Believe it or not, regardless of how much money may be on the line, family division can arise in the closest of families upon someone’s death.
However, a well-crafted estate plan can do much to limit such division. While a Last Will and Testament is better than nothing, such estate planning requires court oversight, including expense and delay, which can lead to derisive situations.
On the other hand, if you have incorporated a revocable living trust into your estate plan, such planning has a better chance of maintaining family harmony, as the courts do not have to be involved and everything can be handled privately and expeditiously.
To learn more about some of the benefits of revocable living trust-based planning, please read this informative article.