Aretha Franklin Died Without a Will But Left a Huge Estate—Here’s Where All That Money Is Going
Legendary soul singer Aretha Franklin passed away over a year ago but it seems like the drama surrounding the fortune she’s left behind is only getting worse.
Known for hit songs like ‘I Say a Little Prayer’ and ‘Respect’, Franklin passed away at the age of 76 after battling with pancreatic neuroendocrine tumor. She left without a will…or at least this was what people initially thought. These are the new developments in the battle for Franklin’s estate.
As new court documents about the singer’s assets revealed, the Queen of Soul had a total of $988,656.17 in uncashed checks at the time of her passing. The amount comes from various sources with most of the total being payments from the Screen Writers Guild and the Sound Exchange. The rest were issued by other companies like BMI, Springtime Publishing, and Feel Good Films among others.
One of Franklin’s sons, Kecalf Cunningham, has reportedly already gotten in contact with one of the banks that issued the uncashed checks. It was during an inventory of the singer’s possessions that the checks were found. It’s worth noting though that this isn’t the first time that Franklin didn’t cash in her checks. As previously reported in the news, her checks issued back in 2012 had to be reissued in 2016.
This almost $1 million in uncashed checks will then factor into the current battle over her reported $80 million estate.
Division of Estate
At the time of the late singer’s death, it was believed that she didn’t leave a will so her fortune was bound to be equally divided among her four sons: Clarence and Edward Franklin, Teddy Richards, and Kecalf.
But things may not end up as simple as this though after the discovery of Franklin’s three handwritten wills about three months ago. One of these wills, dated 2014, was written in a spiral notebook which was recovered from under the late singer’s couch cushions. Meanwhile, the other two were found in a locked cabinet and have been dated to have been written in 2010.
Under Michigan law, the estate left behind by a person who died without a will shall go to the deceased’s children if there is no surviving spouse. This was what was followed before the discovery of Franklin’s handwritten wills and her sons have actually chosen an executor, a cousin, Sabrina Owens.
But if any or all of the three new wills are deemed to be valid in court, each brother’s share of their mother’s estate might drastically change and even Owen’s appointment as executor would be in jeopardy.
In her 2014 will, Franklin named her son Kecalf as the executor of her estate. He has since hired a document specialist to confirm that the document was indeed written by his mother and has not been altered since.
More in Celeb Justice
Buying a House For The First Time? Here’s You Can Find The Best Mortgage Lender
As an adult, you have probably dreamed about owning your own house one day. However, working towards getting a home can...June 20, 2020
Single Moms Can Now Invest In Their Own House – Just Follow These Easy Tips
en etweBeing a single mom is not easy; there’s no doubt about that. Raising children is a challenge in itself, and...June 18, 2020
Here’s How You Can Avoid a Personal Financial Crisis During The Pandemic
When will the world go back to the way it was? When will things start getting normal again? What do we do...June 16, 2020
Looking For Money Saving Tips? Savers Reveal Tips That Changed Their Lives
Figuring out how to save extra money is one of the biggest challenges we face as adults. While small bills might seem insignificant,...June 16, 2020
Investment God Peter Lynch’s Legacy- Invest In What You Know
If you’re familiar with the world of finance, you must have heard about Peter Lynch. If you’re hearing that name for...June 12, 2020
Here’s How You Can Keep a Good Credit Score Even During COVID-19
It is no secret that the recent COVID -19 pandemic has brought about heaps of uncertainty in our lives. The lockdown...June 11, 2020
Taking Interviews For Cybersecurity? Here are Some Tips you’d Want to Look Into
As a technical leader, one of the most important aspects of your job is to hire the right people. Interviews are...June 11, 2020
Looking for a New Career Path? These Jobs Have Been on the Rise During the Pandemic
These unprecedented times have caused the job market to split into two parts. One part consists of industries slowing down to...June 10, 2020
Unsure of How to Organize Your Finances? These Tips Might Be Just What You’re Looking for
Being confined to the solitude of our homes, most of us have been forced into thinking about our lives before the lockdown....June 10, 2020