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Get The Legal Help You Deserve
586-731-7400
586-333-HELP

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How can you reduce inheritance conflict?

On Behalf of | Mar 15, 2022 | Probate |

Though you ideally wish for your children to come together and support each other after your death, this is not necessarily always the case. In fact, in many families, brutal inheritance disputes can rip people apart, ruining relationships for years or even a lifetime to come.

By taking extra steps during your estate planning, it is possible that you can reduce the possibility of these disputes happening, though.

Avoid uneven asset distribution

AARP looks into the reduction of inheritance conflicts. First, one of the strongest things they suggest is to distribute your estate equally among all of your children. This is the best way to reduce the chance of a child feeling left out or like they got the so-called short end of the stick.

Sometimes, you may have a good reason to give unequal distributions of assets to your children. However, you can often find ways around this, too. For example, if one of your children needs more financial support than the others, you can give them monetary gifts throughout your life while you are still alive to avoid having an unequal will.

Communicate your intentions

Next, it is important to communicate in advance. Share your plans with your children well before you are at risk of dying. If you wish to name one of your children the executor of your estate, get your children together and explain this decision-making process in advance. This can help reduce unpleasant surprises and hurt feelings later down the line.

You may want to discuss things with your legal help as well, as they may have suggestions for how to reduce this conflict even further.