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Personal Property Distribution After Death

Posted by John B. Palley on Monday, January 23rd, 2012 in Estate Planning, wills
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When you do an estate plan you often think of your house, your stocks, your bonds, your timeshare, your IRA, but what about your jewelry, your family photos, your furniture, and all of that?  In my experience these are the things that cause problems after death!  Make sure you identify this in your estate plan. Maybe by a specific list and maybe by a general clause but think about your personal property.  No, it’s typically not “worth” a lot of money in comparison to the rest of your assets but it can create fights and hardship after death.  Plan, plan, plan!

-John

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