Thursday, April 15, 2010

Unintended Consequences of Putting Off Estate Planning

The Sacramento Bee has an excellent article today about how the recession is effecting estate planning and how putting off estate planning can have unintended consequences.

One of the major issues that can arise is when siblings fight over usually inexpensive but emotionally valuable items. This can easily be prevented through a will. In Minnesota, a personal property list can be created that explicitly states who gets what item. There are some requirements for a valid personal property list and some limits on what it can cover.

If you want to prevent a deterioration of family relationships after you've gone, speak with a licensed attorney in your state

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