The estate planning decisions you make ensure your final wishes are fulfilled and your assets are distributed as you see fit. Unfortunately, surviving family members do not always agree with the plans their loved ones lay out. If you have concerns about your children disagreeing over the inheritance you leave for them, here are some steps you can take now to prevent future conflicts.

Avoid Surprises

One major cause of sibling animosity is a surprise in their parent’s will. For instance, one of your children may think they will inherit a certain asset, such as a classic car, only to be surprised when another child is declared the beneficiary.

To prevent such issues, have candid conversations with your children about who will receive what and why. If desired, you might also ask them about any important family heirlooms they want.

Parents are sometimes surprised to learn which sentimental items are valued most by their children. Designating a recipient for such possessions now could prevent issues later on.

Aim for Fairness

There will likely be some assets that all your children would be glad to have. If you have a sought-after asset, such as a vacation home, and cannot split it up among your children, try to be fair about who receives it. Some parents choose the oldest child by default.

No matter who receives it, consider making estate planning decisions that reimburse your other children in a different way. For example, you could provide a monetary inheritance of equal value.

Plan Early & Revise When Needed

One of the worst mistakes a parent can make is thinking it is too early for estate planning. Leaving behind assets with no instructions on how to divide them is sure to create conflict. You can never plan too early. You are much better off having your intentions documented now and revising them as needed.

For detail-oriented estate planning assistance in Reedsburg, WI, turn to LaRowe Gerlach Taggart LLP. This law office brings more than 175 years of combined experience to each case they take on, whether you need will preparation services or legal help to navigate a family or criminal law matter. Find out more about their approach to wills and other estate matters online, or discuss your needs with an associate by calling (608) 524-8231.