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3 ways to prevent disputes among your heirs

On Behalf of | Feb 9, 2022 | Estate Planning

You want to provide for your loved ones after your death. You do not want them to be fighting with one another over your assets.

You can create estate planning documents to give instructions to your heirs for your care if incapacitated and how to distribute your assets after your death.

Designate agents

Loved ones frequently have disputes about care and financial decisions for a relative that needs assistance. You want to appoint an agent to make decisions on your behalf. If something happens to you and you cannot handle your affairs. You should advise your heirs who you have appointed so there is no question which person can decide. You can have a medical power of attorney for health care decisions and a general or contingent power of attorney for other matters.

Execute a will

You can execute a will that designates how your property gets distributed after your death. You can avoid disputes between your heirs over who gets what property by having written instructions.

Use a trust

A will is an effective way to designate the distribution of your assets. A trust document is better because the property does not have to go through the probate process. Probate can complicate the administration of your estate due to the filing requirements and the expense. The simpler you make the administration of your estate for your heirs, the less likely they will dispute the distributions.

You can draft documents to ensure your heirs honor your intentions and avoid disputes.