S&E
  • Home
  • Practices
    • Real Estate Law
    • Wills & Estates
    • Litigation
    • Business Law
    • REO Closings
    • Bankruptcy
    • Creditors Rights'
    • Compliance
    • Additional Practices
  • About
    • Our Value
    • Affiliations
    • CAREERS
    • BioBuilder
  • Attorneys
  • The Blog
  • Contact
  • Home
  • Practices
    • Real Estate Law
    • Wills & Estates
    • Litigation
    • Business Law
    • REO Closings
    • Bankruptcy
    • Creditors Rights'
    • Compliance
    • Additional Practices
  • About
    • Our Value
    • Affiliations
    • CAREERS
    • BioBuilder
  • Attorneys
  • The Blog
  • Contact
Search
Picture
The Stern & Eisenberg Blog looks at what's under the surface of emerging legal trends in regulations, compliance, case law, technology, and other areas worth a deep-dive with our expert attorneys. ​

Fun (Or Not So Fun) Facts About Estate Planning

4/24/2017

 
Part 2: Why Do You Need A Last Will?

Why you should have a Will. We wrote recently about why one should not write their
own will. Of course, that begets the question, why does one need a will in the first
place? Let me illustrate. I recently was told by a married couple, with 2 children, that
they didn’t think they needed a will. They thought when one of them died all of their
property would go to the surviving spouse. After they were both deceased, they
continued, then everything would go to their kids. This seems like a logical position,
right? Wrong! I had to break the bad news to them. Without a will, the surviving spouse
might inherit only part of the deceased spouse’s estate. Part of the remaining estate
would go to their children, even though the surviving spouse was … still alive. Anyhow,
crisis averted. They promptly had me prepare new wills. On a larger scale, the musical
artist (formerly known as) Prince died last year, with an estate estimated in the $300
million dollar range. Published reports indicate that he died without a will. Chaos ensued
(and continues to this day). Numerous relatives or persons claiming to be relatives filed
papers with a Minnesota probate court claiming to be rightful heirs. He also appointed
no-one to handle his affairs upon his death, requiring a count appointed administrator
for his estate. It could take years for the court to determine who the legitimate heirs to
his estate are. Without a will, history and experience have shown that disputes often
result among potential heirs, and in many cases require expensive litigation to resolve.
​
Give you and your heirs peace of mind, put a proper estate plan in place today.

Comments are closed.

    Authors

    S&E Attorneys &
    Staff Members

    Archives

    July 2019
    May 2019
    April 2019
    March 2019
    October 2018
    August 2018
    July 2018
    May 2018
    April 2018
    February 2018
    November 2017
    April 2017
    January 2017
    September 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016

    Categories

    All
    Alabama
    Bankruptcy
    Class Action
    DC
    Delaware
    New Jersey
    North Carolina
    South Carolina
    Tennessee
    Washington
    Webinar

    RSS Feed

Picture
Home | About | Leadership | Value |  Practices | Careers 
​ Affiliations | Attorneys | Locations | Blog |  Contact 
Vertical Divider
Stern & Eisenberg is a leading, regional, full-service law firm. For over forty years, Stern & Eisenberg has built a collaborative, diverse, high-performing team environment which promotes data-driven decision-making, creates innovative opportunities, and allows for performance, operational, and technological seamlessness across its multi-state footprint. Click here to contact the S&E Value Department. 

COPYRIGHT 2018 STERN & EISENBERG | WEBSITE DESIGN BY SQFT.MANAGEMENT
  • Home
  • Practices
    • Real Estate Law
    • Wills & Estates
    • Litigation
    • Business Law
    • REO Closings
    • Bankruptcy
    • Creditors Rights'
    • Compliance
    • Additional Practices
  • About
    • Our Value
    • Affiliations
    • CAREERS
    • BioBuilder
  • Attorneys
  • The Blog
  • Contact