Avoiding conflict during estate and asset division

Despite the precautions and careful planning that many people undergo when creating their will, familial conflict is still a possibility. The risk of family disputes is heightened when vague statements are used instead of detailed guidelines. With active measures put into place ahead of time, individuals planning their wills in Minnesota can create an agreement that is fair, concise and understandable.

According to Psychology Today, there are some valuable tips that people planning their wills can follow to reduce confusion and contention between family members. These include the following:

  • Rotations: Prior to a person’s death, he or she can invite their children over to select items they wish to have as keepsakes. Using a rotation such as youngest to oldest, people can give each family member a chance to select valuables that hold sentimental meaning to them.
  • Gifting: People who have specific items they wish to leave with a certain person can do themselves a favor and gift those possessions ahead of time. Not only does it give them an opportunity to share some love, but it is a guarantee that certain items get to the intended recipients.
  • Communication: Folks planning their wills can avoid a great deal of post-death contention by simply communicating with family members. They should try their best to find out who wants what and then allocate accordingly.
  • Instruction: Sometimes, when planning a will, a person anticipates contention and disputes between certain family members. When this is the case, everyone can benefit from the writer’s decision to include explicit instructions that leave nothing to personal discretion or interpretation.

The New York Times reminds people that often, the worse thing they can do, is to rely on family members to make their own arrangements and allocations following a death.   

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