Explain Five Ways To Minimize The Risk Of Estate Litigation
Do you have concerns that your will might be contested or challenged by certain members of your family after you are gone? If so, you aren’t alone – this is a common worry among those who have begun the important process of estate planning.
Many people have family conflicts that surface after a death which can result in estate litigation. While there is no way to guaranteed that your will won’t be challenged, there are ways to discourage this kind of behavior.
Here are five ways to minimize the risk of estate litigation:
1. While you still can, it is a good idea to get all your family issues and disagreements out in the open and try to work towards resolutions before you pass away. While this is always easier said than done, it’s important to at the very least, consider this idea. If you don’t want to try and resolve problems now, they won’t go away after your death. If you care about your family, you will want to consider how you can work towards resolutions now, rather than leaving it for your loved ones to deal with after you are gone. 2. …show more content…
Discuss what is in your will and let your loved ones know who you have chosen as the beneficiaries of your estate before it becomes too late. Unexpected surprises in these matters are sure to cause resentments and conflict to surface, particularly during the sensitive time surrounding your passing.
3. Ensure that your will is professionally drafted, executed and stored properly by an experienced estate planning attorney. While creating your will using an online program or drafting it yourself using a template may appear tempting, it is always best, particularly with matters of estate distribution and inheritance, to rely on experienced professionals. Enlist the help of an experienced estate planning attorney to make sure you have everything covered.
4. Do not circulate copies of your will to your loved ones. Instead, ensure that your executor knows where and how to access your will when the time
Many people have family conflicts that surface after a death which can result in estate litigation. While there is no way to guaranteed that your will won’t be challenged, there are ways to discourage this kind of behavior.
Here are five ways to minimize the risk of estate litigation:
1. While you still can, it is a good idea to get all your family issues and disagreements out in the open and try to work towards resolutions before you pass away. While this is always easier said than done, it’s important to at the very least, consider this idea. If you don’t want to try and resolve problems now, they won’t go away after your death. If you care about your family, you will want to consider how you can work towards resolutions now, rather than leaving it for your loved ones to deal with after you are gone. 2. …show more content…
Discuss what is in your will and let your loved ones know who you have chosen as the beneficiaries of your estate before it becomes too late. Unexpected surprises in these matters are sure to cause resentments and conflict to surface, particularly during the sensitive time surrounding your passing.
3. Ensure that your will is professionally drafted, executed and stored properly by an experienced estate planning attorney. While creating your will using an online program or drafting it yourself using a template may appear tempting, it is always best, particularly with matters of estate distribution and inheritance, to rely on experienced professionals. Enlist the help of an experienced estate planning attorney to make sure you have everything covered.
4. Do not circulate copies of your will to your loved ones. Instead, ensure that your executor knows where and how to access your will when the time