Grief from losing a loved one can cause irrational behavior in even the most level-headed of people. When an inheritance is factored into the equation, arguments between family members can become downright volatile. In some cases, things can become so explosive that it irreparably damages relationships. This risk is why many people choose to create wills and trusts; they want to reduce the risk of family strife. Unfortunately, it does not always work. Miffed family members can still contest a will or trust. An “in terrorem” provision may help. The following is a brief overview. For more detailed information about your particular situation, contact a wills lawyer.
In Terrorem Provisions
An in terrorem provision, or a no-contest clause, is sometimes used to discourage the contesting of a will or trust. It specifies that an heir may either lose their inheritance or receive only a nominal amount of money if they contest the validity of their loved one’s will or trust. Unfortunately, it is not always enough of a deterrent, and contests are still possible.
Contests Can Still Occur
You can take all the right steps and put all the protective provisions in place, but you still cannot completely control what family members do once you are gone. Some may still contest the will, fully knowing they are at risk of losing their inheritance. Granted, individuals with smaller inheritances are far more likely to do so, but even those with a substantial amount to lose may consider the risk worth their potential gain. In some cases, that gain may not even relate to the inheritance; it could, instead, relate to getting “even” with a family member.
Enforcement of No-Contest Clauses
An in terrorem provision is not much of a deterrent if it is not enforceable. Unfortunately, the law in many states are rather vague when it comes to the enforceability of no-contest clauses. Some courts have overruled no contest provisions, stating that the contest was filed in good faith. However, that does not mean that all no contest provisions will be thrown out. Assistance from an experienced wills lawyer can decrease the risk of language issues in your will or trust. As a result, your wishes are more likely to be honored by both your loved ones and the courts.
Contact an Estate Planning Law Firm
If you fear family members may try to contest your will or trust and want to reduce the risk with an in terrorem provision, a wills lawyer can help. For help with this matter, or any other estate planning issues, contact a skilled attorney, like a wills lawyer from the Law Firm of Iowa. Take the steps to make sure your family is protected when you are no longer here.