Like many other famous musicians, Whitney Houston had many financial difficulties in her life. However, even after her death, her estate could be earning a considerable amount of annual income for years to come. While some of the estate’s royalties will be used to pay off her debt, Whitney Houston’s estate joins a list of many others before it that will continue to reap the benefits of the decedents’ stardom.
Forbes recently released a list of the top earning dead musicians showing that Michael Jackson’s estate took in $170M in 2011 alone. While Yahoo does not believe Whitney Houston’s estate will be as prolific, the estate could still be earning a large sum of money for the foreseeable future.
While not everyone is a platinum selling recording artist, everyone stands to benefit from prudent and effective estate planning and asset protection. Royalties and other windfalls do not necessarily have to go to an estate, talk to the lawyers of Kohler & Smith Co., LPA today to protect your family’s financial future.