From tough decisions that have to be made while creating an estate plan to hurdles that surface once a loved one passes away, there are many legal considerations for people who are dealing with estate planning and probate matters. Unfortunately, some of these matters can lead to bitter disagreements that often involve family members, such as a sibling. There are a number of reasons why families in New York may run into these problems and in this write-up, we will look at how they can affect sibling relationships.
For beneficiaries and those who have been put in charge of an estate plan, there may be a number of reasons why a dispute arises. For example, sometimes beneficiaries believe that they were not given property which they were entitled to, placing the blame on the executor of an estate. With this in mind, there are also executors who are wrongly accused of violating their fiduciary duties, whether someone accusing them of wrongdoing does not understand how the process works, is not aware of what they were supposed to receive or even intentionally accuses the executor of abusing their duties because of hard feelings.
Regrettably, these disputes can have lasting consequences for siblings, causing them to drift apart or even resent each other. It is vital for you to be mindful of these potential challenges if you are going through a sibling dispute involving an estate plan, regardless of which side you are on. You should also make sure that your rights are not violated.