Disputing with Your Beneficiary: A Step by Step Guide
Sometimes, being a benefactor is more trouble than it’s worth. This is because, unfortunately, money has the power to cause rifts between even the best of friends and closest of family members. For this reason, you have to ensure that, whenever you seek to hand out inheritance or gift anybody any money, you have to do it amicably. If you don’t, you’ll just end up wishing you hadn’t even bothered giving away your cash in the first place!
To find out how you can dispute your finances, estate, and assets with your beneficiary in as amicable a fashion as possible, be sure to check out the step-by-step guide below.
Get a professional on board
The first thing you must do in this instance is to get a professional trust disputer on board. By partnering up with a solicitor who knows the ins and outs of contesting a trust, you will be able to be sure that nobody misses out on what they deserve or gets what they don’t deserve.
The sooner you obtain legal advice in this instance, the better off you will be in the long run. You should seek to sort out such assistance as soon as you know you wish to become a benefactor. By doing so, you will stand a far greater chance of seeing your dispute be resolved in an amicable and swift fashion.
Such a professional will also be able to assist you in a number of other trust-related areas. Some of the ways a trust dispute solicitor could help you include:
- Helping you to remove a trustee from your will
- Assisting you when it comes to disagreeing with a reported value of assets
- Offering your support and guidance on how to carry out your duties as a benefactor
Gather all appropriate information
If you want to stand a chance of sorting out your beneficiary disputes, you have to ensure that you have gathered all appropriate information on the matter. Equipping yourself with the facts could make or break your ability to see your issue be sorted out quickly and fairly.
Should you ever find yourself disputing a divorce claim, for example, the kind of information you would need to tap into would include:
- The fact that state law makes certain provisions for life insurance after divorce is finalized
- The fact that divorce decrees can sometimes allow ex-spouses the chance to make claims against the beneficiary in question
- The fact that federal law always has the power to override policyholder designation
Conversely, if you ever find yourself in the position of being a disappointed beneficiary, then you have every right to dispute it. Any number of factors could have resulted in you not getting what you feel you deserve — for all you know, your loved one’s signature could have been forged on their testament, and that could be the reason why you’ve not been left behind what is rightfully yours.
Just know, whether you’re a benefactor or a beneficiary, there are things that you can do to fight your plight and get whatever it is you feel you deserve.