Unfortunate battle over the estate of a man of peace, Martin Luther King Jr.
Posts Tagged: will contest
Unfortunately, there is nothing you can do to guarantee that there will be no fighting among your loved ones after you are gone. There are plenty of difficult emotions to… Read More »
The quaint little house Steinbeck called “my little fishing place” is the focus of a long-running and bitter family estate battle, pitting the surviving sister of the author’s third wife, Elaine, against his oldest son and a granddaughter. Even the best planning can’t prevent all conflict, but there are things you can do to discourage it.
A scenario that plays out far too often: a parent’s intended beneficiaries lose most of their inheritance to the IRS, court costs, and lawyers. This recent Tax Court case provides a cautionary tale about the perils of incomplete planning.
The good news is, these folks have plenty to fight over and the lawyers are going to make a ton of money. The bad news is, when people fight over estates, the lawyers often end up being the only winners.
Proper estate planning can discourage “unharmonious” family members from fighting over your estate after you are gone.