As we all know, the Queen of Soul, Aretha Franklin, died last August, and appeared to have died without an estate plan in place to determine the distribution of her $25 million estate. Her estate was back in the news recently because her son filed to take over as executor after three handwritten wills were found. Of course, we all wonder why rich people so frequently die without a proper estate plan in place, but there are lessons here for regular people like you and me, as well. Here are a few that popped up for me just reading the recent news.
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