What is the best way to leave an inheritance for your children in order to avoid court battles?
While there is no right or wrong way to leave an inheritance for your children, there are some good ways to avoid messy court battles over it.
The best way to leave an inheritance that avoids this mess is through a trust. A trust allows you to keep control of the money and decide who will receive it. You can leave instructions in the trust about how the inheritance should be divided among your beneficiaries. This will prevent future fights because the instructions are explicit, and there is no question about what you meant by them.
Another good way to avoid court battles over your estate plan is to talk with your family about what you want before you begin writing your will. If you have done this, then there won't be any questions about what you intended after you pass away.
The best way to avoid an estate court battle is to have a good estate plan in place. However, the cost involved in doing this might be prohibitive for many people. What then is the second best way to avoid a court battle over your estate?
In order to avoid a court battle over your estate, you need to be clear about your financial situation before you die. If you are in debt and do not have a will, your estate will likely go through probate which can cause arguments between family members over who gets what. Also, if you decide to give away everything and die with nothing, your children could potentially sue each other for their inheritance. To avoid this situation, you need to have a will and make sure that the terms of the will are clear and unambiguous.
When you are ready to create a great estate plan or if you need to administer an estate, call this law firm for a free consultation.
Parklin Law LLC
5772 West 8030 South, Unit N206
West Jordan, UT 84081
(801) 618-0699
https://parklinlaw.com/do-children-have-a-right-to-inherit/
