By the time estate settlement becomes an issue, G2 family members are usually approaching middle age and have families of their own. It is not uncommon for family members to live long distances from Mom and Dad and from one another. Distance makes caring for Mom and Dad more complicated. Extended family or neighbors may be the caretakers. It is understandable how they could feel like estate stake holders, whether they are or not.

In order to promote peace and fairness most easily, it is wise to identify who will be directly involved and who could be a supporter. Hopefully, the G1 family members have identified the Co-Trustee, and/or Successor Trustee. The most effective way to make core decisions and reach peaceful resolutions is to involve only the individuals named in the trust or will, without their spouses or other family members. Siblings’ spouses and grandchildren can be a great support but, only in rare circumstances should they be included in the decision making process.

Is a stepparent named in the Will or Trust? Are any stepsiblings included in the estate settlement? Do you have a relationship with them? When step or blended family members are involved, there is an even greater need to use the Eight Essential Elements for Peaceful Estate Settlement in order to build and/or preserve relationship.

1. Identify the Parties Involved
2. Begin The Conversation
3. Build Trust
4. Competency of Trustee & Advisors
5. Element Five: Design Your Alliance for Family Meetings
6. Build A Team
7. Meet Regularly
8. Plan Fun into the Process
Conclusion