KEYTLaw - June 2019

PRINCE’S CAUTIONARY TALE WHAT HAPPENSWHEN YOU DON’T HAVE AWILL?

no estate plan or will, the distribution of Prince’s estate was subject to a probate, and that process can take a looong time (longer than it takes Ricky to bring me a treat). You’ve probably heard of probate, a court process by which property and assets of the deceased are transferred to the heirs. Maybe you’ve also heard how terrifying and expensive a probate can be. The thing is, an estate may enter probate whether or not a person left a will, unless assets are held in a trust. But, if they haven’t left a will, deciding on a valid transfer of property and assets gets much more complicated.

Hi there! Cody Keyt here, back to share more of my legal know-how with you! Today, we’re talking about someone that almost everyone knows and many adore, but sadly, he didn’t make plans for what would happen after he was gone. Prince Rogers Nelson, or Prince, as fans knew him, died just over three years ago, and while many people grieved this loss, his family may have grieved the most when they learned that Prince

So, which of Prince’s heirs have gotten paid in the process? The IRS and the state of Minnesota, because creditors get paid first.

Yes, folks, that’s what happens when you or a loved one die without a will in place. So, don’t wait! Talk to Richard or Ricky Keyt about creating (or updating) your estate plan. I still don’t have my law degree, so they’re your best bet for creating an airtight protection plan for your loved ones. (But, if you want slobbery kisses, then turn to me.)

died without an estate plan or a will. This meant that his nearly $200 million estate would be inherited by heirs chosen by his state of residence. As of last spring, none of his heirs had inherited a penny of Prince’s assets. With

NO. 1 DAD HASH BROWNS

DON’T PROCRASTINATE! CALL US NOWAT 480-522-8494 FOR YOUR FREE CONSULTATION! WEWILL ALSOGIVE YOU ACCESS TOOUR E-BOOK “FAMILY ACCESS PROTECTION” ALLOWUS TOANSWER QUESTIONS & DESIGN YOUR ESTATE PLAN TODAY BEFORE IT’S TOO LATE.

Inspired by Bon Appétit

INGREDIENTS

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Freshly ground black pepper, to taste

1 stick (1/2 cup) unsalted butter, or 6 tbsp ghee

Pinch of cayenne pepper, plus more to taste

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3 russet potatoes (about 1/2 lb.), peeled 1 tsp Kosher salt, plus more to taste

DIRECTIONS

1. In a small saucepan, heat butter over medium heat until foamy. Reduce heat if needed to avoid browning. Skim off white milk solids to make clarified butter (ghee). Transfer to a bowl and reserve. (This step won’t be needed if using ghee.) 2. Using the large holes on a box grater, grate potatoes. Transfer to a large bowl of cold water and stir until water becomes cloudy. Rinse potatoes under cold water, then squeeze out liquid using cheesecloth or a kitchen towel, removing as much moisture as possible. Season potatoes. 3. In a large nonstick skillet, heat ghee to medium-high. Add potatoes and cook until a crust forms underneath, about 5 minutes. Using a rubber spatula, break up potatoes and continue to cook, adding more ghee if potatoes begin to stick. 4. Cook until golden brown and crisp, about 8 minutes. Drain on paper towels; season with salt, pepper, and cayenne to taste. Serve.

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