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re: Aretha Franklin died with no will and no trust
Posted on 8/22/18 at 11:56 am to GetCocky11
Posted on 8/22/18 at 11:56 am to GetCocky11
I bet the niece will also want a 10% of assets FEE paid to herself to administer.
She be getting hers too!
She be getting hers too!
0
Posted on 8/22/18 at 12:05 pm to GetCocky11
How much are we talking about?
What's her estate worth right now?
What's her estate worth right now?
Posted on 8/22/18 at 12:06 pm to East Coast Band
quote:
How much are we talking about?
What's her estate worth right now?
Her net worth is estimated at $80MM.
Posted on 8/22/18 at 12:12 pm to MorbidTheClown
So 3 pages and nobody said her kids get no respect?
Posted on 8/22/18 at 12:20 pm to Jim Rockford
quote:
He urged her over many years to make a will. You cant force a client to do something they dont want to do.
Of course he said he did. I don't believe that. What kind of lawyer would only "urge" her. Whoever her most trusted legal source was, cost her at least $20 million most likely. That's my only point.
A couple of signatures and 2 hours of her time saves her $10s of millions.
If he couldn't get her to find the time for that, he was a very crappy consultant.
Posted on 8/22/18 at 12:24 pm to GetCocky11
P-R-O-B-A-T-E, find out what it means to me
Posted on 8/22/18 at 12:48 pm to Y.A. Tittle
quote:
I'd guess future royalties are her most valuable asset.
It was Aretha Franklin’s first No. 1 hit, the cry of empowerment that has defined her for generations: “Respect.”
But for the roughly seven million times the song has been played on American radio stations, she was paid nothing.
American radio stations pay only the writers and publishers of a song, not the artists who perform them. “Respect” was written by Otis Redding
LINK
Posted on 8/22/18 at 12:49 pm to baldona
Some people are just unwilling to do it. It's not about finding the time. You can draw the thing up for them, but unless they sign it, it's no bueno.
Posted on 8/22/18 at 12:54 pm to MorbidTheClown
quote:
Her net worth is estimated at $80MM.
Those people in Detroit aren't just "celebrating her life". They're celebrating the that estate tax that will trickle back into their community though the US Treasurv via social programs.
Posted on 8/22/18 at 5:09 pm to weadjust
Luckily she had more hits.
Imagine she might also have some percentage of royalties in her various contracts.
Imagine she might also have some percentage of royalties in her various contracts.
Posted on 8/22/18 at 6:23 pm to GetCocky11
Some people see making plans that are death related as bad juju. People in my family are notorious for this shite. 
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