KEY TAKEAWAYS
- Sibling disputes over assets in a parent’s estate can be avoided by taking certain steps both before and after the parent dies.
- Strategies parents can implement include expressing their wishes in a will, setting up a trust, using a non-sibling as executor or trustee, and giving gifts during their lifetime.
- After a parent dies, siblings can use a mediator, split the proceeds after liquidating assets, and defer to an independent fiduciary.
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