Leaving More than Money: Mediation Clauses in Estate Planning Documents
Lela P. Love
Yeshiva University - Benjamin N. Cardozo School of Law
Stewart E. Sterk
Yeshiva University - Cardozo Law School
Cardozo Legal Studies Research Paper No. 206
When probate disputes arise, an increasing number of courts have been referring those disputes to mediation. Estate planners, however, have been less proactive about drafting wills to include mediation clauses that would anticipate estate disputes and channel them away from litigation. When a will mandates mediation, the will provides a dispute resolution mechanism designed to preserve family harmony, conserve estate assets, and avoid airing the family's "dirty laundry" - objectives common to many testators.
Mediation clauses in wills are no panacea. They are of little value to testators who exalt control over estate assets above all other concerns, and they are unlikely to bind disappointed family members whose primary claim is "against the will" rather than "under the will." Nevertheless, compared to other alternatives frequently employed by estates lawyers (including "no contest" clauses), mediation clauses present significant potential for reducing estates litigation, with its attendant financial and emotional costs.
Number of Pages in PDF File: 33
Keywords: mediation, estates, wills, probate, contests, estate planning
Date posted: September 25, 2007 ; Last revised: September 28, 2011
© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo4 in 0.328 seconds