Advice For Estate Planning

When one thinks of estates and wills, money and financial assets come to mind. But what about the other items that are more valuable than money? How do you decide who gets the necklace passed down five generations? Reading article like the following one will help you when planning your estate.

In fact, such “stuff”—the legal term is “non-titled property”—is often the biggest source of unhappiness among families, says Wynne Whitman, an attorney in Spring Lake, N.J. Certain items might have monetary worth, and others are cherished for their sentimental value. But that 25 cent Christmas ornament or dog-eared copy of “Winnie the Pooh” can come at a costly emotional price. Without investing time and thought into how to distribute personal possessions, you can unwittingly leave a legacy of rancor and resentment.

— Consumer Reports