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Sibling Rivalries & Trust Administration

By April 6, 2012October 24th, 2018Estate Planning Blog, Robert Lamm
Bob Lamm

Robert Lamm

This week I came upon an interesting article called “Sibling Scorned” in the March issue of Private Wealth.   Click “link” to read the article.

Basically, it discusses the battles that may ensue between siblings during the trust distribution phase after  mom and dad pass away.   My thoughts on this are quite simple.  When constructing trusts, clients should seriously consider  taking their children out of the decision making equation and appoint a corporate trustee to administer the trust after they pass away.   If cost is a concern, clients should consider what is more expensive, the trustee fee, or litigation costs.   Chances are, the litigation costs will be far greater.