Give yourself peace of mind and your family peace.
Is your family prone to arguments?
Do you have a house divided?
I mean more than just divided allegiances to KU and K-State athletics.
If yes, you should take advanced preventative measures.
According to a recent article in The Northwest Indiana Times titled “Choosing an executor,” there are several steps you can take.
Work with an experienced estate planning attorney rather than attempting to do it yourself.
He or she will be able to address your concerns and specific family circumstances.
Explain your reasoning to your family in advance to avoid hard feelings.
Obtain a letter from your physician vouching for your mental capacity.
You could have your attorney record the signing to disprove allegations of coercion.
You may include a clause stating anyone who challenges the will may be completely disinherited.
This is not necessarily a fool-proof plan.
This type of clause may not be enforceable in all states.
Will challenges are quite rare.
If it is a concern for you, taking preventative measure will help your wishes be honored.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: The Northwest Indiana Times (September 3, 2017) “Choosing an executor”