As the world continues to grieve the loss of the legendary Aretha Franklin, new details have emerged about the late Queen of Soul's financial legacy. According to TMZ on Tuesday, August 21, Aretha, who passed away at the age of 76, left no will or trust behind. With an estimated net worth of $80 million, this raises a crucial question: who stands to inherit Aretha's fortune?
Michigan Law Steps In
Under Michigan law, where Aretha spent much of her life, her estate will be divided equally among her four children. These include Clarence Franklin, 63, Edward Franklin, 61, Ted White Jr., 54, and Kecalf Cunningham, 48. Each child is set to receive an equal share of the $80 million, meaning each will inherit approximately $20 million. This legal process ensures that Aretha's legacy is distributed fairly among her immediate family members.
Aretha with son Kecalf and granddaughter Victorie. (Photo Credit: Getty Images)
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Legal Moves Begin
On Wednesday, August 22, CNN reported that Aretha's four sons have already taken legal steps by filing documents to be recognized as interested parties in their mother's estate. Additionally, a niece of Aretha's has petitioned the court to be appointed as the personal representative of the iconic singer's estate. This move suggests that there may be some complexity in the administration of her financial affairs.
Despite her legendary status in the music world, Aretha's lawyer, who has represented her for decades in various entertainment matters, revealed that he repeatedly urged her to create a will. Unfortunately, it seems she never found the time to do so. Now, her estate will be settled according to the laws of the state of Michigan.
Avoiding Controversy
Los Angeles attorney Don Wilson, who worked closely with Aretha, expressed his regrets about the situation. "I was after her for a number of years to do a trust," he said. "It would have expedited things and kept them out of probate and kept things private." He went on to warn, "I just hope [Aretha’s estate] doesn’t end up getting so hotly contested. Any time
