When thinking about your California living trust, your Will, a durable power of attorney for property management and the advance health care directive, you may be considering who will be the guardian of your minor children, who will be the trustee of your living trust, how you want your assets distributed and on what terms will their beneficiaries receive certain assets. Have you overlooked your family dynamics? Here is a partial list of some of the issues which can cause family feuds:
One area that can be a big issue after death is the family home.
Another is the choice of a successor trustee (the individual who will administer your trust after your death, pay the bills, and distribute the assets).
Another potential problem area is in situations where you have loaned one of your children money during your lifetime.
Finally, what about the distribution of personal property among family members?
So when you create your estate plan, consider how your family is going to react when the terms of your trust, will, power of attorney and advance health care directive are implemented. This may require an experienced estate planning lawyer to carry out your wishes in drafting the plan.