3 Tips to Avoid a Family Dispute Over Your Will

A will does not always guarantee that your family members will get what you want them to get from your assets. If there is a dispute over your will, it will go through probate and will undergo a court proceeding. The court will decide what to do with your estate.

1. Put some of your assets in a revocable living trust

There are a lot of benefits to having a revocable living trust. You can avoid taxes and you can still use your assets in the trust while you are still alive. But here’s another benefit – it can potentially prevent others from contesting it. 

You can appoint beneficiaries to your living trust. When you die, the trust will automatically go to your beneficiaries, so they won’t undergo the usual probate process.

2. Understand the dynamics of your family

Who is more likely to contest the will? It’s important to know what could possibly happen after you are gone, so you can prevent them from happening. You can patch things up if there are existing disputes in the family or talk to family members who might be a problem later on.

3. Make sure the will is properly executed

Choose a good executor for the will, one that you trust, and one who has the right skills needed for the job. It doesn’t have to be an immediate family member but someone you know can oversee the execution of the estate.

Hire lawyers in Vancouver to help you plan your estate. Experienced estate lawyers in Vancouver such as Lakes, Whyte LLP will make sure that you are not committing errors that can lead to probate.

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