One of the saddest things to see is when a previously close family falls out over money. If you die without making a proper estate plan, it increases the possibility that this could happen with your family.
These are some steps you can take to reduce the chance of anyone contesting your will:
- Maintain an up to date estate plan: If you do not have one, get it done as soon as possible. Then revisit it regularly. You can make changes when circumstances change or because you change your mind. Even an imperfect plan is better than none at all.
- Explain your estate plan to your family: There is always the possibility that people will not be thrilled with your decision as to who you leave things to. If you inform your family of your intentions while still alive, you have the opportunity to explain to them why you made the choices you made.
- Consider alternative methods of distribution: You may want to consider putting some of your estate in a trust that will bypass probate entirely. You may also want to look into transfer-on-death options. That will minimize the value of your estate and keep the likelihood of a dispute among your heirs down.
Remember, there are only certain conditions under which someone can challenge a will. It is vital to ensure you record your wishes in the correct legal manner, to avoid anyone claiming one of these conditions apply. Seek the help of an experienced estate planning attorney to reduce the chance that your will causes your family problems when you pass away.
