I Say A Little Prayer
Business News |Oct 15, 2018|1 min read
A Smith Haughey Rick & Roegge Article
By: Nicholas A. Reister, Attorney
Aretha Franklin died on August 16, 2018, and there is much buzz about the Queen of Soul’s lack of an estate plan. Her estate is rumored to be worth roughly $80 million and possibly more depending on the value of her song catalog. Probate court filings and reports from her inner circle indicate that she died without ever having prepared a will or trust, which is rather shocking. The reality is that Ms. Franklin did have a plan; however, because she didn’t create her own, by default, her ‘plan’ is defined by Michigan law.