Cassady Law Offices, P.C. - Las Vegas Estate Planning Attorney
Call for a free consultation

Communication can help avoid common estate planning issues

Nevada residents who are looking into estate planning may wish to know some of the common issues that come from not discussing it with those who will inherit. Being open about the details of the plan can avoid many issues down the road.

When parents fail to provide enough detail in their estate plan or don't discuss these plans with their children, infighting can begin when the estate is eventually divided. Statistics show that nearly one-third of parents don't have these detailed discussions about their inheritance plans with their children, and 10 percent don't discuss it at all. What this fails to address is the fact that children don't look at inheritance as money, but rather as a measure of how their parents valued their love. When siblings receive different amounts of inheritance, this can lead to one child resenting another due to them feeling less loved by their deceased parent.

Details and discussions can also help to avoid other inheritance issues. When an estate is left to children without detailing who gets what personal property, siblings often fight over particular items that may hold sentimental value for them. Failure to pay attention to the details could lead to disinheriting children, such as when there is no named beneficiary to a trust. The more attention to detail that is put into the estate planning documents, the less chance there is that families will argue over particulars at a time when they may not be equipped to have those arguments.

An attorney may be helpful in explaining the details of the estate planning process, as well as discussing the plans with the person's family. The attorney may be able to help with wealth protection and minimizing taxes, as well, through the drafting of a comprehensive estate plan.

Source: Daily Finance, "Avoid These Estate Planning Nightmares", Michele Lerner, August 20, 2014

No Comments

Leave a comment
Comment Information
Email Our Team

More Questions? We Have Answers.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Las Vegas Office
10799 West Twain Avenue
Las Vegas, NV 89135

Toll Free: 800-557-6423
Phone: 702-706-1083
Fax: 702-650-5561
Las Vegas Law Office Map

Henderson Office
2425 W. Horizon Ridge Pkwy.
Henderson, NV 89052

Toll Free: 800-557-6423
Phone: 702-706-1083
Map & Directions