When an executor is dealing with the estate of a deceased person, it is not uncommon for disputes with beneficiaries to arise. These situations usually happen since estate administration is a sensitive time for everyone and emotions can run high.
Nonetheless, executors can prevent or at least minimize conflict with beneficiaries by applying certain practices, such as:
Adherence to the will
The main responsibility of executors is to strictly follow the instructions in the will while ensuring the protection of the estate assets and the beneficiaries’ interests. Deviating from the deceased’s instructions can lead to disputes and legal challenges.
Transparency
Executors must practice transparency when administering estates to build trust and a secure relationship with the involved parties. This practice involves sharing information about the status of the estate assets, updates on the administration and other relevant details that beneficiaries may need to know. By doing this, executors avoid raising doubts about their trustworthiness and dependability.
Clear communication
One of the most effective ways for executors to prevent disputes is to communicate clearly and regularly with beneficiaries. Providing updates about the process and what to expect can help manage beneficiaries’ expectations.
Acquiring help when necessary
Executors should not hesitate to seek professional legal advice if they are unsure about any aspect of the process, especially since estate administration is complex. An experienced estate attorney can provide the guidance executors need on the unique estate administration cases they manage.
While these strategies can help avoid issues, they do not guarantee a dispute-free process. If beneficiaries decide to contest a will or bring legal action against the executor, the latter can navigate the legal process with adequate preparation and experienced legal representation.