Our law firm has addressed some of the challenges that may arise with regard to estate planning, from reviewing your estate plan after a divorce to deciding which one is right in the first place. With that said, there are far more issues to take into consideration if you are setting up an estate plan, some of which may be unique to your personal circumstances and those involving your loved ones. For example, decisions that are made regarding a will or a trust could lead to hostility and arguments within a family.
Sometimes, family members are able to peacefully accept the decisions of their loved one, but others may be upset about a decision to name one person executor of the estate. Moreover, a family could experience disagreements or bitterness because of the way that someone decided to split up their estate. If you are making decisions related to your estate plan, you may want to keep these factors in mind. With that said, you should also make key estate-related decisions without feeling pressured by others in your family.
Aside from these types of disputes, family disagreements may also arise when the assets of an estate are split up. For example, someone may feel as if the estate plan was not distributed properly. If you are careful when creating your estate plan, you may be able to increase the likelihood of an optimal outcome for your loved ones. Please visit our estate planning section to go over more on creating an estate plan.