What Are The Lessons Of Prince’s Missing Will?

Prince, the superstar musician and artist who passed away unexpectedly last month, left along with his musical legacy a financial planning lesson: create an estate plan and make sure someone knows where it is. As multiple media outlets are reporting, there is an ongoing search for a will or trust that would communicate Prince’s wishes for the distribution of his assets. The process could take months or even years to untangle, and cost the ultimate beneficiaries tens of thousands of dollars in unnecessary legal fees. How could someone like Prince, worth a reported $300 million, not have...

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Elder guardianship case in Pennsylvania demonstrates flaws in system

Renowned investigative reporter Diane Diamond recently profiled the case of a 94-year-old Pennsylvania woman allegedly in full mental health, yet declared incapacitated by a judge, and now feeling trapped like a prisoner under the control of an assigned guardian. Elder/Guardianship abuse stories like this are so sad, and are unfortunately far too common. In Texas there is a simple form you can complete called the Declaration of Guardian in the Event of Later Incapacity. It allows you to instruct a judge in a future proceeding who you want to serve as your guardian should you be declared...

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