Monday, May 20, 2013

Even Rappers Need Wills Part 2

Rapper Heavy D died in late 2011 survived by a now 13 year old daughter, parents, and siblings.   His brother, Floyd, recently filed a copy of  1999 will which unsurprisingly left the entire estate to Floyd.  The original was allegedly lost years ago.

Several points:

1.  Missing and lost wills are presumed to have been destroyed.

2.  Always tell your executor where the original will (and copy) are located.  I keep the originals for my clients and provide them copies with instructions to notify their executor of the location of the copy (which is stamped with my name).

3.  Without a will, Heavy's daughter would inherit the entire estate.

4.  Birth of children should be the primary reason for executing a will

5.  One report said the rapper died before he could revise his will to include his daughter.  It stinks when 11 years sneak up on you.