Family conflict is the biggest threat to your estate. Yes, there are other threats such as taxes, market volatility, and other government interference, but estate participant conflict is big.
Avoiding family conflict in the settlement of your estate takes work and effort. And it may even be, at first, a bit uncomfortable.
Losing loved ones is difficult. Talking about what happens when a loved one is gone can be even tougher.
Failing to communicate with estate participants while you are alive may be what leads most to estate settlement malfunction. In addition to communication, you have to get right the beneficiary and heir designations, and the fiduciary designations.
Warning: if you recognize that there may be underlying family conflict when you get sick or when you pass away, put serious effort into taking the kinds of actions necessary, such as participant education and monitoring of designations in estate legal documents, to minimize this potential for conflict.
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Louisiana Estate Planning Attorney
Phone: (225) 329-2450