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What can you learn about Estate Planning from Prince's Death?

Prince died without a will and very little if any estate planning. When a person dies without a will, your assets pass under intestate succession laws of the state, which tends to be more complicated and expensive for the estate and beneficiaries. If you die without a well thought out estate plan, your estate could end up like Prince with several people fighting over your estate. For more information, see Winnie Sun, 5 Things Prince's Family, and You, Should Know About Estate Planning, Forbes, May 18, 2016. 

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