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Why You Need a Will

South Carolina Business Review logo

You probably heard that when Aretha Franklin passed away, she did not have a will, leaving an estate worth approximately $60 million that will end up paying close to $20 million in taxes.  And our next guest says you don’t have to have a multi-million dollar estate to need a will, but many people continue to never make one.

Mike Switzer interviews Andy Merline, an estate-planning attorney in Greenville, SC.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.