Long-time sibling rivalries often flare back up when it comes time to administer a parent’s estate after they’ve passed away. Disputes over sentimental possessions and valuable property can create significant conflict within a family, resulting in lengthy and expensive legal battles. Unfortunately, it’s all too common for attorneys to see their clients’ adult children disagree about the contents of a will. Fortunately, there are steps you can take to minimize arguments in the future. Here are a few ways to keep your children from fighting over the distribution of your assets.

How to Prevent Inheritance Disputes Among Siblings

1. Be Open & Honest About Your Plans

Holding a family meeting can help prevent sibling inheritance disputes. Gather your beneficiaries together to explain your final wishes and how you intend to allocate your assets. Give them the opportunity to ask questions and make sure they understand the decisions you’ve made serve a purpose and were well thought out. Eliminating the element of surprise can help avert future disagreements.

2. Draw Up a Detailed Will 

Be proactive about creating a comprehensive estate plan while you’re healthy and able to make sound decisions about your assets. Draw up a detailed will that leaves clear instructions as to how you want your property to be distributed upon your death. Get the help of an estate planning attorney to evaluate your situation and make sure the will addresses every issue that’s likely to come up once you pass away. 

3. Update Your Estate Plan as Necessary 

Over time, you will go through different life changes that warrant a modification to your estate planning documents. Getting married or divorced, the birth of a grandchild, purchasing new assets, and the death of a beneficiary are all events that can affect your will. As such, you should meet with your attorney periodically to review your plan and make any necessary updates to ensure your current circumstances are properly reflected. Making regular adjustments will also help to prevent future fights. 

Sitting down with a qualified attorney to carefully prepare for the future will reduce sibling conflict over the inheritance you leave behind. Cheryl A Beverson, Attorney At Law serves the residents of Orange County, NY, and has many years of estate planning experience. She can help you draft a will that not only stands up in court but also achieves the goal of minimizing potential discord between your children. Call (845) 341-0008 to request a consultation, or visit her website to submit any questions you may have about putting together an estate plan.