Speak with one of our attorneys today.
Phone: 425-776-3191

Our Practice Areas

Estate plannng to avoid future disputes

Most people in Washington State have likely encountered someone who has become disgruntled with a sibling over a parental inheritance. Such inheritance may have been documented in a will or a trust or the person may have died intestate, without such legal documentation. Either way, the resulting feud between family members can be expensive both emotionally and financially.

According to Forbes, our society's preoccupation with improving one's financial standing is a key contributor the large number of inheritance disputes that are initiated. Additionally, it seems that not enough family members sit down with each other and have frank discussions about parental estate planning wishes.

Such open conversations may well be some of the most difficult for families to have but may be extremely advantageous as they potentially pose the best prevention for post-death arguments. Additionally, these conversations may need to happen over the course of time to allow for changes in a person's or a family's situation.

As explained by AARP, the general economy may factor into a person's choice to dispute a parent's will or trust. In a bad economy, for example, people may believe that such a dispute could help them improve their situation. They may also want to avoid financial responsibility for assets such as vacation homes when times are tough. In a good economy, the value of some assets may be of special interest to adult children. Some siblings have found that creating a legal contract detailing how they will co-manage assets can be a helpful way of avoiding conflict.



No Comments

Leave a comment
Comment Information

Contact Our Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Riach Gese Jacobs, PLLC
7331 196th Street, SW
P.O. Box 1067
Lynnwood, WA 98046

Phone: 425-329-7857
Phone: 425-776-3191
Fax: 425-775-0406
Lynnwood Law Office Map