Skip the Courtroom Drama and Have an Estate Planning Family Meeting
No matter how well your family gets along now, when it comes to dividing up assets and talking about inheritances, people tend to let it turn ugly
Skip the Courtroom Drama and Have an Estate Planning Family Meeting No matter how well your family gets along now, when it comes to dividing up assets and talking about inheritances, people tend to let it turn ugly. You need to not only discuss with potential beneficiaries what they are getting, but discuss with other individuals what they are not getting. By discussing this openly and before estate planning is started, you can air out any issues and iron out any problems that will arise later on. Consider Mediation If it seems that beneficiaries will not agree, consider using a third party mediator. This individual is not associated with your estate or your attorney, which means they can mediate without bias. This meeting can be documented and provided along with your Will so that when your estate goes into probate, beneficiaries cannot contest or create a long, drawn out court room drama. Choose Wisely When you make your decisions on your estate, what motivating factors push you to select your beneficiaries? A lot of individuals will automatically select their children, but in some instances, children are not the best option. This is especially true when a person needs to pass along the succession of a business. Therefore, when you make your decisions for beneficiaries, choose wisely and choose with caution. Consult your estate planning attorney for any questions you have regarding your estate and trust in their knowledge. Your estate planning attorney has the experience required to take care of your estate and ensure that your loved ones are protected long after you are gone. Experienced estate planning attorneys Brooklyn NY of the Minko Law Office offers estate planning and business planning resources to residents of Brooklyn NY. To learn more about these free resources, please visit www.minkolaw.com/ today.
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