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May 2016 Archives

2 claims filed in Prince's estate proceedings

As the media continues to question the cause of Prince's death, the names of his heirs are also unknown. Indeed, the music icon did not leave any trace of a will, so courts will have to distribute his assets in accordance with state intestacy laws. Potential heirs appear to be coming forward as well in order to make a claim on the musician's estate. Recently, two women filed motions saying that they are Prince's grandniece and niece in a bid to claim a portion of his massive estate.

Retirement planning around your inheritance is a mistake

It is incredibly tempting for anyone who has wealthy parents to have "great expectations" for his or her future inheritances. In fact, many Kentucky residents have such great expectations that they completely neglect the need to plan for their retirements, and they put their financial security on the line, betting on the hope that they will one day receive a sizable inheritance that will make up for their won lack of retirement savings.

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