If only all families were perfect: If everyone got along perfectly and agreed on everything, then there would be no need to worry when creating your will. However, no family is perfect. Siblings and other relatives who usually get along just fine may come to loggerheads when it comes to a loved one’s estate.
When creating your will, you may find yourself pulled in different directions by the people you love. You want to satisfy everyone, but you know that this is impossible. When you are planning your estate, these are a few helpful tips that you can use to avoid family feuds.
- Think carefully about your executor
The executor that you designate will have a major impact on your family dynamic. Rather than choosing someone based on family hierarchy or their relationship to you, select the person who would be the best fit. They should be ethical, detail-oriented and diplomatic.
- Choose the right beneficiaries for your property
Large, expensive assets are not necessarily the most contentious among family members. Small personal items can trigger arguments as well. Your will should include sentimental family heirlooms as well as valuable assets. By addressing small items in your will, you can circumvent many potential arguments among your beneficiaries.
- Make it legally enforceable
Some people attempt to make their own will, but this can be a mistake. If your will is not legally sound, then the court may not uphold it. It is wise to work with legal counsel to ensure that your will complies with the law and will stand in court. Then, if a relative tries to dispute it, their arguments will not hold up.
- Give money to charity
It is important to you to provide for your loved ones’ futures. However, some family members may try to obtain more than their fair share of your estate. Others may be irresponsible with money. One way to address these issues is to give a portion of your estate to charity. Select an organization you support, and leave some of your estate to them.