In-fighting in families over money and property is unfortunately common. Grief can impair our thinking, and greed can make us act in a way that isn’t very kind. In the end, having a good plan in place for your own death is the only way to avoid it, though this doesn’t guarantee anything. A rock-solid plan can be contested by anyone with an interest, delaying settlement and prolonging the conflict.
Common feelings contributing to disputes include differing perceptions:
- Distribution of assets not being considered fair
- Sentimental items being distributed problematically – this can be personal belongings like letters, photographs, or other items
- What the person ‘would have wanted’ – conflicting views
- How property is used and by whom
- Unethical or unfair actions by an executor
Avoiding a family feud
Family feuds can be avoided by following a few simple steps, and modern technology (the humble video) can go a long way clearing up any confusion.
- Make sure your will is up-to-date (check it every few years, and when anything changes like a birth, death, divorce)
- Make sure your will is crystal clear
- Talk to your family about what is to go where well before you die
- Write to the executor and explain yourself
- Identify potential areas that could become an issue and discuss these
- Get good legal advice – if you don’t have a lawyer, call Vanessa Ash
Get solid legal advice. Contact Vanessa Ash.