Don’t Be Afraid to Discuss Estate Plans With Heirs
April 13, 2014
Estate planning and the very notion of wills and trusts can be extremely loaded issues. In many cases, when facing the prospects of a loved one dying and divvying up their belongings between friends and family members, grudges and grievances can turn into legitimate fights and wedges.
There are many ways to help prevent this, but by far one of the most effective ways to foster acceptance is to gather together all your loved ones that are involved and discuss the estate plan with them.
How everything is planned out might still upset some individuals, but being able to hear the plan from their loved one’s mouth rather than an impartial third-party will definitely help everyone come to grips with the situation.
You shouldn’t feel as if you need to justify your actions to your heirs, but you could also use the time as an opportunity to make adjustments to the will. For example, if family members are expressing concern over who is getting what, you could use it as a chance to find out how your loved ones feel about their inheritances.
Keep in mind, though, that the ultimate decision is yours, and that you should not let things devolve into arguments. It’s natural that some of your heirs will disagree with your choices, but despite their input, how you want events to unfold is ultimately the only thing that matters.
Hopefully you have found this information useful, and if you ever have any questions or concerns about estate planning, do not hesitate to get in touch with a skilled attorney right away.