Mar 05, 2015

Family discussion about estate plan could avoid disputes

Having a frank and open discussion with your adult children about your estate plan may feel uncomfortable, but it can be an excellent way to diffuse future tensions, says Toronto trusts and estates lawyer Mary Wahbi.

Wahbi tells that if an adult child understands the rationale behind a parent’s plan and is given an opportunity to discuss it, it may alleviate disputes that could occur after the parent passes away.

She says a family meeting, conducted in a respectful way with opportunity for discussion and exchange of ideas, is more likely to result in children respecting their parent’s wishes and eliminating disputes.

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Photo Credit: Karen Roe