How Can Mediation Resolve Inheritance Disputes?
The death of a loved one can be a stressful and difficult time for any family. This is especially true for individuals named in the will of the deceased, as there can be disagreements regarding inheritance and beneficiaries. If these disagreements escalate, they can quickly become disputes and require legal action. As experts in wills, estates, and trust law, the lawyers at Linley Welwood understand how devastating a dispute can be to a family. That is why our team has provided some information outlining how mediation can resolve inheritance disputes and preserve family relationships.
Benefits of Mediation When Resolving Inheritance Disputes
When it comes to inheritance disputes, mediation offers the following benefits over litigation:
Mediation allows all participants to have influence on the outcome instead of leaving the decision in the hands of a jury or judge. While a skilled attorney may be able to predict the outcome of a dispute, none can do so with complete accuracy. Mediation ensures that all parties are heard and accounted for, providing clients with a higher level of control over the final decision.
Reduced Expenses and Faster Results
Litigation can be a time-consuming process, especially for larger cases with multiple parties. The longer a litigation case lasts, the more expensive it becomes. In some cases, litigation can take over a year, making an already stressful period even more taxing on all parties. Mediation can reach a conclusion in far less time due to the nature of communication between parties, which results in a reduction of final costs.
Privacy and Confidentiality
In most cases, mediation is completely private and confidential, encouraging participants to share and speak openly. This is useful for “airing dirty laundry” or dealing with longstanding family issues, as all information provided is confidential between the parties and the mediator. With litigation, the case will go to court, making much of the information available to other parties and the public.
Preservation of Relationships
One of the largest and most important benefits of mediation is that it can often help to preserve the relationships between individuals involved in the case. Litigation can often create additional tension and conflict that can irreparably damage relationships, regardless of the outcome. As mediation is more focused on conversation instead of building a case, it is often easier to preserve relationships. This is especially important for siblings, children and parents, and close friends.
To learn more about how mediation can help with your dispute, get in touch with the lawyers at Linley Welwood. We can be reached at 604-850-6640 and are ready to assist you with any questions you may have.