Law Office of Barbara J. Dibble
Call Us Today 714-515-5126
Menu Contact

Lack of retirement planning may lead to estate disputes

As you do your estate planning, one of your main goals may be to reduce the odds that your heirs will get into a dispute over the money. That's wise. These are the types of arguments that can make it so that siblings do not talk to each other for the rest of their lives.

One thing you need to consider, though, is that not all estate disputes happen because of anything that you, as the parent, have done wrong. In a lot of cases, it is the siblings who have made financial mistakes.

For instance, some have noted that the generation that is set to inherit a record amount of wealth has often not saved properly for retirement. Unless something changes, they could hit retirement age with a serious shortage in funds.

There are two things to think about here. First off, could they be neglecting their planning because they think they're going to get a big inheritance? This is problematic because their expectations may not match reality.

The second issue is simply that they'll be dependent on that inheritance, whether they planned that way intentionally or not. This can make disputes worse because they feel like they cannot back off, compromise or give in. They feel that they have to fight for every last cent because they are not going to be able to retire and take care of their own families if they do not.

When you keep these things in mind during your own estate planning, you may be able to find solutions. Be sure you know what options you have with your estate plans so that you can ease the way for your heirs after your passing.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Schedule a consultation with an attorney

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

Office Location:
1235 N. Harbor Boulevard
Suite 200
Fullerton, CA 92832

Phone: 714-515-5126
Fax: 714-871-5620
Map & Directions

Phone Numbers: