Sweating the Small Stuff

Lerman, Josh
February 2005
Money;Feb2005, Vol. 34 Issue 2, p47
This article offers suggestions on how to keep the family peace following the death of a loved one. So you finally buckled down, did the responsible thing and drew up an estate plan for your family. Did you make provisions for your collection of old coins, the family photo albums and the dog-eared copy of Goodnight Moon that you read to each of your kids at bedtime when they were small? If you're in a second marriage, do you want to ensure that your children inherit certain items that have been in your family for generations? People have far more emotional attachment to personal items than to money, which makes the division of property potentially traumatic.How can you avoid having your estate become a 21st-century Bleak House? Start with these concrete steps.Decide what's important. Devise a fair system. Let your wishes be known. Key questions to ask yourself and actions to avoid. INSETS: Four mistakes to Avoid;The Key Questions.


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