FYI: THE MUSICIAN PRINCE died in 2016 at age 57, leaving behind a legacy of musical genius. Unfortunately, he also left behind an ongoing legal and financial mess. The issue: For reasons no one understands, Prince neglected to prepare even the most basic estate plan, leaving potential heirs squabbling over his fortune.
Under the latest tax law, passed late last year, only those with more than $11.2 million in assets ($22.4 million for a married couple) are subject to federal estate taxes. Still, you don’t have to be a wealthy rock star to need an estate plan. I believe every adult—regardless of net worth—should have at least a basic plan. Here are 10 reasons:
Regards,
Ted
https://humbledollar.com/2018/11/deadly-serious/
