Disputes among siblings are common, thus the term sibling rivalry. But what happens when the children grow up and that rivalry continues. The children may have the difficult task of working together in settling their parents' estate. Disagreements among the adult children can drag settlement of the affairs on for years and create bitter, costly court battles. The MLK case is one such example.
No family is perfect. But money can bring out the worst in people, and dividing up a parent's assets after death is no exception. If you feel there likely is going to be an estate dispute in your family, here are five ways to prepare.
For many families, the death of a loved one brings not only grief, but also contention and acrimony. Here are three factors that can cause contentious disputes between family members and other parties with interest in an estate:
When family members help themselves to property
The death of a loved one brings a number of legal and financial challenges, some that are expected and others that can take you by surprise.