A Guide to Secure Estate Planning
The number 1 goal of estate planning should be the avoidance of litigation. Estate litigation can be a formidable challenge, and it often appears more prevalent than other legal battles. Whether fueled by familial disputes or a perception of the estate as a windfall, it is essential to take proactive steps to avoid unnecessary courtroom conflicts. Discover effective strategies to safeguard your hard-earned assets from falling into the hands of estate litigation lawyers after your passing, and avoid the types of issues that arose for the Jackson and Rosenberg families.
Precision Matters: The Professional Touch in Will Drafting
While DIY will kits may be appealing, they lack the legal acumen required to navigate the complexities of a properly drafted estate plan. Investing in professional advice when drafting your will and powers of attorney is crucial. Legal professionals have extensive training and experience, and consider situations that a lay person may not think of, including a roadmap for the future. Professional drafting uses precise language aimed to limit legal challenges. Ambiguous terms in your will and powers of attorney may result in costly legal challenges that will also delay the administration of your estate. Precision in drafting will eliminate potential loopholes, to reduce the likelihood if misinterpretation.
Open and Effective Communication: A Buffer Against Disputes
A well-drafted will goes beyond legal technicalities; it serves as a communication tool. If you have deviated from expectations with your estate planning, offer explanations. Are some heirs prioritized over others, or are their people who have been omitted because of an estranged relationship? Provide clarity. While your assets are yours to distribute, communicating your intentions either before you pass or as sections in your will may help to alleviate lawsuits down the road. We often make assumptions about people’s circumstances and act based on those assumptions. Verifying those assumptions when doing your estate planning may help you determine the best course of action.
Guard Against Undue Influence
Undue influence is a common catalyst for estate litigation. In many instances, there will be “natural” heirs; whether a spouse, children and grandchildren, siblings and other relatives, or charities that have been consistently supported in the past. If you are feeling pressured by anyone regarding your choices with your will and estate plan, especially if they are urging you to deviate from your natural heirs, question whether that is because they are acting in their own best interest, not yours. Experts in will drafting understand the nuances of relationships and potential vulnerabilities. Professional legal representation will dig deeper if there are deviations from past behaviour to offer protection from undue influence.
“First, Do No Harm” Approach
This medical mantra resonates in estate planning. Do not let your will be an instrument to cause harm. Do not wield your assets, and your estate, as a sword. Avoid being a puppet-master who holds the strings of their estate to make everyone else dance. Such actions will only increase the likelihood of estate litigation. While you might not be able to fashion your estate plan to save the world, at the very least your estate plan should not leave a mess for those left behind.
Conclusion: Trust a Professional for Secure Estate Planning
Having a trusted professional assist with your estate plan is crucial to ensuring that your concerns are met, and the chance of costly post-humous litigation is limited. Your legacy deserves meticulous attention, and a well-crafted will serves as the cornerstone of that attention. Don’t leave the fate of your estate to chance; let your will be a testament to your foresight and a guardian against potential disputes, ensuring a smooth transition of your legacy to the generations that follow. Please contact us to help you complete your estate plan, so that you have the peace of mind knowing that your estate planning goals will be met.
