Talking to beneficiaries about your estate plan

When it comes to estate planning, there are many different types of challenges that people encounter. Some have difficulty deciding whether to set up a trust or will, while others may be struggling with disagreements over how their loved one’s property is divided or allegations of breaching fiduciary duties. However, you may be unsure of how to talk to your loved ones about your estate plan. At Joseph A. Ledwidge, we are aware of the different reasons why this may be tricky.

On the one hand, you may be worried about how some of your beneficiaries will receive news that your assets are being distributed in a certain way. Or, you might be hesitant to even bring this discussion up in the first place due to family dysfunction, or other reasons. When setting up your estate plan, it is vital to make sure that your property is protected and will be split up according to your wishes. If possible, you may want to look into ways that you can reduce the likelihood of hard feelings or disputes among your loved ones. Unfortunately, this cannot always be avoided.

For some families, discussing relatively simple matters, such as what to prepare for dinner, can be difficult enough. However, it might be very helpful for you to set aside some time to go over these issues with your loved ones. If you navigate to our estate administration section, you will be able to gain access to more on creating an estate plan and similar considerations concerning this area of law.