LANCASTER, Pa. (WHTM) – Superstar musician Prince reportedly died without a will. Now, there are questions on what will happen to his estimated $300 million fortune.
Matthew Grosh, a Lancaster-based attorney, showed ABC27 News the process of making a will.
“If you don’t have witnesses, under the laws of Pennsylvania, it’s tougher to prove that a will is valid,” Grosh said.
Grosh, an attorney with Herr and Low, said if you use an attorney, there are only a few decisions you have to make. He said wills are suggested for everyone older than 18 and they help assure what happens to your things.
If a will isn’t completed, the state will decide what happens to your belongings.
“A lot of it is a pecking order based on your family tree,” Grosh explained. “Like most family trees, there are some people you might not want having those things.”
Grosh said wills can be completed in just a few minutes.
“As far as specific items, they can [be done in a] letter of specific instructions,” he said. “It’s a letter that can be done after the will, without having to change your will.”
Grosh said the biggest mistake he sees is that folks wait too long to make a will. He also advised that wills can be written on anything, but are easier to complete if you seek the help of an attorney.
“With a will, with a power of attorney, you can tell everyone and make those decisions,” Grosh said. “If you don’t, the state makes that decision for you.”
Grosh said every state has different requirements for wills. He suggested that if you move to another state, it’s best to check with an attorney to see if anything needs to be changed.