3 Steps to Prevent and Avoid Fights Over Estates

3 Steps to Prevent and Avoid Fights Over Estates
A death in the family is traumatic and stressful, and something which all affected must come to terms with in their own way and in their own time. Unfortunately, it’s also usually the time during which emotions are running at their highest when family members need to come together and agree. In this ‘perfect storm’ of emotion, disagreements can quickly escalate into fights and, depending on the relative wealth or emotional value of the items and people involved, court battles.
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Considerations when Choosing Your Executor

While no one would likely characterize drafting a will as an exciting task, it certainly is an essential one. After all, over the course of your life you've built a unique legacy — one that is marked not only by your personality, character, passions, friends and family, but also by the assets you've accrued, savings, investments, charitable causes and most treasured possessions. Surely, you wouldn't want that legacy to end up in the probate courts, so you must appoint an executor to manage your will and/or estate. Designating an executor is equally important as creating a will; therefore, you must exercise just as much careful thought when selecting the individual who will serve in this capacity.
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Steps to Prevent and Avoid Fights Over Estates

A death in the family is traumatic and stressful, and something which all affected must come to terms with in their own way and in their own time. Unfortunately, it’s also usually the time during which emotions are running at their highest when family members need to come together and agree. In this ‘perfect storm’ of emotion, disagreements can quickly escalate into fights and, depending on the relative wealth or emotional value of the items and people involved, court battles.
Read More