The untimely death of the music icon is exposing the role tax planning plays in an overall estate plan. By creating a comprehensive plan, a high net worth individual can ensure that assets will be passed to his or her beneficiaries while significantly reducing taxes. Source: http://www.forbes.com/sites/legalentertainment/2016/07/18/prince-estate-the-importance-of-having-a-will/#1847d0922ccb
