Another Member Of Music Royalty Dies With No Will

• 
• 

Published Friday, August 24, 2018 at: 7:00 AM EDT

Legendary singer, Aretha Franklin succumbed to pancreatic cancer at the age of 76 on August 16, 2018, and she was accorded funeral rites usually reserved for heads of state. But the diva who famously demanded respect, sadly, died without a will.

Her estate is subject to probate, and a long-drawn out public legal proceeding to hear claims by her four children and other relatives — an undignified end for music royalty.

While Ms. Franklin was a genius by most measures and her music legacy lives on, she appears to have had a blind spot when it came to money and, perhaps, mortality. A minister's daughter, the Queen of Soul, was known to demand payment in cash before performing live and keep the cash near her onstage.

Probate proceedings have often resulted in public family fights and big legal fees, and music rights owned by an artist heighten the stakes and greed. The case of Prince, who died in 2016 without a will, has reportedly led to family disputes and revocation of a multimillion-dollar music deal.

Instead of leaving a legacy defined on her own terms, Ms. Franklin's family is subject to a public probate proceeding, which can turn ugly.

If you do not have a will or know you have a blind spot around dealing with money and planning properly, please call and let us try to help you.

---

This article was written by a veteran financial journalist. While the sources are believed to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.

2024

• Stocks Closed At A Record High
• Federal Reserve Projects Strong Growth
• The Best People Were Wrong 
• This Week’s Investment News In Six Charts
• U.S. Investor Picture Of The Week
• The Conference Board Backs Off Its Recession Forecast
• Softening Economic Data, Inflation Fears Dampen Stock Rally
• S&P 500 Closes Above 5000 For The First Time Ever
• Why America Is The World’s Economic Leader
• Investment News For The Week Ended Friday, January 26
• Why Stocks Broke The All-Time Record High
• A Strategic Update, With Stocks Near All-Time High And Crises Unfolding

• 2024 Begins With Positive Economic News

2023

• How 2023 Will Be Remembered In Financial History
• A Good Week For The Economy And Investors 
• Earnings Estimates Imply A Bullish Path For Stocks
• New Jobs Data Bolsters Hopes For 2024 Economy
• October Inflation Rate Slows, Spending And Income Cool, Making Further Rate Hikes Unlikely
• A Time Of Money Illusion
• Good News On Inflation Boosts Stocks For Third Straight Week
• The Terrible Truth About Investing
• The Goldilocks Economy Drove Stocks Higher This Past Week
• The Outlook For Investors
• More Economic Strength Sent Stocks Lower All Week​
• Four Observations About This Week’s Financial News​

• Not Too Hot Or Too Cold, This Week’s Economic Data Is Just Right
• S&P 500 Index Lost 2.4% In 3Q2023; Latest Inflation And Economic News
• Where The Boom No One Expected Gets Its Legs
• Latest On Inflation, Consumer & Business-Owner Optimism
• Slower Growth But Economic Outlook Remains Bright
• Labor Market And Inflation Drove Stocks Higher
• Costlier Homes Expected To Appreciate 4% Annually For The Next Five Years
• Leading Economic Index Falls For 16th Straight Month
• Tax-Sensitive Investment Planning In 2023 
• A Healthy Recipe For Growth Is Simmering
• Good News About The U.S. Economy
• The New Bull Market Has Broadened

2022

• 2022 Was The Worst Year For Stocks Since 2008
• 4Q '22 Is Closing Strong, But Recession Expected In 1Q '23
• A Key Principle In Fruitful Investing
• Plan Now For The Next Recovery
• Ending Inflation Will Take Months
• Economists Predict Lackluster 4Q22 Growth; Fed Algorithm Predicts 4.3%
• Amid Darkening News, Positive Economic Signs
• Stocks Soared This Past Week But Economic Pain Is Still Ahead
• Factors Blurring The Likelihood Of A Recession
• Weekly Investor Update
• Stocks Rose 4.7% This Past Week, Amid A Bear Market
• 105 Years Ago In Investing: Conditions Were Much The Same As Today

• A Timely Reminder Of Why You Take Stock Risk 
• Good And Bad Financial News: Weekly Investment Update 
• A Financial And Tax Planning Strategy For This Week's Stock Market Plunge
• Having Trouble Tuning Out The Bad Financial Economic News?
• A Key Signal Of Strength At A Pivotal Moment In Economic History
• Despite Strong Jobs Report, Stocks Declined Last Week
• The Fed Risks A Recession To End Inflation, As Expected
• Stocks Snap Four-Week Win Streak
• Stocks Have Soared Lately, But What Should You Expect Near And Long-Term?
• Investing In An Economy Beset By Multiple Anomalies
• Despite Bad Economic News, Stocks Rose 4% In The Week Ended July 29, 2022
• Amid Bad Data Releases, Leading Economists Predict No Recession

2021

• Despite Pandemic, Stocks Closed 2021 With A 26.9% Return
• Tracking The Economic Boom
• Fed Changes Its Inflation Stance
• Despite Inflation And Omicron, A Booming Economy
• The Week's Financial News: Crosscurrents In The Economy
• After Breaking Records For Six Weeks, Stocks Dropped -2.3% Friday
• Already Higher Than Ever, Leading Economic Index Surged Again In October
• Five Observations For Investment Planning For The Decades Ahead
• Financial Economic Outlook
• S&P 500 Closed Friday At Record High Again On Strong Earnings Reports
• With Economic Recovery Intact, Stocks Are Near Record Again
• Are The Five Stocks Driving The Market's Great Returns Overvalued?

• Despite Gloomy Jobs Report, The Economic Outlook Remains Bright
• S&P 500 Rebounded Today After A Difficult Week And Month
• China Financial Contagion Fears Come And Go In A Few Days
• August Retail Sales Indicate The Recovery Is Intact 
• This Week’s Financial Economic News 
• Latest Financial Economic News For Investors 
• After Fed Inflation Policy Speech, Stocks Closed At New Record High
• Stocks Closed 1% Off All-Time High; Strong New Economic Data
• Stocks Broke Record High Again This Week
• U.S. Jobs Picture Improved, Covid Variant Risk Declined, And Stocks Closed Week At Record
• This Week’s Economic And Investment News
• Positive Earnings, Housing, and LEI News; Stocks Closed Week At A Record

2020

• Holiday-Shortened Week Ends With Stocks Little Changed, Despite D.C. Drama
• The Financial Economic Situation Now
• Bull Market Has Broadened
• Why Did Stocks Close At A Record-High After Disappointing Jobs Report?
• Americans Sit On A Mountain Of Cash Amid Pandemic
• For High-Income Earners And Families, Failing To Plan Is A High-Stakes Gamble
• Stocks Break Record, But Smart Money Is Focused On Taxes
• Wall Street Reacts To D.C With A 7% Weekly Gain
• On Election Eve, Here's The Economic Outlook
• Sizing Up Economic Prospects
• Two Good Economic Surprises
• October Surprise May Be The Economy

• Economic Signs Are Fine Amid The Distractions
• Poverty Rate Dropped Again In 2019; A Sign Of Progress 
• Stocks Dropped Last Week But Data Confirmed Economic Recovery
• Amid A Mixed Week For Stocks, A Strong Recommendation
• Is A Stock Bubble Bursting?
• S&P 500 Breaks Record For A Second Week
• S&P 500 Breaks New Record; Small Business Picture Is Different
• As If Coronavirus Never Hit, Retail Recovers 
• Confirming Recovery Is Under Way
• Despite Grim Headlines, Stocks Rose Sharply -- Why?
• The Paradigm Shift In Valuing Stocks
• Retail Sales And Housing Starts In June Reveal Recovery's Shape

2019

• A Spectacular Year For Stocks
• A Case For A Bull Market In 2020
• Good Economic News Again
• An Unusual Constellation Of Economic Surprises
• Longest U.S. Expansion Keeps Rolling
• Retirement Income Reality Check
• Find The Major Economic Trend Hidden In This Picture
• Is The New Record High In Stocks Irrational?
• Stocks Break New Record; Economic Outlook Clears
• Despite Frights, Can The Expansion Continue?
• Retail Sales Coverage Reflected The Narrow View Of The Media
• Small-Business Optimism Declines But Remains High

• Analysis Of New Employment, Manufacturing & Service Economy Data
• Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis
• No Recession But A Slower Pace Of Growth
• Fickle Financial Headlines Brighten
• Economy Gets Bad Press Again
• Europe's Growth Problem And Your Portfolio
• Stocks Dropped 2.6% On Friday, As Reality Gap Seemed To Widen
• A Prudent Perspective On Recent Volatility
• A Tale Of Two Economies
• Amid Worries, New Equity Risk Premium Data Explained
• GDP Rose More Than Expected; Stocks Top Record Again
• Slower Growth Confirmed By June Leading Economic Indicators

2018

• 'Twas The Last Trading Day Before Christmas
• Stock Plunge Nears Bear Territory After Fed Hike
• A Last-Minute Reminder To Give Wisely And Charitably
• Key Facts About Tariffs, Interest Rates, And Economic Strength
• Fed Chair Extends A Dovish Hand, Lifting Stocks
• S&P 500 Slid Last Week, As Earnings Growth Is Recalibrated
• Last Chance For Pre-Retired Professionals & Biz Owners
• Amid A Swirl Of Controversy, Fed Policy Remained Stable
• More Good Economic News On Friday
• Is Amazon Keeping The Inflation Rate Low?
• Analyzing The Market Correction
• This Week In Stocks And The Economy

• Analyzing The Risk Of Stocks After The 6.9% Drop
• Fed Chair: "We Remain In Extraordinary Times."
• With The S&P 500 Up 7.2% In 3Q18, What's Driving Stocks?
• Widespread Misinformation Follows Household Median Income Report
• Investment Wisdom At A Poignant Moment In History
• Good Economic Surprises Happening Now
• Economic Facts To Prepare For The Elections
• Another Member Of Music Royalty Dies With No Will
• Top 10 Indications The Economic Outlook Is Brighter Than Expected
• Wealth And Economic News This Week (2-Minute Read)
• 10 Things: New Education Tax Breaks For A Child Or Grandchild
• The Truth About U.S. GDP Growth

2017

• 2017 Ends With S&P 500 Total Return Of 21.8%
• President Signs Historic Tax Cuts And Jobs Act; Stocks Drop A Fraction
• Good News On The Economy And A Tax Alert
• Tax Bill Drives Another Stock Market Record And Gives You To-Dos By Year-End
• An Eventful Week In Wealth Management
• Leading Economic Indicators Surge, Stocks Break Record High Again
• News Affecting Your Wealth Dominated The Headlines This Past Week
• U.S. GDP Growth Surprise Propels Stocks To New Record
• Why Does The S&P 500 Keep Breaking Records?
• U.S. Stocks Nearly Doubled In The Last Five Years
• The Big Economic News The Media Keeps Missing
• Trump Tax Plan Upends Year-End Tax Planning

• Key Senators Agree On A Road To Cutting Taxes This Year
• Year-End Tax Planning Could End With A Thrill This Year
• This Week's News About Wealth Management
• Stocks Dropped For Second Straight Week Amid Strengthening Economic Reports
• With Stocks Near All-Time High, Personal Income And Employment Data Are Released
• How Strategic Asset Allocation And Rebalancing Worked In The 12 Months Ended June 30
• Wall Street's "Top" Strategists' Recommendations Are Like Monkeys Throwing Darts
• Stronger Than Expected Jobs Creation But CNBC Reports "Trouble Lurked"
• S&P 500 Returned 2.9% In 2nd Quarter And 9.2% In First Half Of 2017
• Despite Distractions, Demographics Are Poised To Drive U.S. Long-Term Growth
• The Federal Reserve's Historic Economic Experiment Entered A New Phase
• Despite The Washington Sideshow, Stocks Closed At A New All-Time High

2016

• Visualizing The Risk Of Running Out Of Money In Retirement
• Wall Street's Strategists About As Good As Monkeys Throwing Darts
• Stocks Surge 2% Friday But Why Are They So Volatile Lately?

2015

• Despite A Lackluster Black Friday, Economic Fundamentals Look Good