Nascar’s Beloved Betty Jane France Dies: Who Will Inherit?

According to USA Today, Nascar’s beloved Betty Jane France died this past Monday, August 29 2016. Who was Betty Jane France? What did she do to shape Nascar to be what it is today? How much money is her estate worth ? Did she have a will created by an estate planning attorney? Who will inherit from her valuable estate?

Who Will Inherit from Betty Jane France’s Estate?

• On August 30,2016, USA Today reports that the NASCAR legend had passed away.
• The France family owns NASCAR.
• According to the article, and as many of you may know, Betty Lane France was “the wife of the late Bill France Jr. and mother of racing executives Brian France and Lesa France Kennedy.”
• She founded the NASCAR foundation, which grew into an extremely impactful charity.
• Media outlets report that her estate could be worth nearly $500 million.
• Who will inherit from the millionaire’s estate?
• As of right now, the media does not mention whether or not she died without a will, which probably means that she did have an estate plan in place before she passed away.
• The probate process will most likely occur in a probate court located in the state in which she died.
• Estate planning attorneys and probate litigators encourage clients to create some sort of estate plan, as it can prove to be very beneficial even while you are still alive.
• For example, if you become incapacitated, a good estate planning attorney may be able to help you avoid a Florida guardianship and protect your wealth that you are no longer able to manage.
• Probate lawyers know that it is not very expensive to create a Florida will, revocable trust or living trust and they can be completed quickly.
• Therefore, many people do not have an excuse.
• Why should I bother to have an estate plan?
• Because, if you don’t, your estate will  pass by a state law that controls who inherits property when someone dies without a will.
• In most states, this is called intestacy law or dying intestate.
• Florida litigators know that, when you die intestate in Florida, heirs inherit.
• To read the entire article about Betty Jane France, click here.