Fights could be looming over Ali estate

Over the weekend, residents across Georgia were saddened by the death of legendary boxer, activist and philanthropist Muhammad Ali. His life and his passing had an impact on people all across the globe, from sports fans hailing him as "the greatest of all time" to people inspired by his lengthy battle with Parkinson's disease.

However, the people most closely affected by his death include those in his notoriously large family and those he helped through his lifetime. He is survived by his nine children, grandchildren and wife, and he made countless connections through charity and as a public figure. While the details of Ali's will and the future of his estate have not been reported, there are points of discussion that have arisen in light of his passing.

To begin with, this tragic situation can be a reminder that as the number of people involved in or excluded from a will increases, so do the opportunities to challenge that will.

For instance, spreading your assets among three people may seem more manageable than spreading it out over a dozen people. More people can mean more varied situations and interests that can come into play. This can require that you are more diligent and thorough with the instructions in your estate plan.

It is also important to note that there is an incredible amount at stake in this particular situation. According to reports, Ali is believed to be worth $50 million. This comes in the form of properties, lifetime earnings, name and image licenses and other assets.

In situations where a person's net worth and asset valuation includes items more complex than cash in a bank account, distributing those assets can be particularly challenging. It can also raise the financial stakes, which can provide motivation to contest a will. When the amounts of money involved are smaller, people may not feel as inclined to challenge.

Most people don't have the assets, relationships and iconic status of a famed athlete like Ali, but that doesn't mean they should take lightly how their death can and will affect others. Taking the time to craft an estate plan can help people from all backgrounds protect themselves and their families.

No Comments

Leave a comment
Comment Information

Upcoming Workshops

3 Easy Steps To Protect Your "Stuff" This workshop addresses frequently asked questions and common misconceptions on Wills & Trusts, Asset Protection, Nursing Home Issues, and Medicaid Qualification.

Join Now! More Workshops

Call Us Today To Schedule A Consultation

We are ready to help you start planning. To schedule an initial consultation, call us at 770-822-2723 or 866-735-9628. You may also contact us online.


Johns Creek Office
11555 Medlock Bridge Road, Suite 100
Johns Creek, GA 30097

Toll Free: 866-735-9628
Phone: 770-822-2723
Fax: 770-573-3379
Map & Directions

Lawrenceville Office
1755 North Brown Road, Suite 200
Lawrenceville, GA 30043

Toll Free: 866-735-9628
Phone: 770-822-2723
Fax: 770-573-3379
Map & Directions


How can we help you?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.