Tuesday, December 2, 2014

Avoid the Drama: Plan Ahead

   Many times, the conversation about what to do when a loved one passes on is avoided. It becomes too uncomfortable to speak about, thus leaving the topic untouched. This becomes a problem later on in life as was the case with the Royals.

   For many years, children of the matriarch, Ms. Royal had tried to get her to sit down and talk about her wishes and assets once she died. They often treaded lightly on the topic because they did not want her to think they were out for their own interests.

   By the time the topic should have been discussed, it was too late. Ms. Royal had a stroke and the drama ensued. Fights about living arrangements, competency and power of attorney broke out.

   The Royals ended up in court. Three of the eight children Ms. Royal had refused to speak to the remaining five who took care of their mother. Amanda Brown’s film Black Heirlooms takes a look at her family’s fight over her grandmother’s estate. It looks at racial wealth gap issues and the problems not planning ahead pose.

   Thinking about long term care and estate planning is the best way to show your family you care. Prevent family feuds and have everyone be together during a difficult time.


Contact the Law Office of Inna Fershteyn & Associates, P.C. 
for your Estate Planning Needs.
Phone (718) 333-2394

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