Even with well-drafted trust documents, a carefully written power of attorney and prepared and competent trustees, disputes can still arise that land an adult's assets in Probate Court.
"Unfortunately, anyone can sue anyone by paying a small filing fee," said Joseph McCabe, a Phoenix estate-planning attorney.
If you get drawn into a fight over the care or money of a parent or other loved one, legal and financial experts say there are steps you can take to protect the relative, limit the costs and end the disputes. You might start with something as simple as a conversation.
• Stop, listen and compromise.
"It is all about communication," said Lisa Price, owner of a Yuma fiduciary service and past president of the Arizona Fiduciary Association. "Some people's initial reaction is to file a lawsuit instead of having a conversation."
Full Article and Source:
In a Family Fight, You Can Ease the Pain
2 comments:
This is one of those PR pieces out to quash the reform movement in TX isn't it?
But, yes, a good point is made: Mediate, don't litigate!
Interesting that the article says "disputes can still arise that land an adult's assets in Probate Court."
Yep, that's what it's all about - assets. And the opportunity for fiduciaries to cash in.
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