Mac Miller, American Rapper who died of a suspected drug overdose on September 7th, has left his fortune to his family according to his Will.
The Will named parents Karen Meyer and Mark McCormack along with his brother Miller McCormack as the main beneficiaries to his estate. They will inherit all assets, including his money, properties and possessions.
Miller, 26, has a suspected fortune of £6.9 million at the time of his death. Although the Will was written in 2013, before his fame and fortune materialised, the family will inherit his fortune.
David Byrnes, Miller’s lawyer, was appointed as the trustee to the estate, noting that Miller’s brother would take over if Byrnes was unable.
In addition to the tragic way Miller died, the fact that the 26 year old had a Will is also fairly shocking considering the most recent 2018 figures.
The most recent reports indicate that only 75% of people aged over 55, and therefore more likely to be considering after death planning, have made Wills; with only 45% of the UK population ensuring that they have a legally binding Will.
Staggeringly, only 24% of people in the UK under 35 have made a Will. This number only increases to 26% if the household has a child over the age of four.
Although Mac Miller’s death was unexpected and avoidable, the fact that he made a Will should allow his family to grieve without any additional anxieties and concerns.
According to the Office of National Statistics Deaths by Single Year report, 3,057 men aged between 18 and 30 died in 2017 in the UK alone.
Even though the figure for female deaths in this age bracket is considerably lower at 1,221, the combined figure of 4,278 people dying in the UK during 2017 highlights the extent of the issue.
These figures would mean that 3,251 of these people would die intestate, without a Will, ultimately inflicting additional distress and upset on their loved ones.
Have you experienced issues with young adults dying intestate? Is this a major issue that needs addressing?
