never executed a will. Prince had a reputation in the legal world of being very hands on in his legal affairs. He went through numerous lawyers handling his affairs. Because of the hands-on nature of Prince’s previous business affairs, it is quite the surprise that he died without having executed a will. Dying without a will can have severe consequences. It might mean a family battle will ensue as siblings and half-siblings try to allocate the legends substantial wealth.
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