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Singer's estate valued at $25 million

When it comes to probate, every estate is unique. As a result, families who are struggling with any legal issues related to probate should take an individualized approach and take steps to prevent unnecessary complications. For example, disputes may arise and should be avoided, if possible, since disagreements can cause even more emotional pain and further complicate the probate process. Unfortunately, some disputes are inevitable in Jamaica, and all across the state of New York.

The estate of a popular singer who recently passed away, which has been valued at an estimated $25.4 million, was recently presented to probate court in Minnesota. There are a number of unresolved matters concerning the musician's estate and heirs are yet to be determined. In recent months, numerous people have claimed to be heirs of the estate.

According to an inventory that was presented in probate court, the singer had accumulated real estate valued at millions of dollars in the year before his passing. Moreover, the full worth of his estate has not been determined due to videos and music that were stored in a vault and had not been released.

Dealing with probate can be difficult for all sorts of reasons. Sometimes, people are unsure of how to move forward during a will contest or what their obligations are as the executor of an estate. Regardless of the specific challenges someone is facing, handling probate issues correctly is imperative. Sometimes, people have developed a clearer understanding of their choices by discussing their situation with a knowledgeable legal professional.

Source: Fox News, "Asset inventory of Prince's estate lists cash, property, gold bars," Jan. 8, 2017

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