There are many bitter family arguments that often revolve around inheritance. This column discusses some of the best practices that a person should use when dividing an estate. People should make sure to keep tax considerations in mind when planning on selling assets and splitting the proceeds. Being fair about dividing the inheritance is a good way to avoid family conflict. Careful and prudent estate planning is a good way to avoid the type of probate disputes that can lead to family breakups. It is a good idea to get assistance from a professional planner when putting together an estate plan.
See David John Marotta, A lower-stress inheritance plan, USA Today, December 12, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
