Aretha Franklin’s Estate Is Worth $80 Million. What Happens Now?
The Queen of Soul made millions, here's how it could be divided. Filed to: A link has been sent to your friend's email address. About the author Angela Helm. Entertainment News.
Aretha Franklin reportedly had no will and a net worth of $80 million - Business Insider
Wilson said it's unfortunate that Franklin didn't establish a trust, something he'd urged her to do for years. A link has been posted to your Facebook feed. That home has 4, square feet on the main floors, with another 3, in the basement.
But what happens to your money and assets without one?
What? Aretha Franklin Had an Estimated Net Worth of $80M and Left No Will Behind!
In the latest updates following her death, TMZ reported that the "Queen of Soul" didn't leave a will behind, according to court documents obtained by the outlet.
Close the menu. Rosalynn Carter Mental Health Fellow. The singer was the first woman inducted into the Hollywood Hall of Fame Image: Katie Warren.
Martin Luther King Jr. Let friends in your social network know what you are reading about.
Aretha Franklin Net Worth TheRichest
And then they divvy up the money in a number of different ways among various beneficiaries. The executor, who administers the process of transferring assets, is appointed by the court.
Franklin's real estate holdings alone make her a multimillionaire, but it's hard to gauge her net worth without knowing her debts and the value of the rights she retained to the music recordings that made her famous.
By Brittany Shoot Updated: Aretha Franklin , artists , Money , net worth , queen of soul , will.
Aretha Franklin Net Worth: Legendary Career Produces a Huge Fortune GOBankingRates
Highest-Paid Female Celebrities 17 images. Her first album, Songs of Faith , was recorded at New Bethel and released in when Franklin was just 14 years old. If you can avoid court proceedings, you want to avoid court proceedings. However, as with the case of Prince, who also died without a will, the executor can collect millions in fees while the family receives nothing until the value of the estate is established. She won both times. Post to Facebook.
Aretha Franklin Leaves Behind an Enduring Legacy—and a Massive Fortune
Aretha Franklin didn't have a will, but you should: Angela Helm Ms. Franklin, who won 18 Grammy awards, is known as a musical icon. In January , Bowen Paving Inc.