Experts predict the kind of estates that will face litigation. Family grievances are a key issue.
It is interesting to anticipate how potential battles over estates will develop. Private Wealth recently published its predictions of some trends that we may experience this year.
The article is titled "4 Estate Litigation Predictions For 2018" and includes:
- First, it is likely that more estate litigation cases will be filed. Americans are getting older and many are increasingly sitting on larger and larger piles of wealth that people will want to fight over.
- The expected increase in litigation has led to estate planners looking for ways to avoid it. One popular way is to include mandatory arbitration clauses in wills and trusts. It is expected that litigation over the enforceability of those clauses will increase.
- Another way to deal with the increase in estate litigation has been to use more no-contest clauses and to widen their scopes. That will also likely be the source of increased litigation, as plaintiffs seek to avoid the clauses.
- The rules of the Uniform Trust Code are likely to be another source of disputes, as courts in states that have recently adopted a version of it, will need to determine what is allowed and what is not allowed.
Reference: Private Wealth (Feb. 14, 2018) "4 Estate Litigation Predictions For 2018."