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.
http://www.sacbee.com/2010/04/11/2668226/personal-finance-estate-planning.html
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
No comments:
Post a Comment