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Home Âğ Mediation May Save You Money in the Long Run

Mediation May Save You Money in the Long Run

January 9, 2014 by Stephen Unsworth

When you meet your estate planning attorney for the first time they may ask you if you want to mediate your Will and Trust. Though this is an added expense and takes more time, mediating can actually save you in the long run. Consider this:

You go through the estate planning process with your attorney, but after your death family members contest the contents of your Will. The time spent in court, the hours lost, and the damage to the family can be costly from there. The best way to avoid this entire situation is by using mediation as part of your estate planning process.

Remember that estate planning involves a lot of sensitive information, many of which will cause emotional outbursts regardless of how meticulous it is planned. Money, possessions, and even sibling rivalries can come into play when it comes time to go over the Will and Testament; therefore, mediation can help.

Have your estate plan go through a third party mediator prior to filing it with the court. This will discuss the contents of your estate plan with all interested parties and help resolve the disputes about the document contents. By having the mediation provisions listed in your Trust, you can also save your family and other beneficiaries a considerable amount of money and time wasted in pointless court sessions.

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Stephen Unsworth
Stephen Unsworth
Stephen A. Unsworth is admitted to practice in both Vermont and Maine, and has more than 30 years of experience in estate planning and business law. His mission is to provide quality estate planning services, including assistance with Living Trusts, Wills, Medicaid Planning, Probate, Trust Administration, Powers of Attorney, Special Needs Planning, and Family Limited Partnerships Read More!
Stephen Unsworth
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