U.S.News & World Report
July 17, 2012
Experts say a will alone is insufficient to prevent family squabbles
An elderly woman on her deathbed has an estate worth $400,000. She has four children and a will stating that she wants each child to receive 25 percent of her assets after she dies.
The situation seems simple enough: The woman has a legal document in place—a will—that contains specifics on how she wants her estate to be passed along to her children. But according to estate-planning experts, this woman’s death could kick off a long and expensive legal process that often turns ugly. Fights over inheritance can cause rifts in families that are sometimes impossible to heal, these experts say.
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