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How to Sabotage Estate Planning There are a number of ways to sabotage family estate transfer plans. Start by procrastinating; don't write a will. Avoid planning or making any decisions. Then don't discuss the subject; keep information from younger family members. This is a sure way to increase family conflict. Blame others for problems and be sure to stay angry. Do all you can to block the younger generation from goal setting or decision making until they are middle aged. Refuse to listen to other family member's viewpoints. Keep total control of the family business. Assume others know what you want. Avoid discussing your wishes with the family. Make sure your sense of worth, identity and life's meaning come solely from your business, resist including the next generation. Pay no attention to wake up calls such as illness, accidents, death or an offspring's major choice. Source: Fetsch, R. (1999, June). Some do's and don'ts for successful farm and ranch family estate transfers. Journal of Extension, 37, 5. |
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