Estate planning can be challenging for a multitude of reasons, whether you are unsure of who to name as the executor of your estate or you cannot decide which type of trust will best suit your individual needs. However, there are other complications that may arise within a family, such as sibling rivalries over estate matters. There are many different causes of bitterness and disagreement between siblings when it comes to trusts and wills, whether they do not agree with the way in which property was distributed or responsibilities were assigned. For example, multiple siblings may want to serve as the executor of an estate.
When you are setting up your estate plan, you should try to be mindful of a potential rivalry between your children or grandchildren, if you are concerned that such an issue will arise. Sometimes, these disputes simply cannot be avoided, but there may be ways to minimize the extent of a rivalry, such as talking with your beneficiaries and explaining your decisions. Some disagreements may arise simply because of confusion. However, it is not always necessary to talk about these issues with loved ones and may not always help, so it is important to keep in mind that every family and situation is unique.
Disagreements over estate matters can lead to a rift in the family, which underlines the importance of working through the estate planning process carefully. Visit our wills and trusts section if you would like to read more with regard to creating an estate plan.