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Tuesday
28Apr2009

Personal Property Distributions - Create a Tangible Personal Property List

All too often families are faced with the task of dispersing personal items when a loved one dies. Whether it is Grandma’s hutch or Dad’s art collection, emotions often get the best of families and conflict ensues. Commonly, that’s when the attorneys are called in to referee disputes and help resolve them amicably.

What people don’t know, but should, is that there is a legal planning tool called a “tangible personal property list” that one can execute simultaneously with a will. That document allows for a detailed listing of those personal items that are near and dear to the testator (the person making the will) and enables the testator to designate who should receive them. Items on this list can be added to, deleted from, and changed as the testator’s needs and desires change prior to death.

No more arguing over Granma’s hutch or tags going missing on the back of certain pieces of Dad’s art collection. Your estate planning attorney can counsel you on executing this list, helping provide for a smooth transfer of your personal property items, sparing hard feelings and fights among loved ones.

Bell & Ingram, PS     877-503-1004

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