As the executor of a Texas estate, you may be tasked with making a variety of difficult decisions after an individual dies. In many cases, you’ll be asked to keep the peace between family members who are vying for assets to which they may not have a valid claim. In some cases, disputes may arise because family members can’t decide what to do with assets that they don’t want.
Don’t be afraid to ask for help
It’s essential to remember that the death of a loved one is an emotional event. Therefore, those who are involved in disputes with siblings or other family members may not always be thinking rationally. It may be possible to end a fight in an amicable and timely manner by enlisting the help of a financial adviser or a professional mediator.
Communication is key
As an estate executor, it may be a good idea to encourage your parent or grandparent to have regular estate planning conversations with the rest of the family. Doing so may help prevent or minimize hurt feelings or resentment among those who don’t agree with that person’s decisions.
It may also help that parent or grandparent make decisions that align with the goals and values of future generations. For example, instead of keeping a piece of farmland that no one wants in the family, it may be best to simply sell it, and leave the money for a child or grandchild instead.
Working with a lawyer with experience in estate planning may make it easier to draft valid wills, trusts or other plan documents. An attorney may also work with your estate representative to resolve a will challenge or handle other legal issues. This may make it possible to carry out your final wishes in a timely manner.
