Since You’ve Been Gone, Aretha Franklin Dies Intestate

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An excellent opportunity to run a professional, time flexible and lucrative Legal services business from home or office, from one of the most recognised and trusted brands in the industry. Minimum start up costs with no previous experience necessary.
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APS Legal & Associates

  Opportunities:
In the UK
  Business Type:
Business Opportunity
  Minimum Investment:
£3,995
  Training Provided:
Yes
  Home-based:
Yes
  Part time:
Yes

It has been revealed that the queen of soul, who died earlier this month at the age of 76, had no will in place.

The estate is believed to be worth around $80m and according to the Michigan law, states that if an unmarried person is to die without making a will, his or her assets will be divided equally among children. Therefore, this will be split equally between the four of her sons.

Would this have been different had there have been a valid will in place?

Let’s take a look at what happens in the UK If you die intestate:

  • The Court will appoint administrators who will take responsibility for getting together all the deceased’s assets and making sure all the debts are paid before distributing the estate.
  • The surviving spouse may not automatically inherit everything from the deceased.
  • If the deceased and their partner were not married, then the surviving partner has no right to inherit anything.
  • If there are minor children in the family it is not the parent’s choice who cares for their children – it becomes the responsibility of Social Services.
  • The deceased’s estate will be shared out according to strict divisions within their family and the deceased cannot decide to increase the benefit to one person or exclude another from benefiting without a will

However, often making sure that a will is in place is not enough; it has to be the right type of will – one that is professionally drafted to take into account wishes, and personal and financial circumstances.

Why would a potential associate want to get involved?

Associates of APS Legal are united by their firm belief in the duty of care they owe to their clients. Whether associates are independent financial advisers offering the full spectrum of advice, or professional instruction takers specialising in wills, LPAs, and estate planning, they work to ensure that the general public have access to a timely and accurate LPA drafting service.

To this end, all of our associates receive in-depth training and full cover under our PI insurance, relating not only to the execution of accurate LPA documents, but to a wide range of estate planning services.

If you would like to go through this in further detail, either over the phone, face to face or email, then please complete the form below!

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