One huge difficulty that can arise when dividing up an estate involves dealing with those items that heirs consider to be priceless. There are many pieces of property that a person might have a sentimental attachment towards, like a family heirloom. The dispute over the Robin Williams estate is a perfect example of the type of disputes families often have over a deceased loved one’s personal possessions. When creating an estate plan advisers should probe for potential landmines that could go off during the probate process. There are many steps people can take to plan ahead to avoid these sorts of bitter family disputes over inheritances. Keeping families and loved ones united should be a primary goal of any estate planner.
See Karen Demasters, Priceless Inheritances, Private Wealth, November 9, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
