Hold things up for the person named in the will

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Reference no: EM133438534

Question: In the state of Florida, the intestate succession statute elects an estate executor through probate court, if there isn't a will in place. The next of kin is selected. The next of kin starts with a spouse or child. The spouse will receive the entire estate would go to the spouse, if the marriage is valid and took place in Florida. If there are any children, they receive 50 percent of the estate. The spouse receives 100 percent of the estate if the children are related to the spouse. If they're no spouse or children, then the parents inherit the estate. Next if they're no parents then everything goes to the siblings or other family members if no siblings.

Prince didn't have a spouse, children, or parents to inherit his estate. His next of kin are his siblings. They are battling each other to claim his estate. They all legally have a right at next of kin but it has to be settled by a judge because its more than one person. With all the lawyers, administrators, and accounts involved, its going to continue to be a battle. Besides of the six siblings claiming rights, there are other people claiming that they are rightful heirs as
well.

So much of the money in the estate is already lost to the fight of claiming the estate. With the type of estate that Prince left behind, there's no guarantee that even if he named an heir, it would be less of a fight. With some many people involved now, they would probably would have tried to fight and hold things up for the person named in the will.

Reference no: EM133438534

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