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- Aretha Franklin died in Detroit, Michigan, on August 16th. TMZ reports that she had no will.
- Franklin's net assets at the time of her death were estimated at approximately $ 80 million.
- Her assets will be divided equally among her four children, according to Michigan's state law.
Aretha Franklin, 76, died in Detroit, Michigan, on 16 August of advanced pancreatic cancer.
In the latest updates after her death, TMZ reported that the "Queen of the Soul" did not leave a will, according to court documents obtained by the outlet.
"It is especially surprising given that she has a son with special needs called Clarence, who needs financial and other forms of support all his life," says TMZ. "Aretha was ill for a few years, but apparently did not see the end coming … or possibly a will was low on the priority list."
It is not certain why Franklin "intestaat" died (without a will), but it is known that she leaves a good deal of assets – her net worth is estimated at about $ 80 million, according to People, referring to celebritynetworth.com.
"I would expect her to have a house, probably a financial account of some sort – a broker's account, shares, bonds, cash, "Kenneth Silver, shareholder of the Hertz Schram law firm in Michigan, shortly after the singer died." has a wide range of investments – perhaps in real estate companies, other companies that it may or may not have an interest in. "
He also speculated that she possessed valuable personal possessions, including awards and gold records.
But without a will, where are Franklin's assets and money going?
If there is no will, remains Passing on property to the heirs of the deceased according to the state of law, wrote Elena Holodny of Business Insider in a previous article. According to Michigan's state law, Franklin's remaining possessions would be equally divided among her four children. The executor, who manages the process of transferring assets, is appointed by the court.
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SEE ALSO: Soul music legend Aretha Franklin died at the age of 76
DO NOT MISS: The voice of Aretha Franklin was & sing; singing for his life & # 39; and no voice had a greater impact on me than her