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  • Adam Bartsch

Methods for Passing on Personal Property

Estate plans usually include instructions that your miscellaneous household items should be distributed to your children in shares of substantially equal value, to be divided among the children as the children agree. This advice works fine for some families, but falls short for others. If the children cannot agree on how to divide the household items, the Executor may require that the property be distributed by rotation, auction or other allocation method, or as a last resort, the Executor may sell the property and distribute the proceeds. This last option is rarely the best, as personal property often has little value other than sentimental value to the children.

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2019 - 01, Methods for Passing on Person
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