Jay-Z, husband to superstar Beyoncé and a successful rapper-turned-business mogul, has released an estate planning themed song on his new album. The song is called “Legacy,” and it starts out with a recording of Jay and Beyoncé’s young daughter, Blue Ivy, asking, “Daddy, what’s a will?” The rest of the track is Jay-Z’s answer, containing a list of things that he is thinking about putting into his estate plans and why estate planning is important to him!
In the beginning of the track, he raps about leaving the most of his wealth to his wife:
She might start an institute
She might put poor kids through school…”
But he also designates some of his assets and holdings, including his record label, beverage brand, and music streaming platform, to his children:
Leave a piece for your siblings to give to their children too
TIDAL, the champagne, D’USSÉ…”
Like many new parents, Jay-Z has clearly been inspired to think about his legacy and wants his children and wife to be taken care of. He also wants to create a positive impact in the world with the wealth he has amassed throughout his career. Creating a will or trust plan is a smart idea for anyone who is having similar thoughts.
If you have questions about estate planning or if you want to make sure your family is secure, and for Wills, Trust Administration, and other Estate Planning needs, contact Glenn R. Matecun by calling (517) 548-7400 in Livingston County and (586) 751-0779 in Macomb County.