In our previous blog post, we discussed how the streaming rights to Prince's music are at the heart of an estate battle. This is only one example of what all might be included in legal cases regarding a person's estate. One of the best ways that you can prevent your loved ones from having to head to court is to plan your estate in a way that doesn't leave room for doubt or misinterpretation.
We know that you might have some concerns about what will happen with your estate when you die. Today is the best time to take action to make your wishes known. From creating a will to putting things in trusts and from designating powers of attorney to naming personal representatives, your estate plan is what your loved ones will use to guide them after you die.
Thinking of your loved ones going through litigation over your estate's contents isn't a pleasant thought. While you can't control how they react once you are gone, you can take the steps to lessen the possibility that they will react by filing lawsuits and similar actions.
Of course, there are still some cases that will end up in court. If your case is one of those, your loved ones will end up having to spend quite a bit of money and time on the process. Short of giving everything away before you die, you might not be able to prevent this from occurring. The only thing that you do now is to make your estate plan as clear and concise as possible so that your loved ones know exactly what you wanted to occur.