623-748-4890
Lincoln & Wenk, PLLC
View Blog Navigation

Critical tips to keep heirs from arguing

You're leaving money to your kids. You don't want them to fight over it. What can you do?

Parents are often worried about this. They want to leave a legacy. They want to help their children. They don't want to create a situation of constant strife and fighting, which may tear the family apart.

One of the biggest keys is simply to communicate. You don't have to silently, secretly write your will. You don't have to guess and hope they like the decisions you make.

Talk to your kids. Tell them what you have. Tell them what they'll get. Explain your reasoning. They may not agree, but they can then calmly bring it up with you. Then all of you, as a family, can work to find an agreement everyone likes. This is far better than having kids fight over the details after the fact, when they may not be willing to budge.

It's also important, in most cases, to try to make things even. One of the biggest sources of fighting is when one child feels slighted, as if he or she was left less than the rest.

This can mean juggling your assets. If you want to leave one child your home, for instance, rather than splitting ownership between multiple children, that may work. However, you may then need to find assets of equal value that you can leave the other kids so that everything evens out on the whole.

If you're proactive about your estate planning, you can work to prevent issues in the future. Make sure you know what legal options you have and how to proceed.

Source: AARP, "How to Leave an Inheritance to Your Kids," Jean Chatzky, accessed June 21, 2017

No Comments

Leave a comment
Comment Information
Email Us For A Response

Need legal help from an attorney?
Contact us now to schedule a consultation with our lawyers

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Goodyear Office:
1616 North Litchfield Road
Suite 140
Goodyear, AZ 85395

Phone: 623-748-4890
Fax: 623-536-1984
Goodyear Law Office Map

Peoria Office:
16165 N. 83rd Avenue
Suite 200
Peoria, AZ 85381

Phone: 623-748-4890
Fax: 623-536-1984
Map & Directions

Phoenix - Desert Ridge Office:
20860 N. Tatum Blvd
Suite 300
Phoenix, AZ 85050

Phone: 623-748-4890
Fax: 623-536-1984
Map & Directions

Review Us