The Estate & Asset Protection Law Firm Owner, Shannon Pawley, Reminds Readers That Establishing An Estate And Asset Protection Is A Way To Show Loved Ones Respect.
Estate & Asset Protection Law Firm Owner, Shannon Pawley, writes about the settling of Aretha Franklin’s estate as a reminder of the importance of creating estate and asset protection plans and keeping them updated.
DECATUR, GA, August 31, 2022: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “R.E.S.P.E.C.T. That’s What Having An Estate And Asset Protection Plan Spells,” in which Ms. Pawley reminds readers that death often comes unexpectedly.
“Recently,” Pawley begins, “it was reported that iconic singer, the Queen of Soul, Aretha Franklin’s outstanding tax debt was paid off to the tune of nearly $8 million.” She continues, “The fact that the singer owed back taxes and did not have an estate and asset protection plan doesn’t really come as a surprise to me. So many celebrities who die unexpectedly do not have their affairs in order. It is tragic for Franklin’s family though who, since 2018, have not had the benefit of any of her estate.”
As Pawley notes, “It is so true that unexpected deaths, be they celebrity or not, can make the rest of us think about the documents we need to have in place to benefit our loved ones.” She emphasizes, “You certainly do not have to have the kind of estate Franklin had, or any other celebrities for that matter, to show your family you love and respect them enough to keep them from having to go through probate. The tax and financial hassle of probate can be huge, even for normal sized estates.”
Pawley points out, “The hundreds of thousands of unexpected deaths due to the pandemic have also brought this to the foreground for many families. It doesn’t take long to create legal documents that will allow you to make sure your affairs are in order.”
The entire blog can be read at LINK HERE
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets, and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Shannon M. Pawley, J.D., LL.M
As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it. In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101st United States Congressional Session in Washington, D.C. This experience exposed her to numerous new cultures and worldly issues. Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.
Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law. After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.