Appointing in-laws to fiduciary positions in your estate plan can have both benefits and drawbacks.

Appointing in-laws to fiduciary positions in your estate plan can have both benefits and drawbacks. On the one hand, selecting a trusted family member, such as an in-law, can provide a sense of familiarity and comfort knowing that someone close to the family is managing your affairs. Additionally, in-laws may have a vested interest in ensuring the well-being of their extended family members. However, there are potential risks, such as conflicts of interest or strained relationships that could arise if disagreements occur among family members regarding the distribution of assets or decision-making authority. Careful consideration of the dynamics and communication within the family, as well as clear documentation of expectations, can help mitigate these challenges and ensure the smooth execution of your estate plan.

If you have questions about creating an estate plan, give us a call at 253.858.5434 to set up an appointment today. We represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference.