The lessons you can learn from the musician known as Prince

Prince was a musical icon whose career spanned several decades, and his work has left a lasting impact on the music industry. From his innovative sound to his flamboyant style, there are many lessons that can be learned from Prince’s life and work. The musician also offers lessons on estate planning. 

One of the most important lessons that can be learned from Prince is the value of creative freedom. Throughout his career, Prince was known for his uncompromising approach to music and his willingness to experiment with different sounds and genres. He was never afraid to take risks or push boundaries, and this helped him to stand out from other artists of his time.

Another lesson to be learned from Prince is the importance of hard work and dedication. He was known for his intense work ethic, spending countless hours in the studio perfecting his music and live performances. This dedication to his craft helped him to create some of the most iconic songs and albums of all time, and it serves as a reminder that success often comes from hard work and perseverance.

Prince was also a master of self-expression, and his music and style were a reflection of his unique personality and identity. This is a lesson that can be applied to all areas of life, as embracing our individuality and expressing ourselves authentically can help us to connect with others and find fulfillment in our lives.

 Prince Rogers Nelson, passed away without a Last Will and Testament in 2016. You can read more about that here. Prince passed away without a Last Will and Testament, which inevitably lead to squabbles over his estate. There are many important lessons to learn about estate planning from Prince, lessons that go beyond simply having a Last Will and Testament in place. Read more about that here: Prince and Estate Planning.

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The late Larry King

The world was saddened by the news of Larry King’s passing on January 23, 2021. Known for his unique interviewing style and his ability to connect with people from all walks of life, Larry King was a broadcasting legend who left an indelible mark on the world of journalism.

As with many high-profile individuals, King likely had a well-crafted estate plan in place. Estate planning is the process of preparing for the transfer of an individual’s assets and wealth after their passing. It involves creating a will or trust, and appointing an executor or trustee to manage the distribution of assets to beneficiaries.

King had been married eight times and had five children, which could complicate matters in terms of inheritance. However, given his wealth and fame, it is likely that King took the necessary steps to ensure that his estate was properly planned and managed.

 Larry King’s estranged wife,  Shawn Southwick King, is currently embroiled in a battle over his fortune. You can read about it here:   The Executor of King’s Estate.

 Larry King’s passing has brought attention to the topic of estate planning and inheritance. While his legacy will be remembered for his contributions to journalism and broadcasting, his personal affairs remind us of the importance of having a well-crafted estate plan in place. It is a gift that we can leave to our loved ones, ensuring that our assets are distributed according to our wishes, and our family is taken care of after our passing.

 

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Losing parents to COVID-19

The COVID-19 pandemic has upended many aspects of our lives, from the way we work and socialize to the way we plan for the future. Unfortunately, the pandemic has also led to a spike in deaths, leaving many families to cope with the loss of loved ones.

In some cases, individuals who have passed away from COVID-19 may not have had a Last Will and Testament in place. A Last Will and Testament is a legal document that outlines a person’s wishes for the distribution of their assets and the care of their dependents after their death. 

When someone dies without a Will, their estate will go through a legal process known as probate. Probate is the process of administering the estate of a deceased person, which involves validating the Will, paying off any outstanding debts or taxes, and distributing the remaining assets to the heirs.

In the case of COVID-19, where the illness can strike suddenly and without warning, it is important for individuals to plan ahead and have a Will in place. A Will allows people to have control over how their assets will be distributed, and it can help ease the burden on their loved ones during an already difficult time.

Imagine losing both of your parents and THEN have to deal with the lack of a Last Will and Testament. What advice would you give to someone in that situation. Click on the link below to find out what advice is given to someone in that EXACT scenario: What now?

Even during a pandemic, it is important to plan for the future and take control of one’s estate

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A cautionary tale about Wills and Estate Planning from the late Larry King

The world was saddened by the news of Larry King’s passing on January 23, 2021. Known for his unique interviewing style and his ability to connect with people from all walks of life, Larry King was a broadcasting legend who left an indelible mark on the world of journalism.

However, beyond his public times and had five children, which could complicate matters in terms of inheritance. However, given his wealth and fame, it is likely that King took the necessary steps to ensure that his estate was properly planned and managed.

Estate planning is not just for the wealthy, however. It is important for everyone to have an estate plan in place, regardless of their wealth or status. Without an estate plan, one’s assets and wealth can be subject to probate, which can be a long and costly process for one’s heirs.

In the case of Larry King, it is not yet clear what his estate plan entailed, or how his assets will be distributed among his heirs. However, his passing serves as a reminder of the importance of estate planning, and the peace of mind that it can provide to one’s loved ones.

 King left behind a Last Will and a bit of a conundrum; the man who was married eight times, who left behind five children AND four great-grandchildren, inevitably created a bit of a mess for his inheritors. Communication and openness is extremely important for anybody who is planning for their estate, but this is particularly true for Larry King, who had made changes to his “airtight” Last Will. Read more by clicking on the link below:  Lessons from the late Larry King on Estate Planning.  King was also a private individual who had a family and personal life outside of his work. Like many public figures, King’s passing brought to light questions about his estate and inheritance.

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