Beneficiaries
The ongoing legal battles surrounding Michael Jackson’s estate have recently resurfaced, as his son, Prince Jackson, has renewed his efforts to challenge the estate’s executors. This latest development serves as a reminder of the importance of including a “no contest” clause in your estate plan to discourage potential litigation and minimize the risk of prolonged family disputes. What is a “No Contest” Clause? A “no contest” clause, also known as an “in terrorem” clause, is a provision in a will or trust that threatens to disinherit any beneficiary who challenges the validity of the document or contests the distribution of ...
