Wednesday, June 5, 2013

The high cost of being unreasonable

I just came across this post on LinkedIn.  It demonstrates that when family members fight, lawyers win.  In this case, the estate was worth about $700,000.  Not a small sum, but not a great one either.  The reported legal fees for one of the parties was $200,000.  If you assume the fees for the other party were similar, then who wins?  The lawyers, of course.  The family loses in every possible way, financially and emotionally.

Estate planning is not a do it yourself project.  Anyone can contest anything, for any reason.  But, is it worth the cost? 

Trust Administration Dispute Ends Up Costly for Complainant | Elder Law Issues — Fleming & Curti, PLC

No comments:

Post a Comment