If you are like many people, you probably plan your estate for your loved one’s future. However, sometimes, estate planning can result in conflicts. Often, relationships can get ruined because of money. Your loved ones may get along fine now but, they may disagree over matters, especially if you are no longer around. Because of this, you must come up with a plan, so those you will leave behind will not have conflict over your legacy. To help you realize your plans, you need the services of an experienced estate planning attorney San Antonio to make sure your estate will be managed based on your wishes. The following estate planning tips will help prevent your loved ones from fighting over your estate:
Resolve Current Family Conflicts
Family conflicts that remain unresolved will come to the surface following your passing. Family disputes can become ugly court battles. Therefore, you must take efforts in resolving current family conflicts as early as possible. You can also deal with them later as long as you build safeguards to reduce them.
Be Clear About Your Wishes
A lot of disputes among family members in San Antonio arise due to the failure of the creator to communicate their wishes. For example, should you pass away without specifying the way you want your assets to be handled, one of your beneficiaries may wish to sell their assets while another may wish to keep them in the family. Such disagreements could tarnish the relationship that used to be intact.
Family members can have conflicts when one claims they were promised to get certain assets; however, estate documents say otherwise. It is a good idea to take photos of items with sentimental value like heirlooms, furniture, or jewelry. Then, list the people who will inherit these items in your will.
Ensure Your Trustee is Not a Family Member
Appointing a member of your family as the estate executor or fiduciary can be a mistake. If a family member manages your trust, other members may not agree to it and will make unreasonable claims in the future after your passing. Because of this, you may need to designate an objective expert who has no legal or family interest as your trustee.
Meet With Your Loved Ones
After developing a San Antonio estate plan, meet with the members of your family, so you can communicate your wishes clearly. Talk to them about your estate plan in detail. This way, no family member will be resentful when they only learn later that someone inherits money from you.