When someone passes away, the executor of their estate plays a pivotal role in managing and distributing assets as outlined in the will. Ideally, the executor maintains open lines of communication with beneficiaries to confirm that the estate is handled fairly and efficiently.
Failing to file probate can lead to significant legal complications and risks, especially for heirs, creditors, executors and estate administrators. Additionally, it may give rise to litigation, which can be time-consuming and costly.
Prince had no will and six heirs. The singer’s estate remains as unsettled as it was the day he died in his Paisley Park mansion outside Minneapolis.
He was one of the most prolific artists of a generation, multi selling, multi-award-winning, multi record-breaking. Yet when he died suddenly in August 1977, Elvis Presley's finances were a wreck.
