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September 13, 2018 Office News

The same personal dynamic of spite applies to wills and trusts. The daughter, made trustee by default, has problems with a sister, so distribution is delayed. The trust instrument is used as a shield to allow someone to hold on to funds for minors, instead of distributing to their parents on their behalf and other encumbrances.

As one client said, “you must have a PhD in soap opera.” I used to hear I had a PhD in grief. In my old age I’m collecting earned degrees out of life experience.

That is why it is so IMPERATIVE to plan ahead, draft the proper instruments that take into account the possibilities of sibling discord and eliminate provisions that could be used as tools to frustrate YOUR intentions and allow some family member to dominate over the rest. The Boy Scouts certainly were inspired in coming up with their motto – Be Prepared.