Aretha Franklin’s passing during the summer of 2018 left her children in a state of despair, revealing that Franklin had no proper will or trust to distribute her wealth. It was estimated that her ownership in real estate is worth nearly $80 million and yet there was no preservation/ distribution plan in action. Her case was sent to a Probate court in Los Angeles where a judge was set to make the decision on how to distribute the wealth she worked her whole life for. Franklin left behind four sons, all of whom anxiously await the decision of a stranger to determine their financial future and their mother’s legacy.
As the family anticipated the hearing, it was revealed in early May of 2019 that a holographic will was located on the premises of Franklin’s home. Under investigation of the found drafted will, it was stated Franklin wanted her son Kecalf to be the executor. However, it appears that he may be unfit to do so. After bringing in a handwriting expert, the court deemed the will in fact be the late Aretha Franklin’s. The Franklin family, despite having Kecalf stated as the executor has decided to name him and Franklin’s niece, Sabrina Owens co-executors.
Life after losing a loved one can be daunting and may bring about internal conflicts and confusion. It is necessary that individuals of all financial backgrounds ensure certainty by planning appropriately for what the future may hold. Tresp Law has expertise in establishing that security for you and your loved ones. With an extensive repertoire of experience, Elizabeth and her team can guide you in making life’s important decisions that are often neglected. We understand that this process can be stressful and emotional, therefore it is of our utmost priority to plan with your optimal desires in mind.
https://www.forbes.com/sites/markeghrari/2018/10/16/aretha-franklin-left-an-80-million-estate-and-no-will-heres-why-that-matters-to-you/#40cae9015375
Knowing that you have planned for your family's long-term well-being and financial security can assure you that your lifetime of hard work is safe. At Tresp Law, APC we are dedicated to our clients.
