Personal Estate Property – Avoiding the Headaches

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					                         Personal Estate Property – Avoiding the Headaches

Anyone who spends any amount of time in estate planning circles knows that some of the most bitter
family disputes that arise after a parent die do so because of a conflict over a family heirloom or
cherished piece of personal property. Parents will need to consider who will inherit family heirlooms
ahead of time so these conflicts can be avoided. However, for children who are distributing their
parent's estate without any clear guidance to work with, here are two tips that can help avoid potential
conflicts.

Tip 1: Identify the important items.
Each child of a deceased parent may have different desires when it comes to family heirlooms. To sort
all these out, it's important that children can get together to meet and decide on one person who will be
in charge of distributing the property. Once that person is selected, the children can then use colored
stickers or sticky tabs to indicate their desire to inherit each item. They can also indicate how important
the item is to them by ranking each. Once everyone has had their chance to mark the heirlooms, the
person in charge can then take that information and compile it on a spreadsheet. If there are any ties,
the children can draw straws or use some other method as a tiebreaker.

Tip 2: Use a professional.
Once the important items are taken care of, the rest of the property is probably best disposed of through
an estate sale, auction, or combination of methods. An estate liquidation company or a senior-move
manager can assist families in dealing with all the small details that are involved in disposing of a lot of
personal property.

Experienced estate planning attorneys Port St. Lucie FL of the Robert J. Kulas, P.A. offers estate
planning and business planning resources to residents of Port St. Lucie FL. To learn more about these
free resources, please visit www.kulaslaw.com/ today.

				
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Description: Anyone who spends any amount of time in estate planning circles knows that some of the most bitter family disputes that arise after a parent die do so because of a conflict over a family heirloom or cherished piece of personal property