It happens frequently, whether the recently passed wants it to or not,
but your family is likely to fight over your estate. With a good estate
plan, money and property is divvied out fairly, but what they tend to
fight over is the stuff. Your computer, TV, furniture, and sentimental
items are all common causes of arguments. This is painful to think about,
but more painful is the fact that some of your most sentimental items
may get sold or go to someone unworthy of them. So how do you prevent
Start by asking your heirs what of yours they would want. Some of your children may have formed a
bond with a particular object that you are otherwise unaware of. Wouldn't
it be nice to know what they want?
The next step is to make a
special gift list. If your estate plan includes a living trust, then you can make a list
of special gifts and who you want to receive them. All you need to do
to make it official is to date it and have it notarized. If you need to
change it, then putting the date and having it notarized again is all
you need to do. If your list ends up being quite sizable, it might be
better to create a separate list for each person just to ensure clarity.
If you are not sure who to give some items to, you simply need to write
down that they have sentimental value and request that they be kept and
not sold by your heirs. Most children will respect your wishes and typically
if they know it is meaningful, they won't fight over it.
If you are starting the estate planning process and want to make sure that
your children aren't left fighting after you are gone,
contact us today.