Aretha Franklin Died Without a Will (Intestate) & What That Means
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 3 September 2018
⏱️ 10 minutes
🧾️ Download transcript
Summary
Learn the consequences of Aretha Franklin (or anyone) not having a will and what it means for you if you don't have a will.
Even though Aretha Franklin had reportedly about $80 million in assets, she did not have a will and died intestate.
Her lawyer tried to get her to make a will, but she wasn't interested.
What will happen now and why do YOU need a will?
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Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 452. If y'all know what I mean put your hands up and declare with me |
| 0:13.4 | Yeah, I'm full of bed, e'e, time I'm gonna live the good life |
| 0:20.8 | A beautiful and glorious life Good Life. |
| 0:25.0 | Step into a world of wealth and financial freedom without budgets, boredom or bosses, on be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P Jones, America's Wealth Mentor. Empowering |
| 0:42.0 | women and men worldwide to financial freedom. |
| 0:45.0 | On today's show, we're going to talk about the great Aretha Franklin and unfortunately |
| 0:51.0 | what it means that she died without having a will. Not having a will is called |
| 0:56.6 | dying intestate and unfortunately this fabulously successful woman worth |
| 1:02.6 | worth reportedly around $80 million dollars died without a will. |
| 1:08.0 | Yikes. So I was really shocked to see that on the one hand just because you expect that people with |
| 1:15.9 | that much money would take care of their affairs and you know see that everything was all |
| 1:21.3 | buttoned up and have lots of advisors etc. |
| 1:25.0 | Apparently she does have lots of advisors and her attorney tried to get her to sign a |
| 1:30.4 | will but she didn't want to. So it's going to be a long battle. This will not go |
| 1:39.2 | quickly because there's going to be probably a lot of things that have to be decided that are uncertain |
| 1:46.3 | and there may be additional people that come in that want to make claims against her property. |
| 1:52.0 | All kinds of craziness happens in general with celebrities |
| 1:56.3 | and with people with a lot of wealth, but even more so when things are less clear. |
| 2:02.4 | And not having a well means things are less clear. And not having a will means things are definitely not clear. |
| 2:06.0 | She has four sons and one of them is a special needs son who has a guardian. |
| 2:13.6 | And so he has special needs that he needs to be taken care of |
... |
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