Personal Injury Lawyers
of Long Island

(631) 801-0057

  • Home
  • Credentials Matter
  • Practice Areas
    • Personal Injury
    • Car Accidents
    • Truck Accidents
    • Workers Compensation
    • Medical Malpractice
    • Wrongful Death
    • Cruise Accident
  • Blog
  • Free Case Evaluation

February 7, 2020 by PILLI Law

Tips to Prevent Arguments Over Your Estate

When you’re gone, the last thing you want is for your family members to fight over your estate and create additional grief within the family. Unfortunately, it happens more often than you may think. Some family members, for example, might get upset if they’re not getting as much as others and get into disputes. The good news is that you can take steps right now to minimize arguments over your estate.

Select the Right Executor

Minimizing fights over your estate starts with choosing the appropriate executor. The person you select should be trustworthy, responsible, organized, and have good communication skills. He or she should take the job seriously and keep beneficiaries up-to-date with what’s happening with the estate. If your beneficiaries know what’s going on, they will be less likely to get nervous and start arguments.

Make Necessary Changes to Your Estate Plan

It’s important to update your estate plan whenever you have a big life change such as a divorce, marriage, birth of a child, or the death of a beneficiary. If you don’t make the necessary changes, your will might not reflect your current wishes and upset your beneficiaries. For example, if you get divorced, you probably don’t want your ex-spouse inheriting major property. If you don’t make the necessary updates to your will, however, he or she may receive some of your assets.

Explain Your Decisions Beforehand

It’s a good idea to inform your beneficiaries about your wishes while you’re alive. This way, you can avoid surprises and hurt feelings later on. For instance, you may plan on giving your oldest child a smaller inheritance than his or her siblings because he or she is more financially stable. If you explain your decision, you can prevent feeling of suspicion and anger when you’re gone.

Avoid Making Someone a Co-Owner of Your Checking Account

It’s not uncommon for people to add a son or daughter to their checking account when they get older. That way, the son or daughter can easily assist with managing money. However, this can end up backfiring on the owner. If you name someone as co-owner of your checking account, he or she will legally inherit all the money after your death. As you can probably imagine, this will lead to fights among the other children. To avoid these issues, name someone you trust as a power of attorney. This will allow him or her to write checks for you should you become incapacitated. 

If you follow these tips, you can help your family members avoid heated arguments after your passing. If you have additional questions, contact a reputable estate planning lawyer, like an estate planning lawyer.

Filed Under: Uncategorized

  • Home
  • Credentials Matter
  • Practice Areas
    • Personal Injury
    • Car Accidents
    • Truck Accidents
    • Workers Compensation
    • Medical Malpractice
    • Wrongful Death
    • Cruise Accident
  • Blog
  • Free Case Evaluation

LONG ISLAND PERSONAL INJURY RESOURCES

Long Island Personal Injury Law Firm
Long Island Personal Injury Lawyer
Long Island Car Accident Lawyer
Long Island Workers Compensation Attorneys
Long Island Medical Malpractice Attorneys
Long Island Wrongful Death Lawyer
Long Island Cruise Accident Attorneys
Free Legal Advice
Legal and Financial Advisor Rockville MD
Car Accident Lawyer Long Island NY
Long Island Truck Accident Attorney
Auto Accident Lawyer Long Island
Long Island Car Accident Lawyers
Long Island Auto Accident Lawyer
Long Island Car Accident Attorney
Car Accident Injury Lawyers Indianapolis IN
Who is the Top Bankruptcy Lawyer in Cypress, TX Civil Rights Litigation Lawyer Washington, D.C.
Personal Injury Blog
Denver Bicycle Accident Lawyer
Bus Accident Lawyer Los Angeles CA

Location

500 Merrick Road
Suite 200
Rockville Centre, NY 11570
(631) 801-0057

Free Consultation

Request a free consultation with one of Washington DC's premier personal injury law firms.

Request Free Consultation

No Legal Advice Intended. This website includes general information about legal issues and law practices. Such materials are for informational purposes only and should not be considered legal advice or counsel. Information may not reflect current legal standards. For legal advice specific to your needs, contact an attorney licensed in your jurisdiction. Do not rely on any statement on this website for any reason whatsoever. Furthermore, the information contained in this website is for informational purposes only. It is not, nor is it intended to be, legal advice or representation. Your review or use of this web site, its information and links does not create an attorney-client relationship or an attorney-client privilege between this law firm and you. Statements made to this firm before the formation of an attorney-client relationship may not be privileged and confidential.



© COPYRIGHT 2023 LONG ISLAND PERSONAL INJURY LAWYERS | POWERED BY Matador Solutions - Internet Marketing Company

Other Resources
American Bar Association | The American Lawyer | National Lawyers Association | Lawyers Without Borders | American College of Trial Lawyers | American Bar Association | National Association of Women Lawyers | Lawyers Associated Worldwide | Cohen & Cohen P.C. | Auto Accident Lawyer DC | Auto Accident Lawyers Washington DC