Joshua Rubenstein, partner and national chair of Katten's Private Wealth Department, was interviewed by the Associated Press regarding the prolonged legal battle over Aretha Franklin's estate. Josh addressed the importance of hiring a lawyer to create a will.
"People are sometimes pennywise and pound foolish, including people with decent amounts of money," Josh said. "But if you have enough money to leave to somebody, you have enough money to hire a lawyer and not do it yourself."
Josh further noted that while most states have laws covering how an estate should be divided if a person doesn't have a will, the default formulas used may not divide property and assets the way the individual intended.
“Expensive court fight over Aretha Franklin's will provides cautionary tale,” Associated Press, July 12, 2023