Speaker Series – Divide Things, Not Families: Handling Personal Effects
Personal effects are often the component of an estate with the least monetary value but the most sentimental value. These items can cause more family discord than an unequal division of bank accounts, because they have meaning - both shared and individual - to the deceased person and to the heirs. Estate planning attorneys must address personal effects from two different angles: first when crafting the estate plan and second when working with the fiduciaries to distribute property after death.