The Hidden Complications of Leaving Property to Multiple Heirs
- Adam C. Nicolai Esq.
- Jul 1
- 3 min read

Leaving a cherished family home to your children might seem like a loving and generous gesture but without proper planning, it can quickly become a source of conflict and stress.
Here are just a few of the challenges that can arise:
Shifting intentions: The child who once dreamed of living in the family home may end up settling in another state. Another may plan to turn the house into a rental—only to realize later that dealing with tenants, late-night maintenance calls, and property management is more hassle than they imagined.
Unequal financial footing: Some heirs may be more financially equipped than others to cover ongoing costs like property taxes, insurance, and repairs.
Differing priorities: Even when siblings have similar financial resources, they may disagree on when or how to make repairs and improvements. One might want a new roof, while another pushes back due to cost.
Changing needs: A child who was once committed to keeping the property in the family may later need to sell their share for personal financial reasons.
The bottom line? Shared ownership often leads to difficult decisions and emotional strain.
That’s why it’s so important to plan ahead with the guidance of an experienced estate planning attorney like Adam Nicolai of Nicolai Law Firm. This situation is more common than you might think, and there are several thoughtful strategies we can use to avoid future headaches. These include:
Requiring the property to be sold
Creating a trust to manage the home
Establishing a family partnership
We’ll also help you frame the conversation with your children. While it’s wise to understand their current wishes and financial circumstances, it’s just as important to express your hopes for family unity. Let them know that preserving their relationships with one another is far more valuable than any piece of real estate.
What Should Be in Your Estate Plan?
A well-rounded, traditional estate plan typically includes the following key components:
Revocable Living Trust
Pourover Will(s)
Durable Financial Power(s) of Attorney
Advance Healthcare Directive(s)
Quitclaim or Grant Deed to Transfer Property into the Trust
At Nicolai Law Firm, we offer complete estate planning packages that include all of the above. Whether you need to create a plan from scratch or review and update an existing one, we’re here to help. Call us at 310.714.7034 or email info@nicolailawfirm.com to schedule your consultation.
Is Your Home Properly Insured in Your Trust?
If your home is held in your living trust, make sure your home insurance policy also reflects that. Many homeowners forget this crucial detail.
Here’s what you need to know:
Your trust should be listed as an “additional insured” on your insurance policy.
Each insurance company has slightly different language and requirements, so it's essential to confirm that your coverage aligns with your trust.
Don’t wait until you file a claim to find out you’re not technically covered because your name isn’t on the deed the trust is.
If you’re unsure whether your insurance is properly set up, Nicolai Law Firm can guide you in coordinating your legal and financial protections.
Take the Next Step
Estate planning is about more than just documents, it’s about protecting your family, your peace of mind, and your legacy. Whether you're starting from scratch or fine-tuning an existing plan, we’ll walk you through every step.
Contact Nicolai Law Firm today at 310.714.7034 or info@nicolailawfirm.com. We’ve got you covered.
*** Information contained in this Memo is intended for informational and educational purposes only and does not constitute legal advice or opinion, nor is it a substitute for the professional judgment of an attorney. It is likely considered advertising. ***
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