Thought of the day 593

October 1, 2015

Parents should do everything possible to orchestrate a consensus among children (or other beneficiaries) by whatever means possible, including open communication, transparency, fairness, equality, and where necessary, assertion of moral authority or other tactics, family meetings with the estate planning attorney, or even mediation, to resolve grievances in advance of an incapacity or final administration of the estate.  Why?  To preserve the integrity of the family and avoid the financial depletion of the estate due to conflict.