Bingham Legal Group PC

Bingham legal group

Call: 248-952-8783
Email Us

Can ADR resolve both business and estate planning disputes?

When it appears that you are on your way to court over a business disagreement that has spiraled out of control, or you anticipate disputes over your final wishes, you may want to consider the concept of alternative dispute resolution (ADR).

Two processes are part of ADR: Mediation and arbitration. How does the ADR process work and when should you use it?

Settling business conflicts

Mediation is an approach that many companies use successfully because it is a less painful way of resolving business disagreements than a court battle. A neutral third-party mediator helps you and the other party collaborate on a solution to your problem.

If instead, you must resolve your differences in front of a judge, you are at the mercy of the court's docket schedule, which could affect your bottom line. The protracted journey through the justice system will also cost you more in legal fees, which may be an uncomfortable stretch for your financial resources.

Resolving disputes between heirs

When it comes to matters such as settling an estate, emotions often run high. If you worry about disagreements over inheritances after you are gone, you might insert an ADR clause into your trust document. This requires your beneficiaries to use arbitration in settling any differences they might have over the distribution of trust property, rather than allowing them to sue each other. 

They present their cases to a neutral third party serving as arbitrator, and this person determines the results rather than a judge. Like a judge, his or her decisions are legally binding.

Seeking professional help

Because of its versatile applications in the legal arena, ADR has become increasingly popular. However, even though it saves you time and money, it is a process of law that you may not want to navigate alone. An attorney may mediate your dispute, help you draft a clause in your estate plan that is legally binding or assist you in preparing evidence to present to an arbitrator. 

No Comments

Leave a comment
Comment Information
Email Us For A Response

Plan For And Protect Your Future

For an appointment and consultation, call an attorney at 248-952-8783 or contact us online. Bingham Legal Group PC is a full-service estate planning and probate firm providing counsel and service to individuals and businesses in Bingham Farms, the greater metropolitan Detroit area and throughout Michigan.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Bingham legal group

30100 Telegraph Road, Suite 360
Bingham Farms, MI 48025

Phone: 248-952-8783
Fax: 248-642-3207
Bingham Farms Law Office Map