PLANNING IS THE BEST WAY TO AVOID INHERITANCE CONFLICTS

Money has a tendency to make people do things they might ordinarily not do. For example, even the closest of family members can get into disputes about an inheritance. This is especially true where the decedent failed to make their wishes clear in their estate plan.

People who have accumulated assets during their lifetime can take steps to help avoid conflicts when it comes time to distribute their assets among family members and other beneficiaries.

Planning is the most effective way to minimize the risk of inheritance conflicts. Thus, the person with assets should begin their estate planning as soon as possible.

Not only is it important to begin setting up an estate plan, but the person whose assets are at issue should also discuss this plan with their heirs. If the person's family members know and understand the plan from the very beginning, they will not be surprised by the estate plan once their loved one is deceased. Thus, the family can work out any potential disagreements while their loved one is still alive and can explain the plan.

At the law firm of Rignanese & Associates we concentrate on estate planning. We understand the disputes that can arise when estate assets are involved. We work with our clients to set up plans that are legally sound and can help to prevent future disagreements among heirs.

Please reach out to us at 141 5th Street NW, Suite 300, Winter Haven, Florida 33881 at 863.294.1114.

Established in 1991, Rignanese & Associates is available to work with clients on their legal needs.

On behalf of J. Kelly Kennedy, Attorney/CPA, PLLC, which has been acquired by Rignanese & Associates, PLLC.