A Legal MinutePreventing disputes
Over-Disclosing Financial Documents for Clarity
The short answer
In the speaker's experience, personal representatives are told to over-disclose. That means sending the whole bank statement, every page, including the boilerplate disclaimer page, with anything unnecessary redacted. Others can then see the page count, such as 'five of five'. When information is left out, people's imaginations can run wild.
From the full episode Common Probate Litigation Issues in Arizona (20:11).
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Transcript
In my experience, when we have personal representatives, we tell them to over-disclose. So, "Send me the whole bank statement. I will redact out what's not necessary. Send me all the pages," even though it says that little disclaimer at the end that we all see about credit increases and it has nothing to do with anything. "Just send it to me."
That way people can see at the bottom it says seven of seven or five of five. Because what happens is when we leave out information, then people's imaginations can run wild.
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