Pop star Prince who died last month aged 57 did not leave a Will.
Tyka Nelson – Prince’s only surviving full sibling has petitioned for a special administrator to oversee the star’s estate.
The size of Prince’s fortune is unclear but is thought to include £18 million of property.
Neil Raiseborough, Member and Head of Private Client at Alsters Kelley LLP said, “Unfortunately, there is still a surprising amount of people without Wills in place including iconic starts such as Prince. Having a valid Will is so important – you can ensure all your wishes are carried out and the people you want to benefit will do so and everything is dealt with smoothly.
The sorting out of Prince’s estate is likely to be a very lengthy process. In the UK if you die without having made a Will the Intestacy Rules govern how a person’s estate is distributed. Ultimately, if there are no surviving blood relatives the estate will go to the crown.”
Click here to view our Intestacy Flow Chart.
If you would like some help and advice in preparing your Will or to make any changes to an existing Will then please contact Neil Raiseborough at neil.raiseborough@alsterskelley.com or telephone 01926 356042.
Please call 01926 356041 to speak to one of the team to make an appointment with one of our Private Client lawyers at any of our six offices.
Neil Raiseborough
Head of Wills, Probate, Tax & Trusts
Neil heads up the Private Client team and dealing with advising individuals on Tax and Estate Planning, the drafting of Wills and Powers of Attorney, Trust creation and administration, the administration of Estates and applications to the Court of Protection.
01926 356000
neil.raiseborough@alsterskelley.com