The Death Taboo: a Prince and the heirs to his throne
Wed 10 Aug 2016
Prince died earlier this year, without a will and without any known heirs.This has resulted in a long and drawn out exercise to establish who should receive the funds he has left behind.
On the one hand, a single man with no known children is perfectly entitled to take the view that once he's gone, he's gone, so it doesn't matter what happens.
On the other, what often follows is a very expensive and stressful process for the family, to determine what is to happen to the assets left behind. It is also important to remember that this will all happen at the worst possible time.
Death is a grim subject, and makes for pretty terrible table-time conversation, but as one of the few certainties in life, it shouldn't be taboo.
The more it is discussed the more likely those around us will engage with the idea and make a plan - and preferably a will!
I am not saying that we should all become agents of doom, rather that we shouldn't be afraid to raise and discuss the subject with those close to us.
I would much rather have a few difficult conversations, than face the stress and huge costs often involved where the subject has been ignored until it is too late.
Tim Snaith, private client partner at Winckworth Sherwood, is one of eprivateclient’s Top 35 Under 35 outstanding practitioners
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