Aretha Franklin died with a reported net worth of $80 million… but left no will behind… which is surprising considering her long battle with various health ailments and a timeless music library. Franklin died August 16 at age 76 after a battle with pancreatic cancer.
According to court documents obtained by TMZ, the singer died “intestate” — meaning she had no will at the time of death. Although she was ill for several years and has a special needs son who requires financial and other forms of support for the rest of his life — having a will was low on the priority list, the outlet noted.According to Michigan law, Franklin’s 4 kids will share equally in her estate, which celebritynetworth.com claims is estimated to be around $80 million.
Kenneth Silver, a shareholder at Hertz Schram law firm in Michigan, speculates to PEOPLE that the hitmaker left behind a number of assets. “I would expect that she has a house, probably a financial account of some kind — a brokerage account, stocks, bond, cash. She probably has investments of a wide variety — perhaps in real estate ventures, other businesses that she may own or have an interest in.”
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