Practical Experience And Legal Knowledge Guiding You

Estate disputes often involve emotional connections 

On Behalf of | May 17, 2024 | PROBATE & ESTATE ADMINISTRATION - Probate

Some estate disputes are not emotional so much as they are financial. When there are significant assets, beneficiaries may disagree about who gets them. For instance, an estate dispute could revolve around unequal bequests, where one child receives a greater portion of their parent’s estate than another. Estate disputes also often involve real estate, such as a family home or a vacation property.

But in many cases, these disputes can be solved. Financial assets can be split up. Real estate or other tangible assets can be sold, and then the money can be divided. This is what makes disputes involving an emotional connection more difficult. 

Sentimental items

People often have items within their estate that have sentimental value to their children. For instance, children may be nostalgic for home furnishings that they remember from when they were growing up, even if these furnishings are outdated. There may also be an emotional connection to family heirlooms, such as a ring or a necklace that has been passed down through the generations.

The problem with these types of items is that it’s about more than just money. The children may make virtually nothing if they were to sell the home furnishings and split up the earnings. But they’re not interested in getting the maximum amount of money out of the estate. It’s more of an emotional connection where they want an item that is personally important to them. Selling it to divide the money would still deprive them of the assets that they’re after.

For this reason, disputes often get very complex. Those who are making estate plans should try to set things up to avoid this eventuality. They must know about their legal options to do so.