12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

How to Prevent Family Feuds over Inherited Properties in Deckerville, MI

How to Prevent Family Feuds over Inherited Properties in Deckerville, MI


Families are forever, and I wondered if the slogan was meant as a promise or a threat.
 
- Brady Udall


Feuds over inheritance can be hard to mend but easy to prevent, if you have prepared earlier for that day when you are no longer around.

That preparation can define the moments when your loved ones, devastated by their loss, will still be speaking to each other after you are gone. Making a will or any type of estate planning documents, can be done at any age. It is never too early. Illness or accidents can occur at any time. Even for young parents, making a will that indicate a guardian for their little ones can be a source of peace that they will be taken care of. Absence of a will, forces the court to appoint a guardian and they might not be familiar enough with the family to select the best person that will have your children's best interests at heart.

Most families behave in a civilized manner. However, when a will is revealed there is a lot at stake and emotions and a sense of entitlement can cause conflict. It's a sad reality, but parents should never assume that their children will behave with goodwill towards each other. The presence of spouses can fuel the feuds even further. They might not have as much of relationship bond with the other inheritors. To avoid these squabbles from happening, you have to get your affairs in order.

Simple Steps to Prevent Future Bickering among Family Members

• Select the Right Executor. Pick someone who is honest and hardworking, well-organized and a good communicator. Parents can sometimes have a preference for the oldest child to be their executor even if he or she is not suited for the job. When picking someone to be an executor, selecting a good communicator that will update the heirs about the events and developments can lessen the suspicions and apprehensions that might be brewing among the family.

• Choose a lawyer that is independent of all the heirs. Choose a lawyer who has no direct connection with any of your beneficiaries. To keep it confidential, visit your lawyer alone, with no beneficiaries present, for maximum privacy. Explain all your concerns and express your wishes freely - whatever and whoever pleases or displeases you. It would help your lawyer to know your honest wishes.

• Avoid Surprises. Surprises can be pleasant or unpleasant among the members of the family. Some may have been pleased with the allocations they were bequeathed and others may be disappointed. These feelings of being slighted or hurt do not mean they are greedy, they are mostly upset by the fact that they will never know the reason that their expectations were not met. These feeling can fuel suspicion and anger. In order to lessen these disappointments, it would be better if they were told, while you are still alive, the reasons behind your final wishes. They may not understand you or agree with you, but the clarity of your wishes can help them come to terms with the outcome.


• Keep all Estate Planning Documents Up to Date. Whenever you have a major life change, update all your estate planning documents, such as wills and/or trusts, and update your beneficiaries. You have to review these documents from time to time, in order to make sure that they reflect your current wishes. Updating your documents can show that you are actively taking control of the process and are not unduly influenced by other people.

• Be Careful with Joint Accounts for Administrative Convenience. Making a family member a co-owner on a bank account for the sake of having someone sign checks or help manage the account are fairly common. This can make the family member a full co-owner of the account with all the rights to keep the money when the original account holder dies. This can be a source of dispute among other heirs because they might expect to get a part of the money in the account. A simple alternative is to appoint someone your trust with a Power of Attorney. This person has legal duty to act on your behalf, including writing checks but won't inherit the money in the account after you pass away.


• Specify the Disposition of Items of Sentimental Value. Personal belongings bequeathed to a number of beneficiaries that has "in equal shares" clause can lead to confusion and bickering among these inheritors. What is an "equal share" and who decides? It may be impossible to distribute equitably. Specifying beneficiaries for each item is one solution. Another is to give the executor the responsibility of dividing the personal effects or make an auction of all items not agreed on.

Planning in advance and following these simple steps can help prevent families from being torn apart and keep family ties close, after you are no longer around.

 
Personalize & Print a Free MI Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free MI Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Deckerville, MI
Jennings Law PC
4233 Red Arrow Hwy
Stevensville, MI 49127
(269) 429-9999
Attorneys,  Adoption Law Attorneys,  Family Law Attorneys,  Probate Law Attorneys,  Wills, Trusts &
Dean F Eldon
1370 N Oakland Blvd # 110
Waterford, MI 48327
(248) 666-9880
Attorneys, Criminal Law Attorneys
Ford, Frank B
5944 Dacosta St
Dearborn Heights, MI 48127
(313) 565-9289
DUI & DWI Attorneys,  Attorneys,  Traffic Law Attorneys,  Criminal Law Attorneys
Vihtelic James W
24624 W Warren St
Dearborn Heights, MI 48127
(313) 562-9260
Attorneys, General Practice Attorneys
Lillian Diallo
65 Cadillac Road, Ste 3610
Detroit, MI 48227
(313) 719-8819
Criminal Law Attorneys, Attorneys, DUI & DWI Attorneys
Isgrigg John PLC
6515 Highland Rd
Waterford, MI 48327
(248) 886-8622
Probate Law Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Business Law Attorneys,  Elder
John P Ternes Atty
319 S Lake St
East Jordan, MI 49727
(231) 536-7910
Elder Law Attorneys, Attorneys
Scott Anna M
2487 S Michigan Rd
Eaton Rapids, MI 48827
(517) 663-7909
General Practice Attorneys, Attorneys, Legal Service Plans
Hurwitz & Gantz PC
8283 N Telegraph Rd Ste 1
Dearborn Heights, MI 48127
(313) 278-7030
Attorneys, Legal Service Plans
Borowsky Victor & Associates
23500 Ford Rd
Dearborn Heights, MI 48127
(313) 278-6500
Probate Law Attorneys,  Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Real Estate Attorne
Law Office Jospeh P Saulski PLLC
6515 Highland Rd
Waterford, MI 48327
(248) 666-6004
General Practice Attorneys, Attorneys
Blake Marvin
8283 N Telegraph Rd
Dearborn Heights, MI 48127
(313) 562-5955
Attorneys
Philip R. Fabrizio
6515 Highland Rd
Waterford, MI 48327
(248) 666-5924
Attorneys,  Social Security & Disability Law Attorneys,  Legal Service Plans,  Administrative & Gove
JF Legal Services
7400 Highland Rd. Ste. 140
Waterford, MI 48327
(248) 383-5293
Criminal Law Attorneys, Estate Planning Attorneys, Family Law Attorneys, General Practice Attorneys
Craig Robert Law Offices
26940 Berea Ave
Dearborn Heights, MI 48127
(313) 565-5012
General Practice Attorneys, Attorneys
Bitar Daniel
24945 W Warren St
Dearborn Heights, MI 48127
(313) 278-4708
Attorneys
Fresh Start-Bankruptcy Law Ofc
23843 Joy Rd
Dearborn Heights, MI 48127
(313) 565-4252
Bankruptcy Law Attorneys, Attorneys, General Practice Attorneys, Bankruptcy Services, Legal Service
Frego & Associates - The Bankruptcy Law Office PLC
23843 Joy Rd
Dearborn Heights, MI 48127
(313) 565-4252
Bankruptcy Law Attorneys, Attorneys, Bankruptcy Services
Roger J Ettlinger
6515 Highland Rd
Waterford, MI 48327
(248) 624-4120
General Practice Attorneys, Attorneys, Legal Service Plans
Advanced Bankruptcy
8611 N Telegraph Rd
Dearborn Heights, MI 48127
(800) 395-4065
Bankruptcy Law Attorneys,  Bankruptcy Services,  Attorneys,  Financial Services
Rock & Borgelt
24500 Ford Rd Ste 10
Dearborn Heights, MI 48127
(313) 274-4064
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Donald M Rivard PC
24624 W Warren St
Dearborn Heights, MI 48127
(313) 565-3411
General Practice Attorneys, Attorneys
Nolan Lawrence P
239 S Main St
Eaton Rapids, MI 48827
(517) 663-3306
General Practice Attorneys, Legal Service Plans, Attorneys
Villas Gary G
239 S Main St
Eaton Rapids, MI 48827
(517) 663-3306
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US