Posted on 09/02/2018 4:24:47 PM PDT by NRx
Because she is “independent” of the 4 sons???
Some people just don’t ever want to confront the fact of their own mortality. They may joke about it, but do not want to take actions that would validate that fact. For some, taking pen in hand to authorize the set up a trust or creation of a will is the same as ‘signing their own death warrant.’ I have many people on one side of my family who are just this way.
That was the family culture they grew up with, where certain issues are not casually discussed until absolutely necessary. Once I asked my Dad if he already had a will; his eyes narrowed and his brow creased as he said “Why do YOU want to know THAT?” I could see there was no right answer, only resistance, cynicism and resentment.
So I apologized for upsetting him and changed the topic. We never again discussed it. In my mind, my eyes were rolling in exasperation. Whew! Never mind, never mind!. Forget I ever bought it up!”
I’ll bet she wanted to give all money to the Clinton Foundation...
Nobody else wanted it? Or they agreed that she was most competent/unbiased.
“I wonder if she just didnt trust the legal system.”
Well, can you blame her? I certainly don’t trust the legal
system and I have nothing compared to what she had. My wife will probably have to go to Rent-a-Casket, then find something more suitable (cheaper) later. I have an box that the new hot water tank came in - should be a pretty good fit. :o)
“It goes by statute. No big deal.”
Every state has its own rules of inheritance in this situation, and your state’s rules might not accord with your wishes. That’s why its important to designate beneficiaries in all financial accounts and have a current will, power of attorney, and medical directive.
My parents were the exact opposite, always trying to tell us about trusts and insurance and all that, which I found uncomfortable and never focused on whatever they were saying.
The state usually takes a large chunk if one dies intestate then the family has to pay probate costs in addition. AFTER that the family divides but has to pay estate taxes.
Not a condition for appointment.
Wow. That is some interesting math.
It shouldn't even qualify for discussion on this forum.
So Sharpton couldnt buy her one from LegalZoom?
No will. Dumb move. This will get expensive.
She was sick for a long time, was in her 70s and knew she didnt have long. She had 4 sons, one with special needs who will need to be looked after the rest of his life, yet she couldnt be bothered to set up a trust fund for her family from her $80 million estate. She did, however, manage to plan an extravagant week long home going where she had 3 public viewings with a costume change each day including fresh manicures everyday, a concert the night before her funeral in an outdoor venue on the river in downtown Detroit, and a funeral procession with a hundred pink Cadillacs. Talk about priorities. The sons have filed an interested party suit with the courts. I hope theres something left for them when its all over, especially for the special needs son.
Chain of fools
Jim Morrison too. That was s real mess.
It might also be that she set up trust funds for each of her children.....years ago and it’s just her personal estate left.
Aretha was supposedly worth $80M. So a lot of money will unnecessarily go to lawyers because of her laziness or lack of foresight. In any event those four sons will still end up with plenty of money that they did not work for.
There probably is one since he sounds like he already has a guardian.
Probably has a special talent....like maybe she’s an attorney...or had taken care of her for some time.
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