ADA, Okla.--(BUSINESS WIRE)--April 21, 2017, marks the one-year anniversary of the death of Prince, the legendary musician and actor who captivated audiences for decades with his generational talent, flamboyant fashion and larger-than-life personality.
It has been well documented that Prince did not leave a will, and as such, when his estate went into probate, state law took over instead. One year later, the courts are still identifying rightful heirs and working through an estate rumored to be worth up to $300 million. Because the artist died “intestate,” it means that the intestacy laws of his home state now are determining how his property will be distributed.
James Rosseau, Chief Commercial Officer of LegalShield, one of North America’s leading providers of affordable, responsive and accountable legal and identity theft protection plans for individuals, families and small businesses, has been just as stunned as the rest of the world when he learned that Prince never created an estate plan, or a even had a document to serve as a will to dispose of and protect his assets in the event of his death.
“The world was saddened when Prince unexpectedly died last year, with tributes to him appearing in the form of buildings awash with purple light and the world’s finest musicians performing his music. Now the loss of him is once again felt deeply, as his intentions for his legacy are not recorded in any clear way,” said Rosseau.
“The lesson that we all unfortunately get to learn again, is that Prince’s intentions for what to do with this estate immediately became irrelevant because he never wrote them down,” continued Rosseau. “Prince seemed to have had it all, but let it all go in the end due to the lack of planning. It's never too early to start a conversation about creating an estate plan and Prince’s death is a constant reminder that it is the only way to know for sure that one’s estate will be distributed in accordance with their wishes.”
LegalShield allows members to reach their law firms directly with one-touch app dialing, and has introduced its first ever digital Will Questionnaire feature. Users are no longer burdened with submitting lengthy documents via snail mail or even email; they can simply tap “Prepare Your Will” on the app interface, complete the questions, and submit to the law firm.
“Americans face significant exposure to legal issues every day and it is appalling that so many people walk away from their rights because they simply didn’t plan to protect their rights or they believe they can’t afford to protect them,” continued Rosseau. “The color of justice should not be green and through our plans we seek to provide equal access to justice for all.”
LegalShield was founded 45 years ago on the premise that democratizing access to justice for all would satisfy an ever-growing need for Americans who face significant exposure to legal and identity theft issues, exponentially, every day. Today, LegalShield provides such access to more than 1.6 million families and serves over 4.2 million individuals.
LegalShield is one of the North America’s leading providers of legal safeguards for individuals, families and small businesses. The company also offers one of the industry’s most affordable and comprehensive identity theft plans, IDShield. LegalShield plans provide protection to more than 4.2 million individuals, and IDShield provides identity monitoring and restoration services to more than one million individuals across North America. In addition, LegalShield and IDShield serve more than 141,000 businesses. For as low as $20 per month, LegalShield members get access to attorneys with an average of 19 years of experience in areas such as family matters, estate planning, financial and business issues, consumer protection, tax, real estate, benefits disputes and auto/driving issues. Unlike other legal plans or do-it-yourself websites, LegalShield has dedicated law firms in 50 states and four provinces in Canada that members can call for help without having to worry about high hourly rates. For more information, visit http://www.LegalShield.com or http://www.IDShield.com.