Avoid estate plan conflict by taking these steps as early as possible.
When estate planning, it may be inevitable that you face some family conflict while drawing up your plans. Your experienced estate planning lawyer at The Millman Law Group has seen it all before and understands that estate planning is naturally an emotional task that can inspire strong feelings in people. However, there are ways you can deal with and even avoid estate plan conflict. Read on for a few tips on how to begin estate planning with your family with an experienced and trustworthy lawyer on your side.
Start the Conversation
The topics of death and money are inevitably tied up in estate planning. These topics can be challenging to bring up with your loved ones, but they cannot be avoided. To allow people to prepare themselves for these difficult discussions, we recommend scheduling a family meeting and giving folks a heads up about the topic ahead of time. This way, people can prepare for the discussion and even bring up early concerns.
State Your Estate Plan Goals
When setting the tone of this conversation, you may begin by stating your estate planning goals. If you don’t know what they are, you should definitely start thinking about them. The benefit of working with a knowledgeable estate planning attorney is having someone to help you create the right plan that suits your needs, rather than a generic plan you may find online. When creating an estate plan, you will want to consider:
- Do you have a family business you wish to pass on or sell?
- Do you have emerging health issues you want to plan care for?
- Do you want to leave behind any college funds for grandchildren?
- Who should inherit your vacation home?
You will have to consider numerous questions when assigning beneficiaries for your assets. You can try to avoid estate plan conflict by laying out your wishes for your plan and listening to input from your relatives. You don’t have to be swayed by their arguments, but understanding where some people may have concerns may help you realize a blind spot in your estate plan.
Planning for The Hardest Part
The most difficult part of estate planning may be talking about your end-of-life care and funeral plans. However, it is critical to share your plan with your close family members, especially if you assign a family member to be your personal representative, or executor, of your will or grant anyone power of attorney.
While these discussions may be difficult, these discussions should happen now rather than later. Fortunately, when you work with The Millman Law Group, we can carefully explain the benefits of various estate planning decisions and documents to both you and your family.
Estate Planning Made Easy With Millman Law Group
Millman Law Group, PLLC is rare because it’s one of the only law firms that offer life planning in South Florida. From life care planning to the preparation of detailed estate plans, Millman Law Group has committed to serving Floridian elderly communities in Boca Raton, Palm Beach County, Ocean Ridge, Hillsboro Beach, and many other areas since 2018. Our dedicated team also specializes in special needs trusts and catering to any age demographic because we know for certain it’s never too early to start preparing you and your family for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, Linked In, and Pinterest. You can also contact us at 561-463-6480.