We have covered estate planning from different perspectives, and we understand the many different factors that should be considered when creating an estate plan as well as some of the sources of contention with respect to the administration of an estate after someone passes away. In some families, the estate planning process can be particularly complex due to multiple factors. For example, siblings may have an ongoing rivalry or they may find themselves in the middle of a tough dispute over disagreements regarding the administration of an estate.
Whether you are setting up a trust or a will, are a beneficiary or you have been placed in charge of a loved one’s estate plan, it is crucial to handle these matters appropriately. Unfortunately, disputes involving siblings can generate a considerable amount of conflict and drama within a family, and the emotional consequences of such a dispute may have repercussions that linger for years. Losing a loved one can be very difficult, and sibling rivalries can make the process more difficult for the entire family.
If you are trying to decide how to divide your estate among beneficiaries, you may want to take these issues into consideration. However, you should not feel pressured into making certain decisions because of a family member who is controlling or emotionally unstable. There are so many different topics that need to be explored with regard to the estate planning process, and you may decide to talk with your loved ones about your estate plan in order to reduce the chances of a conflict.