Not every estate plan comes out successfully, some fail even before they start. Poor estate planning leads to high expenses, misunderstandings, despair and cause rifts between the beneficiaries.
Without proper directives and preparation, families find themselves embroiled in arguments and indecision that is easy to be avoided with some care and foresight. Many people think that all they need is to draft the documents meticulously only for them to find out later that there is more to the process.
Let us look at the barriers you might encounter while planning your succession.