WHAT PRINCE CAN TEACH YOU ABOUT ESTATE PLANNING
In April 2016, Prince’s sister, Tyka, initiated proceedings to appoint a special administrator to assist in the probate of the pop star’s multimillion dollar estate. The special administrator appears to be necessary because, notwithstanding Prince’s vast wealth, Prince appears to have failed to prepare a will. This seemingly minor oversight might prove disastrous to both Prince’s estate and his surviving…