"Prince’s Estate Settles IRS Tax Case"
Synopsis: Prince’s Estate has settled its tax dispute with the IRS over the value of the star’s assets on his death. Prince died without a will in 2016, and that set off a number of legal proceedings. He did not have a spouse or children, but he had half-brothers and half-sisters who stood to inherit. Because he did not have a will or trust, the case had to be probated with all of the extra fees, delays and publicity that entails. There were numerous legal claims, including a wrongful death case that was eventually dismissed. Yet the biggest legal dispute of all was with the IRS, and that was not directly related to whether he had a will.
You can read the article by clicking HERE.
Last week's article was:
"Working With Clients on Estate-Planning Strategies"
You can read last week's eNewsletter by clicking HERE.
