The death of a parent is devastating, and each individual has their own way of grieving and coping with such a loss.  As if these emotions aren’t enough, then comes the will and inheritance to complicate things. Research from Ameriprise has shown that 70% of sibling conflict arises over issues similar to inheritance, with only 33% of these conflicts resolved.

One of the biggest questions I answer is how to prevent sibling conflict over inheritance during the estate planning process as a Raleigh estate planning attorney? So, let me answer that question for you!

How can sibling conflict over inheritance be avoided?

  • Proper Planning. Past grievances can all of a sudden seem fresh if siblings are forced to address such a delicate task on their own.  Emotions are at their highest at such a time and one of the best ways to lower the chance of conflict amongst family members would be to plan properly.  This is why having assistance from an estate planning attorney with extensive experience would be the best option.
  • Communication. As a part of planning, parents should engage in open and honest conversation about their intentions and expectations when it comes to beneficiaries. If all family members are updated and on the same page, it will make such a difficult time a little less stressful for all, and possibly avoid conflict.  Families should consider discussing how siblings will share in taking care of their parents and define clear responsibilities to ensure that everyone agrees with an equal workload.  Holding a family meeting where parents can share their reasons behind their decisions could be of great benefit in the future.

Family members may find it difficult to have these types of conversations with those they love.  This is why it can be of great benefit to engage an impartial party to help parents and siblings ease into the process. Initiating conversation sooner than later is best.  Children may perceive their parent’s love for them based on a parent’s decision about who inherits what.  Take early precautions and help your family prevent conflict by having a well thought out estate plan to set clear expectations when it comes to distributing your assets after death.   Contact Thornton Law Firm in Raleigh today!