A recent article on estate planning laws in the Minneapolis St. Paul Business Journal titled Law Firms See Increase in UNESCO feud discuss increased litigation generation transfer. That is how much of the family fortune is estimated to transfer arms as the baby boom generation passed.
Funds for these lawsuits came from the estate of protecting your legacy. As a sign of the coming of this, the legal community is currently preparing. Two of Minnesota’s largest law firms have formed a specific trust and estate litigation department. Ten to twelve teams of people with probate litigation or background. Other companies are sure to follow.
What can be done to minimize the types of litigation in planning your estate law?
Take real out of court to begin with. If you have a Will, your estate will go to court. A Will is a road map to the probate court, it does NOT avoid probate.
Use canceled Living Trust for a major estate planning documents you. Trust withdrawn keeps your processes, paper and personal terms. There is no forum to complain unless the person takes affirmative action to create forums in court. It costs money and can be hard to do. Often after the death of trust administration can be resolved before they may complain to know what was going on.
Some final words:
Make sure you do proper estate planning laws now. Planning the death of sleep raised his eyebrows and suspicions.
Talk with your adult children about your plans. The lack of communication during life after death often causes problems.