Complex Family Dynamics And Estate Planning

Some people in Louisiana may be facing challenging family dynamics while creating an estate plan. Many estate planning advisors suggest that a successful estate plan must have an element of communication with family members. Some people write a letter of intent to go with their estate plan and explain the choices made.

People should avoid creating scenarios with the estate plan that are likely to lead to conflict. One common mistake is making one adult child a trustee. This can put that person in opposition to siblings. A more impartial choice would be a corporate trustee. Some parents may want to disinherit one child entirely, but a better plan might be to leave a small amount to that child. There could be a caveat that challenging the estate plan will mean receiving nothing. Communication within a blended family may be particularly important to explain why children from different relationships may have been treated differently.