Houston Estate Planning Law Blog
AMY WINEHOUSE LEAVES BEHIND A HEFTY ESTATE WORTH $4.66 MILLION
Many Texas residents remember when Amy Winehouse passed away. Last July, the 27-year-old singer was found dead in bed at her London home. The tragic tale of the soul singer’s passing was reported in many newspapers across the United States. The singer struggled with drug and alcohol abuse for many years. Ultimately, she died of accidental alcohol poisoning.
Recently, the singer is once again headlining the news. This time, sources speak about the singer’s estate. According to reports, Amy Winehouse left an estate worth 2.94 million pounds, which is the equivalent of $4.66 million, after her death last year. Specifically, probate documents show that she has assets totaling more than $6.7 million, leaving $4.66 million remaining after debts and taxes.
Unfortunately, Winehouse did not take the time to make estate plans before she passed. As a result, the money will go to her parents. Furthermore, documents list the singer’s father as administrator of the singer’s estate.
No one will ever truly know the singer’s specific post-life intentions for her assets and money. For example, did she really want her parents to get all of her money? Or, did she have the desire to donate money to the music community?
Winehouse never had the opportunity to see her 30th birthday. This story serves as a reminder that life can be taken very unexpectedly. For this reason, if you have specific aspirations for your assets after you die, you should ensure that you make appropriate legal arrangements. You can never really be too young to set up a will.
Source: Yahoo! News, “Winehouse family to get her $4.66 million fortune,” March 28, 2012
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