Estate planning is about determining how you’ll streamline things for your loved ones and what you’ll pass on and to who. But what happens if your family members are not able to get along? This can significantly delay the time it takes your estate to go through probate and arguments over your estate can also drain assets due to the legal expenses required to respond to these.
Estate administration, unfortunately, can be both personal and legal with frustrated beneficiaries attempting to mount challenges to rectify what they believe is right.
Although some estate planning conflicts can seemingly come out of nowhere, there are other factors that can indicate you need to do some extra work with the help of your estate planning attorney to minimize the possibility of your loved ones arguing over your estate. These signs can include:
- Existing sibling rivalries.
- Economic differences between the different beneficiaries.
- Mental illness or dependency on drugs.
- Appointing multiple trustees or executors.
- Disinheritance or estrangement.
- Marriage late in life.
- Differences in the amount given to one beneficiary versus another.
There are actionable steps you can take today to make planning easier and to decrease the possibility of conflicts in the future over your estate strategies. When you clearly communicate what you want to happen with your estate, it becomes easier for your loved ones to accept and understand your intentions, limiting the possibility of conflict.
Scheduling a consultation with an estate planning lawyer in Pasadena is the best way to get a comprehensive perspective on the strategies and tools available to you to minimize these conflicts.