Sting’s children won’t inherit bulk of his fortune

Believing that his fortune will be a burden on his children, former Police front man Sting stated that his three daughters and three sons will not inherit much of his wealth, E! Online reported on June 23.

The singer, who is worth about $300 million, told his children that with all his commitments, he will not be leaving them with much money because he plans to spend most of it. Sting and his wife, Trudie Styler, are supporters of several charitable institutions. He praised his children for their hard work ethic, suggesting that they prefer to earn money from their own merit rather than a grandiose inheritance.

Although there are a few who choose not to establish a trust fund, many people see it as a guaranteed way to ensure their children’s future. If you are planning your estate in Chicago, discuss your needs and desires for the future with a qualified estate lawyer at Peck Ritchey, LLC. Call us today at (855) 328-5787 to discuss your situation.