Aretha Franklin died with a reported net worth of $80 million and no will – Finance

  • Aretha Franklin died in Detroit, Michigan, on August 16. According to TMZ, she had no will.
  • Net worth of Franklin at the time of her death was estimated at about $ 80 million.
  • According to her Michigan law, her assets will be divided equally between her four children.

Aretha Franklin, 76 years old, died in Detroit, Michigan, on August 16 from pancreatic cancer.

In the latest updates that followed her death, TMZ reported that the "Queen of the Soul" did not leave a will, according to court documents obtained at the exit.

"This is especially surprising given that she has a son with special needs named Clarence, who needs financial and other forms of support for his entire life," states TMZ. "Aretha has been ill for several years, but apparently did not see that the end will come … or, perhaps, the will will be low in the list of priorities."

It is not known why Franklin died as a "will" (without will), but it is known that it leaves a huge stock of assets – its net worth is estimated at about $ 80 million, according to people, citing

"I would expect that she has a house, probably a financial account – a brokerage account, shares, bonds, cash, "said Kennel Silver, a shareholder of the law firm Hertz Schram in Michigan, shortly after the singer's death. has a wide variety of investments – perhaps in real estate, other businesses that it can own or have interest. "

He also suggested that she owns valuable personal property, including awards and gold records.

But without the will, where will the assets and money of Franklin be?

If there is no will left assets are transferred to the heirs of the dean in accordance with the law, writes "Business Insider" Elena Kholodnaya in previous article, In accordance with Michigan State LawThe remaining assets of Franklin will be divided equally among its four children. The executor who manages the transfer of assets is appointed by the court.

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